REYNOLDS LIQUIDATING TRUST

Industry

Real Estate

DSI'S Role

Post-Confirmation Trustee

Services Provided

  • Claims Analysis and Distribution
  • Fraudulent Conveyance
  • Sale of Assets
  • Preference Analysis

REYNOLDS LIQUIDATING TRUST

Case Highlights

  • Managed the affairs of Mr. Reynolds’ individual bankruptcy along with those of his operating company
  • Addressed contract claims and pursued preference and other avoidance actions

Case Narrative

Pursuant to the Chapter 11 reorganization plans of movie actor Burton L. Reynolds and Burt Reynolds Productions, Inc., DSI was appointed as Trustee to manage the post-confirmation affairs of the estates to maximize asset liquidation values, pursue causes of action, administer and settle claims and prepare distributions to creditors.  This project included the sale of Mr. Reynolds’ Jupiter, Florida, ranch, a 150-acre property.  This ranch included a small museum, shops, a petting zoo, movie production facilities and an airstrip.  In a creative resolution, the ranch was ultimately sold to the Martin County School Board to be utilized for a future site of schools in a growing community.