|
|
Article: Court-appointed receiver looks for buyer for auto park shut down by bankruptcy. (David Ray; Claremont Auto Park)
- Article from:
- Los Angeles Business Journal
- Article date:
- March 19, 1990
- Author:
CopyrightCOPYRIGHT 1990 CBJ, L.P. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Court-appointed receiver looks for buyer for auto park shut down by bankruptcy
The financial custodian of the ailing Claremont Auto Park has met with several potential buyers for the seven-franchise dealership, currently in a court-mandated receivership.
David Ray, an attorney with the West Los Angeles law firm of Saltzburg, Ray & Bergman, was appointed receiver of the megadealership Feb. 5. Since then, Ray has confronted a number of problems, including missing vehicles, damaged demonstrator cars, severe deficits and broken contracts.
"It is going to be a couple of more months before we have a real handle on this place," Ray conceded. "Meanwhile, ...