Sherwood Partners' ability to maximize the asset value of companies has made our firm one of the preferred Receivers of the Courts as well as the creditors and legal communities. The Receivership process is unique, requiring a detailed understanding and knowledge in order to produce the desired result. Drawing upon our years of experience, we have the vital procedural skills and operating talent for successful conclusions. Moreover, our business background, industry expertise and financial know-how allow us to initiate creative and customized solutions for each situation.
A senior member of our firm acts as an operating Receiver and/or a liquidating Receiver, depending on the circumstances. This role is officially appointed by the Court, based on the nomination of an interested party such as a secured creditor. The Court sets forth the procedures, rules and mechanisms appropriate for each case. This customization enhances the Receiver's effectiveness and lays the groundwork for better results. (Contrary to this process is a formal Chapter 7 Bankruptcy liquidation. In this latter instance, the fiduciary does not always have relevant business experience and the process is far more structured and inflexible.)