An Asian food importer and distributor located in Los Angeles, California.

Project Description

Douglas Wilson Companies (DWC), agent for Receiver, liquidated assets and collected receivables for UFC Seafood. 

Scope of Work

DWC took possession of three distribution warehouses and prepared an inventory of all assets. During the following eleven-month period, DWC negotiated more than 100 separate sales of more than $25 million in perishable and non-perishable foodstuffs, dry goods and personal property. After reviewing and correcting the company’s accounting systems to reflect an accurate value and instituting a comprehensive collection plan, DWC returned the leased warehouse and storage facilities to their respective landlords. 

Project Resolution

Ultimately, DWC liquidated the assets of UFC and collected all due receivables.

Project Name

UFC Seafood

Client

Superior Court of the State of California, Los Angeles County

Location

Los Angeles, CA

Service Provided

    Douglas Wilson Companies was founded in 1989 to provide a wide range of specialized business, workout, and real estate services to law firms, state and federal courts, corporations, partnerships, pension funds, REITs, financial institutions, and property owners throughout the United States.

    ADDRESS

    1620 Fifth Avenue
    Suite 400
    San Diego, California 92101

    PHONE

    (619) 641-1141

    EMAIL

    info@douglaswilson.com