Receiverships – initiated through either state or federal courts – can provide an alternative judicial means of addressing insolvency.
Receivers are sometimes regarded as legal luxuries by some courts. Under the proper circumstances, however, a receiver – acting as the “hand of the court” and consistent with the court’s equitable powers – can achieve desirable results that might otherwise prove difficult or impossible.
South Bay Law Firm’s professionals understand the dynamics of receiverships, and can therefore advise clients regarding the unique benefits and burdens attendant to this judicial insolvency alternative.