Business Improvement Group

Services > Receivership

Receivership is governed by State Law, monitored at the County level. The objective of a receiver is to maximize and protect the value of the assets for the creditors.

The objective of a receivership is to stop the company from bleeding money and assets and maximize creditor recovery. The company can be operated and the value of the assets can be significantly enhanced by allowing the company to continue as is and or be sold as a “going concern”.

Receivership can also lead to a restructuring of the company for current owners or new owners and/or a liquidation of the company assets.

When experienced, independent receivers like the professionals from Business Improvement Group are appointed by the court, we can:

• Quickly assess an operation;
• Develop a short-term operating plan;
• Quickly generate positive cash flow; and if necessary,
• Organize and conduct a sale of the business or assets in a cost-effective and timely manner.