A bankruptcy estate consisting of three separate land parcels in and around Rosarito, Mexico.
Project Description
Douglas Wilson, appointed as Trustee, took control of the assets, secured the title and liquidate the properties.
Scope of Work
The Trustee maintains the debtor’s books and records; prepares monthly operating reports; receives payments and makes distributions; assists counsel in preparing status reports; prepares various financial analysis and projections; coordinates activities with Capital Trust relating to resolution of the case, property sales activity and funds distribution; resolves issues relating to title and ownership for the Mexican properties; performed numerous physical inspections of the property relating to illegal trespassers; conducted numerous meetings with the various parties in order to facilitate the sale of the Mexican properties; meets with brokers and potential purchasers of the Mexican properties; and has coordinated final Mexican property sales activity.
Project Resolution
A significant portion of portfolio has been sold.
Project Name
Tri-National
Client
United States Bankruptcy Court, Southern District of California
Location
Rosarito, Mexico
