Resolute Receivership Services
Receivership is an equitable remedy often used by creditors and governmental agencies. The remedy allows a court-appointed officer to take charge of a business or its assets in order to address issues relating to non-payment of debts or non-compliance with legal requirements. A court order will appoint the receiver and describe the receivers’ powers and duties to the extent necessary to carry on the ordinary and necessary business of the corporation in the best interest of its shareholders and creditors.
Receivership provides an equitable and legal remedy when a company cannot meet financial obligations and protects the interests of all persons involved. Oftentimes, interactions between opposing parties can turn into a chess match with each side taking calculated risks in hopes of besting their opponent. Transparency and control are the objectives of the Lender wanting to understand their options. A receiver exists to increase the enterprise value and decrease the potential of total default.
Resolute has tremendous success in defusing contentious situations while working toward the common goal of regaining stability and restoring viability. It is with this non-threatening approach to client service that we are able to provide assistance to businesses faced with critical financial distress. Resolute provides the following Receivership services:
- Rents + Profits
- Special Purpose
- Special Master
Learn more about Arizona receivership statutes here.