The Definition of a Receiver
Appointed by a court to take custody, manage and preserve the property or funds of others pending litigation. Responsible for protecting the interest of all parties fairly. Assumes control of all property subject to the receivership, but does not take control over property outside the authority of the court.
We fully support our receiver clients with our services. In select cases, when real estate is the primary asset, we will accept appointment as the receiver.
John Bippus, Court Appointed Receiver
- Development of a plan with the client
- Tenet interviews and evaluation
- Resolution of issues
- Accounting and collections
- Property inspections
- Property maintenance
- Asset management
- Asset disposition
Services are available for many types of assets including:
- Gas Stations
- Shopping Centers
- Golf Courses
- Unique Assets
Benefits of a Receivership
Receivers can be appointed in actions for:
- Business liquidation
- Business restructuring
- Dissolution of a corporation or partnership
- Removal of Trustee
When to Choose a Receiver
- If there is a well-defined exit strategy
- Business sale
If There is a Perishable Business Value:
- Sales contracts
Early Warning Signs That a Receiver May Be Needed
- Borrower’s industry or business is slowing.
- Borrower is in violation of loan covenants.
- Borrower is not able to service debt.
- Indications that Borrower is liquidating assets from company.
- Management is no longer capable to profitably run the company.
- Any other events that may reduce the value of the assets used as collateral.
- Financial obligations to the secured lenders exceed the realistic asset value.
John Bippus, Helping You Succeed℠
800-686-6416 • firstname.lastname@example.org