State and Federal Receivers

Sherwood Partners and its’ principals serve as both State and Federal Receivers. As Receivers, Sherwood’s primary focus is to maximize the enterprise value of a company while limiting disputes and legal fees. In a receivership, we take a proactive role to improve operations (if any), monetize the assets (as appropriate) and distribute the proceeds to the creditors.

Sherwood is well positioned to assist secured creditors or other entities in the steps necessary to effectuate a Receivership and take possession of the collateral. We simultaneously work with the management team and employees, when available to take the immediate steps required to protect asset value. Sherwood Partners has initiated hundreds of distressed sales processes and is well positioned to maximize the value in such settings.

At times, those desiring to insert a Receiver feel it more appropriate no to use an advisory firm to save money. Historically, we have found it to be a better solution to have a Receiver with both business and liquidation experience. A Receiver need more than just legal experience, there is a business to monetize.

Court Appointed Receivers

As a court appointed Receiver, Sherwood Partners performs the following functions:

Quickly take possession of all or substantially all of the company assets, pursuant to an order of the Court or a security agreement;
Monetize the assets in the most beneficial manner in order to optimize proceeds;
Pay creditors based on priority status, with secured creditors leading the way;
Facilitate process and actions for secured creditors and limit potential issues of "controlling parties".
Quickly take possession of all or substantially all of the company assets, pursuant to an order of the Court or a security agreement;
Monetize the assets in the most beneficial manner in order to optimize proceeds;
Pay creditors based on priority status, with secured creditors leading the way;
Facilitate process and actions for secured creditors and limit potential issues of "controlling parties".

The benefits for a creditor's use of Sherwood Partners as a Receiver include:

Allows company to overcome situations where owners are deadlocked over critical decisions or management is ineffective in the final stages of operation;
Removes doubts about facts and information concerning the business;
Installs controls and process for monetizing and collecting creditor proceeds.
Monetize the assets as effectively as possible
Allows company to overcome situations where owners are deadlocked over critical decisions or management is ineffective in the final stages of operation;
Removes doubts about facts and information concerning the business;
Installs controls and process for monetizing and collecting creditor proceeds.
Monetize the assets as effectively as possible

Chapter 7 Trustee Representation

Sherwood Partners has been retained by trustees to represent them as financial and IP advisors as well as operating consultants. Sherwood’s primary role in such engagements is to initiate and/or work towards a sale of the debtor’s assets, generally Intellectual Property (IP). Our deep roots in Silicon Valley, Sherwood Partners has developed a deep expertise in the monetization of IP and has deep relationships with the potential buyers of the IP and/or technology.

In this role, Sherwood Partners works with the Trustee to market the assets, create a dedicated area for key information, set bid deadlines and the terms and conditions of the sale as well as work with the Trustee for court approval for the best offer. Sherwood Partners has been able to balance the need for a timely sale process with the limited information and challenges.

Contact

Sherwood Partners, Inc.

Silicon Valley | Los Angeles | New York

3945 Freedom Circle
Suite 560
Santa Clara, CA 95054

Phone: 650-454-8001
Fax: 650-454-8040

info@sherwoodpartners.com

 

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