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Since
1986, Peter D. Bursik, President of Rainier Realty, Inc. has been
appointed Receiver in State Circuit Courts in approximately 100 cases. This
has included his appointment in the Circuit Courts of over 20
different Florida counties. Receiverships have been located
throughout the State of Florida…extending from Panama City Beach to
Ft. Myers on the Gulf Coast, From Ocala to Lakeland and Orlando in
central Florida, and from Daytona Beach to Miami on the Atlantic
Coast.
When a Circuit Court Judge appoints a Receiver, he must feel secure
in the individual’s judgment and integrity. Obviously, with Mr. Bursik’s history and experience with approximately 100 Receivership
appointments, he has earned a high degree of trust throughout
Florida’s Circuit Court system.
Receiverships are by nature very stressful engagements. Employees
and clients are unfamiliar with the Court system, and are used to
the” old ways” of doing business. In many instances, employees,
clientele, vendors and the Defendants have very close relationships
and Mr. Bursik’s skillful analysis of the situation is of high
importance. Successful receiverships begin with trust and obtaining
as much information as possible, and Mr. Bursik’s personal and
analytical skills come into play on a daily basis.
As
Receiver, Peter Bursik has been responsible for the successful
coordination and completion of a variety of complex problems. These
include, but are not limited to, environmental issues, partnership
disputes, operating deficits, completing major renovations and
repairs, code compliance issues and overseeing the construction and
sale of various single-family developments and condominiums.
Obviously, the main focus of most of the receiverships has been
commercial real estate, such as apartment complexes, office and
industrial buildings, hotels, retail centers, and RV and mobile home
parks. However, Peter Bursik’s experience has also included
liquidation of assets such as accounts receivable, industrial
equipment, and sale of business inventory. In many cases, as
Receiver, Peter Bursik operated on-going businesses such as marinas,
restaurants, assisted living facilities, convenience stores, golf
courses and gas stations. In these situations, maximizing the
income from operations is a key ingredient in protecting and
increasing the value of the asset.
With each receivership, problems and issues are specific to the
location and nature of the business, as well as clientele and
employees. In most situations, the Receiver is operating under the
constraints of limited funds, deferred maintenance and dissatisfied
employees and clientele. However, in each case, Peter Bursik’s
commitment to integrity, experience and general business knowledge
are prerequisites for their success. His experience has been
invaluable in dealing with a variety of properties and on-going
business entities. As Court Appointed Receiver, and in workout
engagements, skillful assessment, rapid action and efficient
management allow him to protect the asset and maintain or increase
its value.
Mr.
Bursik has also been appointed Receiver in the United States
District Court, Tampa, Division, as well as being appointed as a
Chapter 11 Trustee in the United States Bankruptcy Court. |
