PROJECT UPDATE – February 2016
Registration is now Open!
5th Annual Trigild Spring Conference
April 20 – 21, 2016 in Dallas, TX
The Trigild Spring Conference is a day and a half educational program focusing on the unique issues arising from non-performing commercial loans.
Offering a combination of expert panels and high-level networking, the Trigild Spring Conference is designed to present you with up-to-the-minute solutions to some of the industry’s most pressing problems, while connecting you with the people you want and need to do business with.
Register now and save. Early Bird Ends March 18th!
Become a Sponsor
By sponsoring the annual Trigild Spring Conference, you put your name in front of the country’s top commercial lenders, special servicers, bondholders, hedge funds, private equity, distressed note buyers, portfolio buyers, legal counsel, and others who deal with distressed commercial loans. The opportunity for you to gain premier exposure with this hard-to-reach group is unbeatable.
Receivership: Seizing Cash on Day One
While there are many advantages in appointing a receiver rather than going directly to foreclosure, there is one crucial benefit to consider: the Receiver can seize much needed cash on day one.
During the receivership takeover process, bank accounts are seized as a part of the asset. Borrowers typically stop making payments on their loans but continue to operate their businesses, taking in rents and other income. The amounts vary, but in Trigild’s experience, our bank seizures have been as high as $500,000.
Time is not your friend. The key is to get the receiver in as quickly as possible to prevent disappearing funds by the debtor. A savvy receiver uses a combination of account freezes, careful negotiation and other tactics to quickly gain control of those bank accounts — protecting the cash for the receivership entity.
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