DWC took possession and control of the properties and their operations. DWC performed a comprehensive financial analysis and implemented cash controls as well as a system of checks and balances to manage outflow of funds from the company’s bank accounts. This included resolving relationship concerns and settling debts owed to key suppliers, vendors and employees for pre-receivership operations. DWC arranged and supervised onsite inspections for each location and held regular meetings to appropriately communicate with the site managers. The three gas station properties contained hydrocarbon soil contamination. DWC coordinated all environmental remediation, engaged the appropriate third parties to investigate and perform the work, implemented the remediation work plan and successfully obtained “No Further Action” certifications from the County Department of Environmental Health.

The property was sold and the Receiver discharged.