Receivership Administration

Receivership administration is a legal process in which a receiver, appointed by a court or a creditor, takes control of a struggling company's assets to manage its affairs. The goal is to recover money owed to creditors or to sell the business as a viable entity. The receiver operates the business, addresses debts, and aims to maximize asset value, often while protecting employees and stakeholders. This process is distinct from bankruptcy, focusing specifically on recovering funds rather than liquidating the entire company. Ultimately, receivership aims to restore financial stability or facilitate an orderly exit from the market.