Appelrouth Farah & Co., P.A.’s receivership practice is composed of a team of our partners, forensic accountants and business consultants. Our partners each have over thirty years of experience in a variety of business and industry segments. Our team can step into positions of management to piece together the necessary parts of the puzzle and provide for the smooth transition of the operation of the business.
What is Receivership?
Receivership is the appointment of a person or corporation to wind up and liquidate assets, realize assets, or manage the business and affairs of a company. The powers and duties of the receiver are directed by state and federal courts.
Our forensic accountants and business consultants’ primary receivership objective is to secure physical assets, accounts, and records to protect the integrity of the assets and the business’s income stream. Their secondary objective is to establish management and procedures that protect and preserve the assets after insolvency, bankruptcy, foreclosure, or shareholder disputes.