Receiverships
Creditors' Rights
Receiverships and Court-Appointed Asset Management for Distressed Businesses and Collateral
WH Burkley represents secured lenders and creditors seeking the appointment of receivers to stabilize, manage, and recover value from distressed businesses and real estate. We provide practical, execution-focused guidance to protect collateral and preserve value in time-sensitive situations.
Receiverships are often used when collateral is deteriorating or operations are at risk. We help clients evaluate when a receivership is the most effective remedy and manage the process from appointment through disposition.
Receivership Actions
• Seeking appointment of receivers in state and federal courts
• Advising on strategy, timing, and coordination with other remedies
• Securing emergency relief to stabilize and protect collateral
Asset Stabilization and Management
• Overseeing ongoing business operations during receivership
• Coordinating with receivers, managers, and professionals
• Preserving asset value and maintaining operational continuity
Asset Disposition and Recovery
• Managing sales of assets, including going-concern transactions
• Coordinating receivership sales with foreclosure or UCC processes
• Maximizing recovery through structured disposition strategies
Coordination with Other Remedies
• Integrating receiverships with foreclosure and UCC enforcement
• Coordinating with bankruptcy proceedings where applicable
• Aligning recovery strategy across multiple enforcement paths
Our Approach
- Align receivership strategy with collateral, operations, and recovery objectives
- Move quickly to secure control and stabilize distressed assets
- Coordinate across legal, financial, and operational stakeholders
- Focus on preserving value while positioning assets for recovery or sale
- Prioritize responsiveness, clear communication, and decisive execution
Why WH Burkley
- Experience representing lenders and secured creditors in complex receivership matters
- Ability to move quickly to stabilize operations and protect collateral
- Strong coordination with courts, receivers, financial professionals, and stakeholders
- Integration with foreclosure, UCC enforcement, restructuring, and bankruptcy strategies
- Responsive, partner-level service focused on preserving value and maximizing recoveries
Recognition
Best Law Firms | Cleveland
- Band 1 – Bankruptcy and Creditor Debtor Rights / Insolvency and Reorganization Law
Best Law Firms | Pittsburgh
- Band 1 – Bankruptcy and Creditor Debtor Rights / Insolvency and Reorganization Law
Best Law Firms | US
- Band 2 – Bankruptcy and Creditor Debtor Rights / Insolvency and Reorganization Law
*Certain recognitions displayed on this page were earned prior to the formation of WH Burkley LLP and may reflect the accomplishments of our legacy firms, Walter Haverfield LLP and Bernstein-Burkley, P.C.