Receivership Services

As receiver, we take custody of a distressed business or property under court order, secure its assets, cash, books, and access, and stabilize operations so value stops eroding. From there we operate, sell, or wind down the enterprise — whichever recovers the most for stakeholders — and account to the court and counsel throughout. The receiver answers to the record, not to prior ownership.

The request usually comes from secured lenders, creditors, and the attorneys who represent them when a borrower has defaulted and collateral is at risk. Courts also seek a qualified receiver on their own when ownership can no longer be trusted to preserve value. In both cases the goal is putting an independent party in control before there is nothing left to recover.

The moment collateral is at risk and value is eroding daily is the point to act — waiting rarely improves recoveries. Once a borrower has defaulted and ownership is no longer preserving the asset, an independent party in control protects cash, books, and operations before they slip away. If a full receivership is not the right remedy, we weigh it against the alternatives rather than defaulting to it.

You get assets, cash, and books secured before they can be lost, and a recovery path — sale, return, or wind-down — run to maximize proceeds. Just as important, the court and counsel receive disciplined, defensible accountings and status reports that hold up on the record. When the matter closes, the file closes clean.

Since 1983, a senior partner has headed every appointment and stays personally accountable to the court — no layers and no hand-offs. Because we have operated distressed businesses rather than only observed them, we can keep an enterprise running while we work toward the best outcome. We also coordinate turnaround, bankruptcy, and trustee remedies, so receivership is weighed against every option, not chosen by default.