Serving as Receiver, Special Fiscal Agent, Assignee for the Benefit of Creditors and Liquidating Trustee

Serving as Fiduciary Agent

SM Financial Services Corporation professionals serve as receiver, special fiscal agent, assignee for the benefit of creditors and liquidating trustee. Assignments for the Benefits of Creditors (ABCs) or state court receiverships are often the best alternative to maximize recovery and monetize assets resulting in greater recoveries for creditors.

We have served as Assignee for the Benefit of Creditors in numerous proceedings, serving as fiduciary to oversee the efficient and effective wind-down of corporations and business entities. As a court appointed Receiver, we are able to quickly take possession of a company’s assets and sell them in the most beneficial manner to maximize proceeds in order to pay creditors.

We advise creditors on their legal rights and remedies to repossess assets, attach goods pre-judgment and petition the Court for insolvent debtor corporations to be placed into statutory receivership in order to secure and preserve assets. We have completed numerous receivership appointments, many for highly complex situations. Our in-depth expertise enables us to satisfy creditors and at the same time ensure viable business operations, thereby balancing the needs of the many parties involved to reach equitable solutions.