Receiverships & Bankruptcy

Court-Appointed Receivership

American Spectrum has over 25 years experience in the Commercial and Income Property Distressed Asset and Receivership field. We specialize in REO properties, troubled real estate, and non-performing commercial loans nationwide. Having managed hundreds of receiverships, American Spectrum has the expertise to maximize real estate values or loan recovery, despite market challenges.

American Spectrum provides one-stop shopping by providing all Receivership/Bankruptcy, Management and Disposition services in-house. Our experienced professionals have the resources and manpower necessary to seize assets quickly, improve operations, and minimize loss by promptly liquidating the assets. We are known for delivering results quickly and economically, ensuring you receive maximum recovery on your assets.

American Spectrum’s extensive receivership and bankruptcy portfolio includes all asset types, such as: industrial, office, retail, multi-family, land and housing developments, student housing, and senior living. We also have experience dealing with complex corporate and partnership based receiverships and bankruptcy appointments.

Receivership Team

American Spectrum’s Receivership Team has the experience and background the court’s look for when deciding who to appoint Receiver. Our experts know how to navigate local, state and federal jurisdictions to reposition the assets in order to obtain maximum value.

Steven M. Speier – Senior Receiver

Steven Speier was a Partner in Regional CPA firm specializing in Bankruptcy and Litigation. He has been appointed as a California State Court Receiver on over four hundred properties and operating businesses, including office buildings, retail centers, condominium and apartment complexes, hotels/motels, industrial parks, resorts, golf courses, restaurants, residential properties, and numerous operating businesses. Mr. Speier has served as a Bankruptcy Trustee, Expert Witness, Provisional Director, Examiner, Responsible Person, Assignee, Disbursing Agent, Real Estate Broker, Referee and Judicial Receiver. He has over thirty years experience in business serving as a Chief Executive Officer and/or Director of numerous companies. His background encompasses diverse experience in several industries including real estate, public accounting and banking. He has served as the General Partner or on the Board of Directors of companies controlling and managing numerous limited partnerships consisting of approximately 15,000 investors.

Steven M. Speier is a highly qualified Certified Public Accountant with decades of experience in management and disposition of distressed commercial assets.

Industry Credentials:

• Hundreds of prior Receivership assignments
• Certified Public Accountant
• Real Estate Broker
• Prior National Senior Vice President of Money Market Lending Institution
• Current U.S. Bankruptcy Court Chapter 7 & 11 Trustee
• California Receivership Forum Leader and Member
• Former President of a Notable Southern California Real Estate Development and Management Company
• Published Author and Industry Speaker
• Past President of the California Bankruptcy Forum

Strategic Advantages

For troubled and distressed commercial assets, American Spectrum provides a truly unique and effective approach to a very real problem. Our vast knowledge and expertise in receivership and bankruptcy law allows for rapid and seamless transition from “appointment” to “sold”. We understand that each assignment has a different set of challenges unique to that appointment and work with a large network of brokers and buyers to dispose of the assets in a quick and cost-effective manner.

Large Network

American Spectrum's long standing reputation in the business provides a national platform that lenders, attorneys, and special servicers can trust. Our broad network of experienced professionals take a proactive approach in responding to the needs of our clients. In addition, our nationwide list of vendors share in our vision to provide exceptional services that exceed the expectations of our clients.

National Presence

Having the manpower and resources in place to take action quickly is an integral part of American Spectrum’s competitive advantage. With over 95 properties under management nationwide, we more than likely have your local market covered. Each court appointment is treated as a unique situation, meaning we use a boutique approach to crafting the right team of experts to match the specific obstacles of each property. Having employees nationwide is key to our success and allows us to be more cost-effective than our competitors.

Local Expertise

Our regional personnel across the country are supported by a state of the art infrastructure that allows us to have a "team" of management professionals and support personnel on every level engaged with the successful operation of each property. Property level expertise ensures that local market knowledge will be a key factor for timely decision making.

Maximizing Value

At American Spectrum, we are always thinking outside the box to increase value for our clients. Distressed assets offer opportunities to develop and shape a property's recovery. Our success in maximizing value will be the result of creative thinking based on years of experience operating both troubled and performing commercial assets.

One Point Of Contact

American Spectrum provides one-stop shopping for all your Receivership/Trustee, Management, and Disposition services. Streamlining the process allows for open communication and efficiencies in dealing with one firm for all your needs. American Spectrum's unique strategy offers several distinct advantages:

• Keeps the court appointed Receiver in control of the assets
• Keeps the lender off of the chain of title
• Quickly maximizes the assets’ operating results
• Saves money by eliminating duplication of fees
• Speeds recovery by quickly selling the assets, often during the receivership/bankruptcy period