Receivership is the state of an enterprise being placed under the control of a trustee, usually when it can’t meet financial obligations.

A receivership is a court-appointed tool that can assist creditors in recovering funds in default and can help troubled companies avoid bankruptcy. Having a receivership in place makes it easier for a lender to obtain the funds that are owed to them if a borrower defaults on a loan.

A receivership may also occur as a step in a company’s restructuring process that is initiated to return a company to profitability.

Moreover, a receivership could arise as a result of a shareholder dispute over completing a project, liquidating assets, or selling a business.

Our services include access to the business, managing and maintaining the general activities, and supervise. Providing a periodic report on the workflow to the court who appointed us till the mission is completed.