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Ice Miller’s experienced team of attorneys has significant experience navigating through the complex issues that arise when a receiver is appointed to administer, conserve, rehabilitate or liquidate a business and its assets. 

We combine our experience in real estate, finance, bankruptcy, creditors’ rights and commercial law, bankruptcy and business litigation, and workouts, to provide sound and seasoned advice. Ice Miller has represented receivers, lenders, trustees, creditors and other parties in receiverships.

Representative Experience

  • Represented a receiver in connection with his efforts to reconstruct the financial affairs of an operating business.
  • Represented numerous lenders to obtain the appointment of receivers in connection with lenders’ efforts to protect their mortgages and security interests, and to sell the secured assets.
  • Represented the receiver in Lehman Brothers v. Prime Properties Ltd, Stark County Court of Common Pleas, Case No. 2007 cv 02056, which resulted in the sale of 20 service stations to a purchaser at public auction, free and clear of all liens and encumbrances.
  • Represented the assignee of a first lien holder’s rights in the foreclosure and acquisition of commercial real estate located in Cleveland, Ohio.
  • Represented the lender in a foreclosure and receivership of a partially completed condominium development to maximize value of the property. First Midwest Bank v. Portrait Homes – Townes at West Albany, LLC (Common Pleas, Franklin County, Ohio, 2008-2011).
  • Represented the lender in a foreclosure and receivership of an office complex resulting in full satisfaction of the debt. Security Life of Denver Insurance Company v. Tulspec Properties, L.L.C. (Common Pleas, Franklin County, Ohio, 2010).
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