Receiverships
Receivership is the appointment of a person or corporation to wind up and liquidate, realize assets, or manage the business and affairs of a company. The powers and duties of the receiver are directed by the Court.
Appelrouth Farah & Co.’s team of forensic accountants and business consultants’ primary receivership objective is to secure the physical assets, accounts, and records to protect the integrity of the asset and income stream of the business. The secondary objective is to establish management and procedures that protect and preserve the asset.
Our partners each have over thirty years of experience in a variety of business and industry segments that allow us to step into the shoes of ownership and management to piece together the necessary parts of the puzzle to provide for the smooth transition of the operation of the business.
Receivership services include:
- Possession and preservation of assets
- Cash flow management
- Third party independent control as a fiduciary of the Court
- Supervision and direction of daily activities of the company
- Full accounting of all income and expenses
- Authorization, control and payment of payables
- Proactive management to establish confidence with existing staff and customers
- Full cooperation after the receivership period to continue stabilization of on-going operations
The Receivership practice at Appelrouth Farah & Co. is run under a team concept. Multiple partner participation as well as a structured management team is put into place to insure that complete accountability of all assets is maintained. At Appelrouth Farah & Co. our integrity and reputation are foremost.
Mr. Appelrouth can be reached in our Coral Gables office at (305) 444-0999 extension 228 or via email at stewart@appelrouth.com.
