A producer of consumer electric goods, including TVs, DVD players, and digital picture frames.
Douglas Wilson Companies (DWC), agent for the Receiver, was charged with oversight of the company operations.
DWC was initially engaged to collect the accounts receivable which were the subject of a dispute between the company and its largest supplier. The scope of responsibilities was expanded to include full equity receivership and the oversight of the company’s operations. When the company was determined to be insolvent, DWC liquidated the company and put the company into bankruptcy in order to preserve preference payment claims against the prior owners of the company.
DWC successfully liquidated the company’s assets and payments to the creditors, the remaining claims against the prior owners were assigned to the company’s largest supplier and DWC continued to provide litigation support for these claims.
Superior Court of the State of California, San Bernardino (Rancho Cucamonga) County
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.
1620 Fifth Avenue
San Diego, California 92101