A receiver is typically appointed to perform asset liquidations, oversee the interests of shareholders, analyze operations, and protect the value of a business. Most receivers are appointed by the court, with the receiver acting under the court’s specific direction. Receiverships are often utilized to help businesses avoid bankruptcy or support management transitions. The professionals at Veriti Consulting’s Charlotte, North Carolina office have experience acting as a court-appointed receivers, bankruptcy examiner, and special master for various matters such as:
- Analysis of Debtor Reported Assets
- Business Turnarounds and Restructuring
- Ensuring Continuity of Operations
- Liquidation Proceedings
- Oversight of Financials and Personnel
- Public School Districts
- Reaching Resolution in Disputes and Litigation
- Safeguarding of Assets
- Securing and Managing Business Assets and Affairs
- Settlement Mediation
Veriti Consulting has been appointed as receiver, examiner and special master for a variety of different types of businesses and school districts and has assisted owners in obtaining more efficient and profitable operations. Contact Veriti’s Charlotte, North Carolina office at 855.232.4410 or by email (see comment above) for more information on our receivership services.
Receivership Services and Court Appointed Receiver FAQs
1) How is a receiver appointed?
In most cases, the parties’ attorneys collectively decide on a receiver and make a recommendation to the court to have that person appointed.
2) What is the difference between a receiver and a special master?
Generally speaking, a receiver has the authorities stipulated by the court, which may include broad authority and discretion over the operations of the entity. A receiver’s scope can also be limited, depending upon the order from the court. Receiverships can last from a few months to years. A special master is typically given an assigned task that is limited in scope, and once that task is completed, the special master appointment ends.
3) When is an examiner necessary?
An examiner is generally appointed by a bankruptcy trustee or judge in more complex bankruptcy matters to trace assets, analyze business operations, and advise the court of any suspicious transactions.