Alternatives to Business Bankruptcy

Editor’s Note: Federal equity receiverships usually arise at critical points in civil litigation, such as fraud cases, business disputes, or regulatory actions aimed at protecting assets. The court’s first major step is usually to appoint a receiver and issue an order outlining the receiver’s authority from the outset. It’s important to focus on the order right away because it’s what actually shapes how the receivership will get started, not just the fact that a receiver was appointed. Drafting the appointing order should be done before a federal judge selects a […]

Federal equity receiverships can provide a fast, flexible, and practical solution when stakeholders need immediate court-supervised control of assets or operations.

Receivers are faced with the usual obstacles of a cannabis receivership often paired with very large professional fees for lawyers and accountants.

In 2026, the modernization and standardization of alternatives to traditional Chapter 11 will continue to be most pronounced in UABCA, UCRERA, and Subchapter V.

Discover how the new Uniform Assignment for Benefit of Creditors Act (UABCA) modernizes state-law assignments as an alternative to bankruptcy, strengthening creditor protections and providing clarity for distressed business liquidations.

When most people think of receiverships, they picture distressed companies with familiar assets. But not every case fits neatly into that mold.

In a cannabis receivership the usual challenges faced in a state court receivership multiply. Understanding these dynamics is crucial.

Finalizing a receivership involves multiple steps. Without a clean conclusion, the receiver and the court can face unnecessary risks.

In an asset sale, a receiver must balance selling quickly enough to avoid value erosion while ensuring the sales process is competitive and credible.

When a business is struggling, a receivership can offer flexibility that traditional bankruptcy may lack and can help stabilize a critical situation quickly.