Ravinia Capital will sell the assets of medical equipment manufacturer Allied Healthcare Products in a 363 sale to be held in mid to late June. The company is being split into two assets: Project Allied, the St. Louis portion, and Project White Gold, the Stuyvesant Falls portion. For more information, read the full public notice here on DailyDAC. 

Receiverships have a cost. Direct costs are the costs incurred and paid for by the receivership. Indirect costs are costs related to the receivership but aren’t paid for by the receivership, such as attorney’s fees for the plaintiff and defendant. When considering the direct costs one thing should be kept in mind, if the funding falls short in a receivership typically the plaintiff is turned to for funding. Learn more about receivership costs from CRA member Eric Moraczewski, CEO of NMBL Strategies, in this episode of the Receivership 101 Video Series: Costs of a Receivership.

Receiverships have been a remedy in Minnesota law for over a hundred years, but as of 2012 Minnesota has revised its receivership statute. Understand the basics of real estate receiverships in Minnesota by reading Minnesota Commercial Real Estate Receiverships: Nuts and Bolts.