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Detroit Receivership Attorneys

What Is a Receivership?

In a receivership, the court appoints a receiver to oversee a struggling or mismanaged business or property. The receiver can have a wide range of duties and expansive power to make decisions for the business, depending on the level of control and powers granted by the court.

While there are instances when a receivership is beneficial, there are also circumstances where they can be detrimental and expensive. At Resnick Law, P.C., our receivership lawyers can help you weigh your receivership options and make informed decisions regarding the business. Our attorneys can:

  • Help a business seek a receivership
  • Provide aggressive advocacy to a business fighting a receivership
  • Advise a receiver on his or her rights and duties under the court order
  • Act as a court-appointed receiver

To learn more about receiverships and to discuss your situation, contact our business law attorneys online or call us at 248.642.5400. We represent businesses and receivers in the Detroit area and throughout southeast Michigan.

Weighing the Pros and Cons of a Receivership

If you are considering the appointment of a receiver for your business or trying to avoid a receivership, it is important to carefully weigh the benefits and pitfalls associated with receivers. A receiver can help save a failing business or a business struggling with debt. He or she can act as a neutral third party, with experience helping streamline business plans, reduce costs and avoid bankruptcy.

On the other side, you will no longer have control over business decisions. Your business could fall under the control of your creditors and you may be forced into bankruptcy or dissolution. If the receiver’s expenses or control is not limited, a receivership can also be costly for your business.

At our firm, we can help you weigh these pros and cons and help you decide if a receivership is right for your business. If you are seeking a receivership or the court orders a receivership, we will provide skilled and aggressive advocacy. We will work to limit the receiver’s control and authority, to reduce costs, and seek to avoid a negative impact on your business.

Speak With a Receiver’s Lawyer

Whether you are a receiver or a business seeking representation, call us at 248.642.5400 or contact us online to schedule an initial consultation.

Have Questions? Need Legal Guidance?

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  • Asset Protection
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  • Chapter 7 Bankruptcy
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  • Debt Relief Laws
  • Estate Planning
  • Foreclosure
  • Guardianship & Conservatorship
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Office Locations

  • Bloomfield Hills – (248) 642-5400
    40900 Woodward Avenue, #111
    Bloomfield Hills, MI 48304

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Our firm’s practice areas include:

  • Appeals
  • Asset Protection
  • Bankruptcy
  • Business Law
  • Chapter 7 Bankruptcy
  • Chapter 9 Bankruptcy
  • Chapter 13 Bankruptcy
  • Construction Law
  • Contracts
  • Corporate & Commercial Litigation
  • Creditor Rights
  • Debt Relief Laws
  • Estate Planning
  • Foreclosure
  • Guardianship & Conservatorship
  • Liability of Electronics
  • Property Tax Appeals

 

  • Real Estate & Zoning
  • Receivership
  • Short Sales
  • Solutions Without Bankruptcy®
  • Trust & Probate Administration

 

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Office Locations

  • Bloomfield Hills – (248) 642-5400
    40900 Woodward Avenue, #111
    Bloomfield Hills, MI 48304

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Attorneys at Resnick Law, P.C. serve clients in Bloomfield Hills, Metro Detroit, the Tri-County Area and throughout southeast Michigan, including: Oakland County, Wayne County, Macomb County, Livingston County, Genesee County, Washtenaw County, Lapeer County, St. Clair County, Birmingham, Rochester Hills, Rochester, West Bloomfield, Bloomfield Township, Novi, Royal Oak, St. Clair Shores, Grosse Pointe, Walled Lake, Ferndale, Berkley, Sterling Heights, Clarkston, Farmington Hills, Ann Arbor, Howell, Brighton, Mount Clemens, Flint, Grand Blanc, Livonia, Dearborn, Troy, Plymouth, Pontiac, Northville, Southfield, Warren and Utica.

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