Receiverships

A Receivership occurs when a trustee is appointed to take control of a company's assets and business operations with the goal of maximizing the company’s profitability and avoiding bankruptcy. Appointed by the court, a creditor, or a business’ governing body, the receiver is given authority to take possession of the company’s assets and oversee decision-making processes, eventually either administering a restructuring of assets or a liquidation of the business. The company's directors remain on with limited authority.  

 

CMBG Advisors is available to serve as a receiver on both the state and federal level.