Simon PLC Attorneys & Counselors – October 2025 Memorandum Federal Court Receiverships Troy, Michigan – As is apparent from our recent memorandum, receiverships are the cornerstone of our practice at Simon PLC Attorneys & Counselors. Most often, receiverships are viewed as a creature of state law, such as Michigan’s Receivership Act and its 2018 incorporation […]
Category Archives: Receivership Services
Announcement, National Receiver, Receivership Services
Illinois Enacts Modern Receivership Act – Effective January 1, 2026
29
Aug
Aug
We are excited to share that Illinois will soon join the growing number of states with a codified receivership act. Effective January 1, 2026, the Illinois Receivership Act (Public Act 104-0034) establishes a modern, comprehensive framework for administering commercial receiverships. The statute empowers courts to effectively manage commercial real property, personal property, tenants, rehabilitation, and […]
Case Studies, Memorandum, Receivership Services
Receivership As a Resource to Creditors Addressing the Challenges of Vacant Commercial, Retail and Residential Property
01
Jul
Jul
Simon PLC Attorneys & Counselors – July 2025 Memorandum Receivership As a Resource to Creditors Addressing the Challenges of Vacant Commercial, Retail and Residential Property Troy, MI. Nobody likes living near a derelict abandoned property. These types of assets are public nuisances that suddenly become everyone’s problem but their owner. Neighbors suffer from decreased property […]
Memorandum, Receivership Services
Michigan Receivership Authority: Rejection of Executory Contracts and Leases
03
Oct
Oct
Simon PLC Attorneys & Counselors – October 2023 Memorandum Michigan Receivership Authority: Rejection of Executory Contracts and Leases Troy, MI – In the realm of distressed assets and court supervised liquidations, the appointment of a receiver is not an uncommon occurrence. A court-appointed receiver is a neutral third party entrusted with the responsibility of managing […]
Memorandum, Receivership Services
Options Available To Marijuana Businesses and Distressed Assets in Default in Michigan
01
Sep
Sep
Simon PLC Attorneys & Counselors – September 2022 Memorandum Options Available To Marijuana Businesses and Distressed Assets in Default in Michigan Troy, Michigan – Michigan’s cannabis industry continues to experience high growth and demand. This has attracted a larger than ever number of grow facilities and product in the marketplace. But all is not rosy, […]
Case Studies, National Receiver, Receivership Services
Simon PLC Attorneys & Counselors – 2022 Update of Receivership Case Studies
01
Feb
Feb
Simon PLC Attorneys & Counselors – 2022 Update of Receivership Case Studies Note: This is an update to the article Receivership Case Studies published on August 12th, 2019. You can read the original article here. Troy, Michigan – Court appointed receiver Frank R. Simon, Esq., along with the receivership and turnaround Team of Simon PLC […]
Memorandum, Receivership Services
CHANGES IN MICHIGAN RECEIVERSHIP LAW PROVIDE REMEDY FOR MARIJUANA BUSINESSES AND PROTECTION FOR LENDERS
30
Oct
Oct
Simon PLC Attorneys & Counselors – November 2020 Memorandum CHANGES IN MICHIGAN RECEIVERSHIP LAW PROVIDE REMEDY FOR MARIJUANA BUSINESSES AND PROTECTION FOR LENDERS Bloomfield Hills, Michigan –Frank R. Simon, the founder and managing member of Simon PLC Attorneys & Counselors, is frequently appointed as Receiver by courts throughout Michigan. The firm has a significant practice […]
01
Oct
Oct
Simon PLC Attorneys & Counselors – October 2020 Memorandum ASSIGNMENT FOR BENEFIT OF CREDITORS Bloomfield Hills, Michigan – An assignment for benefit of creditors (“ABC”) is an alternative to formal bankruptcy proceedings and is governed by state law (N.B. ABC statutes and laws vary from state to state. There is minimal case law regarding ABCs, […]
Case Studies, National Receiver, Receivership Services
Simon PLC Attorneys & Counselors Receivership Case Studies
12
Aug
Aug
Simon PLC Attorneys & Counselors Receivership Case Studies Bloomfield Hills, Michigan – Court appointed receiver Frank R. Simon, Esq., along with the receivership and turnaround Team of Simon PLC Attorneys and Counselors, are often asked to summarize their experience handling different types of cases involving court supervised borrowers and their collateral. Simon’s appointments have included […]