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Bernstein Burkley
  • Practice Areas
    • Overview
    • Bankruptcy & Restructuring
    • Business and Corporate Transactions
    • Creditors’ Rights
    • Litigation
    • Oil & Gas and Energy
    • Real Estate
  • Our Attorneys
  • About Us
    • Our Approach
    • History
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    • Professional Memberships
    • Careers
  • Resources
    • Bernstein’s Dictionary of Bankruptcy Terminology
    • Links
    • Five Minute Legal Master videos
    • Blog
    • Legal Publications
  • News
    • Cases Archive
    • Firm News
    • In the News
    • Industry News
  • Contact
Practice Areas

Receiverships

Most often a tool employed by creditors in legal situations, a receivership is when a receiver, or professional appointed by the state or federal court, administers and/or liquidates the estate of a troubled business party. When compared to bankruptcy, one might think of a receiver as like a trustee.

There are two kinds of receiverships: the first is when a receiver is appointed as an oversight or to run a business; the second is when they’re appointed over a specific property or set of assets. Typically, the type of receivership used depends on the situation, including goals and what each party needs.

A common example of when a receivership is implemented is when a business owner is mishandling a company and the secured creditors and other parties involved attempt to get the company back on track through a court-appointed receivership.

With deep industry knowledge and extensive support, Bernstein-Burkley, P.C., has experience helping clients through receiverships, with attorneys who have navigated through the intricacies of the process while also publishing papers on the topic.

Contact our team at Bernstein-Burkley today at 412-456-8100 to see how we can assist you in Creditors’ Rights services.

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