We have been working on laying the groundwork for taking over a Columbus Ohio based business in receivership today that had an operational structure and real estate component.
The partners worked it out before the hearing, so we are not going to be involved for now. Many of these transactions come back around eventually. Like our auction business, sometimes it takes close to a year.
Do you have questions about distressed assets, receivership or bankruptcy sales, auctions? Email me at rfk@gryphonusa.com and I'll try to answer it in an upcoming post.
Richard F. Kruse is the President of Columbus, Ohio based Gryphon USA, Ltd. (www.gryphonusa.com). The Gryphon Organization includes Gryphon Asset Management providing receivership and consulting services in the distressed marketplace, United Country Gryphon Realty & Auction Group (www.ucohiorealty.com & www.ucohioauctions.com) providing real estate brokerage and auction services throughout Ohio and OnlineAuctionUSA.com (www.onlineauctionusa.com) providing commercial asset liquidations from the Midwest to East Coast.
United Country Gryphon Realty & Auction Career Opportunities Available. Call 614-885-0020 x 17
I agree. It is amazing how many people contact me year several years after the initial meeting when circumstances change, or the first realtor did not work out.