Spencer Fane attorneys Andrea Chase and Eric Peterson recently wrote an article featured in The Show-Me Banker covering best practices for financial restructuring through receivership.
Titled “Effectively Using A Receiver,” the article discusses receivership as a tool and how banks can successfully utilize a receiver. Andrea and Eric explain the receivership selection and administration process, including ways to prepare for court.
“Receivership can be a beneficial tool. A receiver provides a level of control over the debtor’s assets and oversight over the debtor’s business,” Andrea and Eric explained in the article. “Rather than simply foreclosing on collateral, a receiver can continue to operate a business under court supervision. A receiver may also sell a business as a going concern.”
To read the full article, please click here.