The Advantages of a Receivership for Lenders

Lenders have a number of options if faced with a failing borrower. However, many of these options can have unappealing consequences. 

In light of this, Waller's Ryan Cochran and Blake Roth discuss the possible benefits of a receivership. 

They note, "The receiver can immediately take control of a business and assess the situation, reporting back to the court its findings...Compared to bankruptcy, it is a cheaper alternative and with forethought, many of the benefits of bankruptcy can be sought through careful drafting of the receiver’s appointment order."

For more insights and guidance, go to the full article published in ABL Advisor here.