DKJ Group Inc. Service Benefits

Business
When appointed as a Receiver during a business dispute, DKJ Group, Inc. can mitigate or stop fraud, mismanagement, loss, destruction or misuse of corporate or partnership property. Receivers also serve as a disinterested third-party to manage the winding-down or dissolution of an entity. We can sequester corporate property to aid in the satisfaction of a judgment.

Contractual
Contracts often call for the appointment of a neutral third-party in the event of default or other breach. DKJ Group Inc. can step into the shoes of the breaching party to preserve the status quo until the Courts can resolve the matter.

Family
Many different kinds of cases come from the Family Courts. DKJ Group Inc. can be appointed when spouses own a business together and cannot work together during the divorce proceedings. We can also be used to protect against the diversion or concealment of assets meant to be used for the payment of child support or that are part of the marital estate.

Fraudulent Transfer
Because of the extraordinary powers given to a Receiver, we are able to quickly and efficiently trace money and other assets that have been fraudulently transferred. Banks, accountants and other third parties are required to turn over information to aid the Receiver’s investigation. Darwin Johnson holds the designation of Certified Fraud Examiner (CFE) granted by the Association of Certified Fraud Examiners. CFEs are responsible for the prevention, detection and deterrence of fraud.

Post Judgment Enforcement
Judgment debtors have been known to simply ignore judgments if it has no impact on their current business or lifestyle. Because a Receiver steps into the shoes of the debtor, we have an immense amount of information available to aid in the collection of the judgment. It is also not a comfortable position for the debtor, so settlements or other payment arrangements can be negotiated to relieve the pressure. Sometimes, the best option is to have DKJ Group, Inc. run the business and institute regular payments from the operating revenues to satisfy the judgment and collect assets.

Probate and Trusts
When an estate’s administrator has been found guilty of waste, misuse of assets or mismanagement, DKJ Group Inc., can step in as a neutral Third Party Administrator (TPA). We are also used to either manage the estate or disburse it according to the terms of the will or based on the resolution of litigation. DKJ Group Inc. can step in when the interests of a trustee are adverse to those of the beneficiaries.

Real Estate
Mortgagee’s use Receivers to preserve the equity or security of a mortgage by collecting and applying rents and profits to mortgage debts and protect against waste and impairments of the security by making repairs. DKJ Group Inc. can enforce lease agreements and manage condominium, cooperative, timeshare estates or homeowner’s associations when the currently governing body cannot be trusted. On the other side, the appointment of us as a Receiver will also stay any foreclosure action until the Court gives its approval to proceed with the application of the creditor to foreclose.