Month: November 2014

How do you eat an elephant? “One bite at a time,” jokes Jerry Foster of Resolute Commercial Services. But, for Foster, the elephant was $75 million of debt and a borrower in default after attempting to purchase the Minnesota Vikings. Ultimately he succeeded, in part; but the other dozens of businesses he owned went into default. “He’s goes from $80 million to … Continued

Resolute Commercial Services, an Arizona-based receivership and corporate renewal firm, has been appointed Receiver for Meyer and Lundahl Manufacturing Company, 2345 W. Lincoln, Phoenix, AZ 85009. A custom woodwork manufacturing company, Meyer and Lundahl, closed in August 2014 due to continued losses. Upon default of the loan and at the request of the banks, Resolute … Continued

Resolute Commercial Services, an Arizona-based receivership and corporate renewal firm, has been appointed Receiver for High-Tech Institute, located at 1515 E. Indian School Road in Phoenix, 85015 Built in 1991, the property includes a 37,946-square-foot office building and a 946-square-foot utility building situated on a 2.59-acre site. The building was built as educational office building … Continued

Resolute appointed receiver of High-Tech Institute SCOTTSDALE, ARIZONA (November 3, 2014) – Resolute Commercial Services, an Arizona-based receivership and corporate renewal firm, has been appointed Receiver for High-Tech Institute, located at 1515 E. Indian School Road in Phoenix, 85015 Built in 1991, the property includes a 37,946-square-foot office building and a 946-square-foot utility building situated … Continued