A receiver can maximize value to achieve the best outcomes for stakeholders
The appointment of an independent receiver can be a flexible tool to manage and resolve a variety of challenging business scenarios. Whether dealing with a partnership dispute or dissolution, distressed real estate, or going-concern sale, our team can provide receivership services to help maximize value while avoiding bankruptcy or foreclosure proceedings.
Broad experience and demonstrated results
Harney Partners has experience providing professional fiduciary services, including receivership services, in a variety of complex business and real estate scenarios. We have expertise in customary financial and operational engagements — and we know how to manage and monetize a wide variety of disparate assets while operating within the legal confines of the specific situation.
When appointed as State or Federal Court Receiver, we quickly assess all the elements of the business landscape to gain a full understanding of the participants’ perspectives while navigating the legal process—and leveraging our experience to deliver superior results to stakeholders.
Managing the challenges of receivership
We understand that corporate receivership is a complex and often contentious process. More importantly, we know what to expect and how to approach these challenges and considerations in a thoughtful and disciplined manner. We are well-versed at managing a variety of situations, including:
- Conflicting Interests: Creditors may have divergent interests, leading to disputes over how the assets should be distributed.
- Asset Valuation: Determining the fair market value of assets can be contentious and may require professional appraisals.
- Employee and Supplier Relations: Maintaining relationships with employees and suppliers is crucial during the process to ensure continuity and value preservation.
- Complex Legal Framework: Receivership involves navigating a complex legal framework that can vary from state to state so it is essential to partner with experienced legal counsel.
Read about the role of the receiver in this what is receivership blog.
Learn more in this receivership services video:
Featured Case Studies
Two families who each owned 50% of five (5) different entities related to the operation of a 359-acre gravel quarry operation and residential concrete construction company near San Antonio, Texas…Read More
Family members of an industry leading owner/operator of RV parks and manufactured home communities across the country became involved in a partnership dispute regarding four properties located in three different…Read More
The client company was strategically located adjacent to Dell Technologies, in Round Rock, Texas, and provided 100% of Dell’s flat panel monitor warranty repairs. The company was a subsidiary of…Read More
Austin Baccus Company (ABC) was the exclusive online domestic retailer of refurbished Dyson vacuum cleaners through its warehouse showroom and multiple online sales channels, including eBay and Amazon, as well…Read More
The two receivership entities were mortgage processing companies in Houston, Texas, or “Money Service Businesses” (as defined by Texas Statute), with approximately 18,000 customers. Both companies were sued by the…Read More
The principals behind the fraud, using approximately 40 different entities, obtained approximately $400 million in investments through a pattern of misdirection and outright fabrication regarding the nature and existence of…Read More