David Stapleton Presented at California Receivers Forum: Loyola VII
Published on March 3, 2017
Tips and Tactics from Appointment through Closing the Estate
David Stapleton was a panelist at the California Receivers Forum’s Loyola VII Education program in Costa Mesa, CA, presenting a case study from the point of choosing receivership to the final accounting. Stapleton lent his years of experience to provide anecdotes to demonstrate the hypothetical facts presented by the panel:
- Business loan secured by all assets of Company, co-owned and operated by troubled spouses;
- Divorce action pending after personal scandals, intrusive behavior and erratic conduct destroyed relationship;
- Spouse 1 secretly disposed of business assets and changed bank accounts;
- Spouse 2 locked out of business with no access to accounts;
- Lender declared default and threatened foreclosure on business assets;
- Creditors tried to attach assets.