Category Archives: Business Receivership

If a business is unable to meet its financial obligations, it may enter a business receivership in Newport Beach California.A business receivership in Newport Beach California can have many implications for a business, some good, and some bad. A business receiver who is responsible for overseeing an insolvent business may have greater flexibility than a … Continue reading Pros and Cons of Business Receivership in Newport Beach CA →

A business receivership in Newport Beach California occurs when a person takes possession of a particular asset or property and is responsible for following a court’s orders pertaining to the property. A business receivership in Newport Beach California may be administered through state court or federal court. A receivership is usually only ordered when a … Continue reading What Is a Business Receivership in Newport Beach CA? →

Business receivership is a form of external administration, but it has its own distinct meaning. The most important distinction between business receivership in Newport Beach CA and other types of administration is that the legal existence of a company in business receivership is not affected, whereas it is under some other types of external administration. … Continue reading The Differences between Administration and Business Receivership →

When a business defaults on a loan, the lender has a right to request a business receivership in Newport Beach CA. A business receivership involves a legal process where a court appoints an impartial person called a receiver to take possession of specific property to prevent the deterioration, dissipation, or loss of assets. If your … Continue reading What Happens in a Business Receivership in Newport Beach CA? →

A business receivership in Newport Beach California can be an alternative to a business bankruptcy as a method of liquidating the assets of a business in order to pay certain types of creditors. A business receivership cannot occur unless there has been an adversarial legal proceeding and the court has determined that a receivership is … Continue reading Legal Options for a Business Receivership in Newport Beach CA →

A business receivership in Newport Beach California may occur when a business has missed loan payments and defaulted on a loan that was secured by company assets such as equipment, property, accounts receivable, etc. In such instances, the lender/creditor has the right to seize possession of those assets by way of receivership. When creditors are … Continue reading Do You Need Help With a Business Receivership in Newport Beach CA? →

Business receivership in Newport Beach California is a special type of bankruptcy. With business receivership in Newport Beach California, a corporation may be appointed a receiver. The receiver handles the daily operations of the company. However, what exactly does this mean? What, specifically, is the receiver allowed to do on behalf of the corporation? First, … Continue reading Business Receivership in Newport Beach CA: The Receiver’s Duties →

Business receivership in Newport Beach Californiais a specific type of bankruptcy. Business receivership applies to corporate bankruptcies. Duringbusiness receivership in Newport Beach California, a receiver is appointed to handle the daily operations of the company. Often, the receiver is appointed by a bankruptcy court, but the receiver may also be appointed during a private proceeding. … Continue reading What is Business Receivership in Newport Beach CA? →