A receivership is a legal remedy used to protect and preserve a company’s assets during times of distress, litigation, or default. It can be initiated by a court, a lender, or voluntarily by the business itself, often as an alternative to bankruptcy.

 

In this process, a neutral third party—the receiver—is granted control over the company’s operations, assets, and financial decision-making. ​CMBG Advisors serves as a court-appointed or privately agreed receiver in both state and federal jurisdictions.

 

Our experienced team assumes responsibility for managing assets, stabilizing operations, resolving disputes, and determining the most viable path forward—whether that means restoring viability, preparing for sale, or overseeing an orderly liquidation.

 

We bring disciplined governance, financial transparency, and swift execution to each receivership engagement.​

 

Case Study: Consumer Products Company – State Court Receivership

 

CMBG was appointed receiver for a family-owned household goods manufacturer facing internal shareholder litigation and severe cash flow constraints. We maintained operations, retained key staff, and completed a structured sale to a strategic buyer within 120 days—resulting in full payment to the secured creditor and a meaningful recovery for unsecured creditors.