Indiana Receivership Attorneys
Receivership law is a useful and important remedy for creditors trying to get paid or protecting the assets of a debtor from other creditors or wrongdoers. Whether using receivership as a collection tool or serving as a receiver to marshal assets, we have the experience necessary to protect our clients.
Using Receivership as a Tool
We represent creditors (secured or unsecured alike) who have been placed in precarious positions as the result of the inability or non-payment to them of funds owed by debtors. In many cases, the position of the debtor may have been declining for some time, often resulting in late payments that gradually turn into non-payment.
In these situations, it is critical to take prompt action before the position of the debtor or the value of our client’s collateral declines further. On behalf of our creditor clients, we enforce their rights and seek receivership when the facts support it.
Serving as a Receiver
We are frequently retained to serve as receivers or counsel to court-appointed receivers over debtors that are in difficult financial circumstances. On behalf of the receiver, we work to marshal the assets of the debtor, including physical property or accounts receivable, to make sure the values and collections are maximized and accounted for, and to oversee disbursements in accordance with agreed-upon instructions or court orders.