What is Neighborhood Blight?
September 15, 2023
When community members discuss neighborhood blight, they are referring to the visible signs of neglect and deterioration in an urban area. Signs of blight include abandoned and dilapidated buildings, vacant lots, trash and debris, and signs of vandalism. Neighborhood blight affects everyone in the community, which is why local leaders often talk about how to fix it. A community’s well-being is strengthened when blight is eliminated, but there are many different approaches to addressing this problem.
Most of the time, restaurant investors, lenders, and co-owners like to think about the positives of their investments – not the potential failure of the restaurant. It’s also hard to imagine a business relationship going sour, but these things happen, too. Restaurants fail, business partnerships become bitter, and stakeholders find themselves in the tricky territory of deciding between taking big losses, filing for bankruptcy, or suing a business partner.
Unfortunately, out of the 4.2 million small businesses in California, there are numerous closures every year. Businesses fail, corporations go into bankruptcy, and many Californians are left trying to figure out how to weather the storm.
How to Address a Nuisance Property
May 30, 2023
Dealing with a nuisance property can be incredibly frustrating and stressful. Court-appointed receivers are an incredible resource for individuals, businesses, and municipalities who need to address unsafe nuisance properties in their communities.
Hoarding is a serious condition that affects millions of families in America. The effects of extreme hoarding can be heartbreaking and devastating. In these extreme situations, the courts may get involved.
Receivership and bankruptcy are two legal options used to address business financial distress, but they are different in their nature, purpose, and scope.
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