As an alternative to federal bankruptcy, many creditors opt for foreclosure action and appointment of a receiver through the state court system. We can act as a court-appointed receiver. Our approach is to protect and preserve assets and develop a plan that enhances and maximizes value.
In a foreclosure situation, Applied Business Strategy works to stabilize operations and implement a successful exit strategy for the benefit of the creditors. Alternatively, in a wind-down situation, we have the background to maximize all elements – from retention of key personal, litigation management, claims distribution, to asset recovery and sale. Our track record of improving creditor return is solid.