Management Receivership

Management receivership is a legal process where a court appoints a skilled manager to take control of a financially troubled company. The goal is to stabilize operations, protect assets, and maximize value for creditors and stakeholders. Unlike bankruptcy, where a court supervises the entire process, management receivership typically involves an independent manager actively managing day-to-day activities. This approach is often used to quickly address financial issues, prevent asset misappropriation, and facilitate restructuring or sale, all while avoiding the full bankruptcy process.