Business assets were liquidated and the Receiver was discharged. Leonard B. Sand Southern District of New York Claimant identification completed. Awaiting Court approval of claims. Awaiting Court approval of claims. Fixed assets have been liquidated and one secured lender has been paid in full.
Collections are in process for the benefit of the remaining secured lender.
David P. Yaffe Los Angeles Superior Court Manage the business operations of a stereo speaker distributor pending resolution of a partnership dispute. Upgraded the business operations by installing a full accounting system and other management controls. Going concern business sold at auction. Receiver was discharged. Inc. et al.