Court-Appointed Roles

The expertise you need to oversee, strategize and testify.

Working with our Litigation Support and Forensic Accounting team, ESBA professionals regularly provide support in several court-appointed roles for our clients in bankruptcy situations, including providing expert testimony and developing litigation strategy.

Receivers

ESBA professionals have extensive experience in receiverships in a variety of industries, often being appointed to oversee the interests of all stakeholders and maximize value. Under direction of the court, we take control of a debtors’ property with the authority to liquidate assets and wind down business affairs. We have hands-on experience managing companies in receivership, and we have helped owners and lenders in maximizing their recovery through:

  • Legal assistance
  • Report preparation
  • Claims administration
  • Expert opinions & testimony
  • Asset protection
  • Asset liquidation
  • Operational guidance
  • Sale of business

Assignee for Benefit of Creditors ("ABCs")

ESBA bankruptcy professionals serve as Assignees to liquidate the affairs of an insolvent company privately under Chapter 7 bankruptcy law and apply the proceeds to the assignor’s debts. The assignment for the benefit of creditors, or “general assignment for the benefit of creditors” as it is sometimes called, is an insolvency proceeding governed by state law rather than federal bankruptcy law.

We apply our significant experience in serving as an ABC in various states to assess whether an assignment for the benefit of creditors is best for an insolvent company. We help save time and expenses, beneficial for debtor and creditor alike.

Related Transactions

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