An Asian food importer and distributor located in Los Angeles, California.
Douglas Wilson Companies (DWC), agent for Receiver, liquidated assets and collected receivables for UFC Seafood.
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.
Ultimately, DWC liquidated the assets of UFC and collected all due receivables.
Superior Court of the State of California, Los Angeles County
Los Angeles, CA
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