John Polderman is a member of the Receivership Practice Group at Stevenson & Bullock, PLC, where his practice focuses on asset disposition and creditors’ rights. He specializes in the areas of receivership and collections in civil, family and business cases, as well as assignment for the benefit of creditors and chapter 7 bankruptcy proceedings. John takes a proactive approach in advocating for and serving as receiver, whether in the courthouse or in the field.

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PROFESSIONAL EXPERIENCE

 

Since 2012, John has managed and transitioned over $900,000,000 in assets and served as receiver or counsel to receiver in over 500 cases. These have included apartment buildings, gas stations, commercial and industrial buildings, restaurants and bars, liquor licenses, farms, homeowners’ associations, shipping centers, trucking companies, bowling alleys, doctors’ offices, and a health care staffing company. John handles all aspects of the of the administration, sale, and transfer of property, including the “claw back” of assets through litigation, the claims disposition process, the distribution process, and following distribution, the closing of the receivership. John also has experience in representing and serving as assignee for the benefit of creditors, and has assisted assignees in all aspects of the assignment process, including implementation of terms of the assignment agreement and negotiations for wind-down of the assignor’s business operations.

 

In addition to his receivership experience, John advises clients in the structuring of financial transactions and workouts as well as acquisition or disposition of businesses in insolvency proceedings. In state court litigation matters, John has considerable experience in representing creditors in both pre-judgment and post-judgment remedies. He has assisted creditors in exercising remedies following loan defaults, and successfully sought the appointment of receivers in business court cases. John has been recognized by his peers in these areas, and served as an expert witness, disinterested person and mediator in business disputes.

 

In bankruptcy matters, John has served as counsel for a standing chapter 7 bankruptcy trustee in the Eastern District of Michigan. His responsibilities have included asset investigations and collections, objections to claimed exemptions, preference and fraudulent transfer avoidance litigation, asset sales including real and person property and all other aspects of chapter 7 liquidations and administration