Neutral oversight. Maximum recovery. Professional discipline.
In receivership proceedings, a court-appointed receiver provides independent, professional oversight to protect the interests of all parties. Lighthouse professionals have served as receivers and assignees across industries — bringing objectivity, financial expertise, and the operational discipline that the court process and clients require.
Our receivership services.
1. Court-Appointed Receivership: Serving as neutral receiver in state and federal proceedings to manage, protect, and dispose of assets. This includes serving as receiver overseeing operations as a going concern as well as managing liquidation processes and situations that include both.
2. Assignment for Benefit of Creditors: Acting as assignee to liquidate assets and distribute proceeds to creditors outside of bankruptcy court.
3. Asset Investigation & Recovery: Identifying, securing, and liquidating assets for the benefit of creditors and stakeholders.When a business has value as an operating entity, we manage sale processes to find qualified buyers and maximize enterprise value.
The best outcomes start with early action.
The sooner we're at the table, the more options remain available. Reach out for a confidential conversation with our team
What to know before starting a wind-down
A court-appointed receiver is a neutral third party given authority by the court to take control of assets or a business, manage or sell those assets, and distribute proceeds in accordance with the court’s orders. The receiver has a fiduciary duty to all parties and reports to the court on the status and disposition of the receivership estate.
Our professionals have served as receivers across all industries. From wind farms, biomass generating facilities, hotel properties, real estate developments, construction companies, entertainment complexes to non-profit organizations, and software companies —Our expertise includes single-entity receiverships to complex multi-state proceedings.
A receivership is a state-court remedy where a neutral party is appointed to manage specific assets or a business. Bankruptcy is a federal proceeding with broader protections and a more formal structure. Receiverships are often faster, less expensive, and more flexible — but they serve different legal purposes depending on the situation.
Receiver compensation is typically approved by the court and based on hourly rates commensurate with the complexity of the engagement. All fees and expenses are transparent and subject to court review.
Yes. In operating receiverships, we step into management of the business to preserve value and maintain operations while the legal process proceeds. This dual role — financial stewardship plus operational leadership — is one of our core strengths.
