PERSONAL & BUSINESS RECEIVERSHIPS

What Is A Receivership?

Receivership is the judicial appointment of a person, otherwise known as the receiver, to maintain and manage assets in order to distribute those same assets according to judiciary law. It represents a middle stage, or temporary preservation of assets until a decision is reached or made on the correct distribution of said assets or property, even if ultimately it leads to the liquidation of said assets and distribution to the selected individuals. Our Dallas receivership attorneys can advise you on a wide range of legal matters, including land purchases, home purchases, deeds of trust, land purchase agreements, and other commercial transactions involving land.   

Why May A Receivership Be Necessary?

Receivership is crucial and essential to the efficiency and transparency of the distribution of assets to entitled individuals. They assist creditors in dealing with funds, assist with the avoidance of bankruptcy of companies, as well as assist lenders in recovering funds when a borrower defaults on a loan. There is no set time period for this position, which can range either from a series of weeks to a worst-case scenario multiple years or until the situation that calls for the necessity of receivership has ended. We have handled litigation for estates on issues encompassing diverse areas of the law, including fraud, constructive trusts, fraudulent transfers, fidelity bonds, disgorgement orders, and others.

Among other things, our Dallas receivership lawyers provide comprehensive services that can help you in the following areas of receivership law:

• Business Receivership: A business receivership can arise when a commercial business has financial difficulties or where there is a disagreement between owners or partners. Often, creditors pursue a receivership to protect their interests in a struggling company. We provide comprehensive receivership services in all types of business situations;

• Family Law Receivership: Divorce often comes with property division and the sale of a business. If there are substantial assets, our firm can assist in managing those assets and property during litigation and thereafter, as determined by a court; and

• Probate Receivership: Death is not always final when it comes to a descendant’s estate. Often, significant business operations and distributions must occur to orderly wind-down the business interests and managed property of decedents. The court will often appoint a receiver to manage the probate estate.

Clients Are Our focus

Our Dallas property lawyers advise individuals, small businesses, entrepreneurs, and real estate companies. We have extensive experience in receivership management, liquidation of business, and trust assets. Upon request by creditors, as authorized by the courts, a receivership may serve as a more equitable resolution than a bankruptcy alone. Our Dallas receivership attorneys work to maximize the value of your business assets. We organize and maintain business operations during the sale and distribution of such assets for you.