Project Overview

Receivership

Business

Given Mr. McBride’s vast experience with business litigation and reorganization proceedings, he makes an ideal State Court Receiver. A receivership is a popular non-bankruptcy alternative which often allows direct payments to a creditor under the supervision of a trial court whether it be state or federal. A receiver oversees the company operations, insuring payments to the creditor. In some cases, after the creditors have been paid, the company can avoid liquidation and continue operating.