The principals at Fiduciary Management Technologies have been
appointed and served as California State Court Receivers in a
number of matters including distressed and insolvent business
cases, partnership disputes, family law matters, health and
human safety real property cases, and insolvent real property
cases to manage and oversee operations, liquidate assets,
provide accounting transparency to all parties, and otherwise
preserve the value of estate assets.
For over twenty-three years,
Fiduciary Management Technologies professionals have been
applying their expertise to the administration of the largest
Chapter 11 case to the smallest matters. FMT brings a team of
seasoned professionals with experience as bankers, attorneys
with leading law firms, paralegals, accountants, and trustees.
FMT is fully equipped to handle the volume of mailing involved
in properly sending the required notices to creditors and other
interested parties. We follow the notice and solicitation
procedures that conform to the guidelines promulgated by the
Clerk of the Court and Judicial Conference of the United States.
We endeavor to coordinate efficiently with other professionals
involved in cases to avoid duplication and inefficiency.
Our reorganization manager automates the structure of the entire
claims analysis, resale, objection and settlement process to
include a customizable chart of accounts, detailed claims
tracking and complex distribution calculations incorporating the
allocation of disputed reserves.
We provide a fully-integrated, web-based information system for
all phases of the administrative process. The dedicated case
website provides pertinent case information that is updated on a
24/7 basis. Each document filed with the court can be scanned
into system and made available for viewing in PDF format.
Services Provided by FMT:
reports, and documents required by the Court.
maintain a Debtor case specific web site.
maintain a Debtor case specific voice mailbox.
service of required notices and other pleadings.
filing with the Clerk’s office a certificate or affidavit of
service that includes (i) an alphabetical list of persons on
whom the notice was served, along with their addresses and (ii)
the date and manner of service.
of all proofs of claim and proofs of interest filed.
claims registers by docketing proofs of claim and proofs of
interest in a claims database.
necessary security measures for the completeness and integrity
of the claims register.
transfers or sale of claims pursuant to applicable Federal Rules
of Bankruptcy Procedure.
Transmit to the
Clerk’s office a copy of the claims registers on a weekly basis
and an up to date mailing list for all entities.
generation and account reconciliation with automatic reservation
of funds for unresolved claims or creditors that cannot be
Liquidation and Disbursing Agent
In many cases the professional staff
of Fiduciary Management Technologies, Inc. (FMT), working with a
lender or other significant party, develop a plan to evaluate
and ultimately assist in the determination of the best
management plan for estate assets, the ultimate goal being to
preserve the value of assets for the benefit of the creditors.
Should that determination mean the liquidation of case assets
FMT brings in experienced professionals to appraise, market and
sell the asset or assets.
FMT’s automated distribution process has electronic data import
and export capabilities in CSV or MS Excel format. A vetting of
claim name, address, and other contact information is conducted
on imported claim data. Upon completion of an asset liquidation
process, claim information is electronically transferred into
FMT’s powerful distribution engine which is engaged to provide
unlimited distribution modeling on a percentage or fixed amount
basis. Once the distribution model is determined, ACH wire
transfers may be initiated or multiple automated check
generation runs may be initiated to various claim classes with
the click of a button. Distributions include an accompanying
cover letter or other communication as appropriate. Records of
all transactions are maintained as originals or imaged copies.
Original or imaged checks voided, damaged, or returned
undeliverable by the post office are retained. Transaction
account records and records of check issued but not cashed as
well as rejected electronic payments are maintained for review.
Stop payments are placed on all checks not negotiated prior to
the expiration date of the check.
An automatic reservation of funds for unresolved claims is in
place, plus a reservation of funds for creditors that cannot be
located, rejected electronic payments, or damaged checks is also
created. FMT’s accounting engine working in conjunction with a
bank partner provides an automatic account reconciliation and
transaction clearing process on a daily basis.
The ability for case attorneys, legal staff, creditor committees
to monitor 24/7 distribution activity for a case is available
through a secure Virtual Data Room.