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Amicus Management | Realistic | Reliable | Results
616.954.2000

Daniel Yeomans has personally handled nearly 700 cases during the past 22 years as a court-appointed receiver, broker and advisor in voluntary workouts. Due to his length of tenure in the industry, Daniel has in-depth experience in handling distressed businesses and real estate in a number of different industries that sometimes are the result of dips in business cycles and downturns in the economy. For instance, he employed his experience as receiver on scores of condominium developments, mobile home communities, multifamily properties, and shopping centers due to the recent financial crisis and drop in property values. In 2012, a new round of assets included full and limited service hotels, marinas, and malls. Prior to the 2008 financial meltdown, Daniel served as court-appointed receiver for the former Detroit Cold Rolling steel mill in Gibraltar, Michigan and dozens of other industrial concerns. His experience extends into untangling fraudulent business operations to protect the interests of legitimate stakeholders. For instance, Daniel secured the cash and physical assets of 16 shell entities that made up the Cyberco Holdings scam perpetrated by Barton Watson in Grand Rapids, Michigan after the FBI raided the business in late 2004. Subsequently, Daniel filed bankruptcy petitions for all 16 entities. The scam was highlighted on CNBC’s American Greed national television show, “Scam in Cyberspace”.

The art and science of effectively negotiating through a workout or receivership has many nuances and hidden potholes where experience will help navigate the course. Daniel has dedicated more than 30,000 hours of his career to turnaround and receivership management. As receivership and bankruptcy worlds increasingly intersect, effective communication and decisive action is required to maintain compliance with the courts and maintain effective administration of the estate.

Daniel continuously makes presentations to law firms and banks and has participated in panel discussions with organizations such as the Turnaround Management Association (TMA) and Risk Management Association (RMA) and Michigan Bankers Association (MBA). Additionally, Amicus frequently hosts networking/educational events with audiences ranging from 50 to over 100 guests where speakers present new and relevant topics related to distressed asset management.

Daniel holds a master’s degree in business administration from Western Michigan University and a bachelor’s degree in finance from Loyola University in New Orleans. He is a Certified Commercial Investment Member (CCIM) as well as a licensed real estate broker.

When a business fails, some see only ruin. We see maximum recovery.

If you are a creditor, shareholder or litigant with an asset at risk, we can provide an effective alternative to bankruptcy or make a necessary bankruptcy less damaging. Through turnaround management and court-appointed receivership, Amicus Management can preserve maximum value for all assets—even intangibles like goodwill—and negotiate through turmoil within the business while minimizing impact on the community.

Drawing on its vast experience in turning around troubled companies, Amicus Management will guide you through your most trying time. Your goal is to minimize loss, preserve assets and maximize value. Amicus Management will help you achieve your goal by preparing the company for sale or to continue as a viable enterprise.

When faced with the difficult situation of recovering assets from a troubled loan and a trouble borrower, you need an experienced adviser to maximize asset value and expedite a salvage plan. You need someone in your corner who can explain options and consequences, develop the right strategy, and take action to preserve the maximum value for all assets—even intangibles like goodwill—and bring order to the most chaotic circumstances.

Since 1993, Amicus Management and its affiliates have put together and implemented hundreds of specialized workout plans, from serving as a court-appointed receiver that can sell assets directly to new owners without the need of a lengthy foreclosure process to acting as liquidator in a bankruptcy proceeding.

Amicus Management is your trusted advisor. Your best interests are always at the core of every step we take.

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