Thomas Seaman Company
> Construction
> Rents and Profits
> Operating Companies
> Assisted Living
> Regulatory
> Other Types of Cases
Nominating Institutions
About the Company
Thomas Seaman, CFA
Judicial Receiver
Thomas Seaman Company
3 Park Plaza, Suite 550
Irvine, California 92614
Direct (949) 265-8403
Main (949) 222.0551 ext. 101
Fax: (949) 222-0661
> Email us 
Other Websites
> FTC vs. Digital Altitude, LLC
> SEC vs. Carolina Development Co., Inc.
> SEC vs. Medical Capital
> SEC vs. PDC Capital Group, LLC
> SEC vs. Small Business Capital Corp.
> SEC vs. Total Wealth Management, Inc.
> SEC vs. USFIA, Inc.

Operating Companies Cases

First Bank vs. Point One Technologies, Inc.
Liquidation of an electronics distributor in default on its asset based loan.

Universal Bank vs. Isaian
Seized control and operated car wash in Whittier.  Highly adversarial defendants.  Supported OSC re contempt.  Significantly increased sales and operating profitability.

Universal Bank vs. Victorville Family Partnership
Seized control and reopened non-operating mini car wash in Victorville.  Uncooperative defendants.  Procured insurance, repaired equipment, and achieved stability

First Bank vs. Concrete Masonry Exteriors, Inc.
Liquidation of a construction subcontractor.

City National Bank vs. ARC International Corp
Liquidation of a computer recycling company.

Commerce West Bank vs. Journey Electrical
Appointed receiver to operate an electrical contractor with 180 employees and contracts totaling $25 million.

Bank of Orange County vs. Artcraft Bedspreads
Interjected turnaround expertise, cut costs, revised pricing models.  Brokered settlement (twice!), second time with takeout financing.

In re Regions Medical Center
Workers compensation provider.  Accounts receivable recovery.  Elements of fraud between partners.  Highly adversarial. Defendants violated court orders, contempt.  Retained by bankruptcy court under 11 U.S.C Section 543 (d).

Castro & Sharp vs. Matrix Industries, et al
Corporate dissolution of operating construction company.  Concluded pending public works contracts.  Significant legal issues re stop notices and liens.  Reconciled differing versions of accounts receivable, collected same.

Rostami vs. Rostami
Inner-city medical clinic.  Extremely profitable, created financial controls to prevent fraud and theft.  Successful corporate dissolution with both sides left with profitable practices at conclusion of the receivership.

Burrett vs. Connick
Partnership dispute, business divorce, profitable skater jewelry and clothing company.  Distributed assets to warring parties, both of whom started new corporations and succeeded post divorce.

Bank of Orange County vs. Wesbay Bottling
Water company bottling company.  Seized business, brokered settlement, bank paid in full in six days.  Use of receiver as collection tool.

Bader vs. Assor
Provisional Director for steel construction company.  Partnership dispute.  Provided much needed striped shirt and whistle.