American culture seems to celebrate the bankrupt.
For creditors at the end of their rope, there is an alternative to forcing a debtor into bankruptcy: receivership.
Under Nevada Revised Statutes Chapter 32, a creditor has the right to ask the court to appoint a receiver "to subject any property or fund to his claim... where it is shown that the property or fund is in danger of being lost, removed or materially injured. "
In a receivership, a judge will appoint an unbiased third party - preferably with the unique combination of finance, accounting, business management, and marketing skills like ours - to become custodian of the company or assets that have collateralized your note.
The custodian will then operate the company or asset with the goal of satisfying your interests, not the debtors. Ideally, this means your note will be paid and the company or asset will be returned to operating health and to your debtor, turning a once-ugly situation into a potential ongoing business relationship in which all remaining stakeholders win. Sometimes it means liquidation - but with your interests primary.
Interested in Learning More?
Our policy prevents us from talking directly to creditors who wish to use our services to maximize their note recovery. Instead, we suggest you discuss the use of our services with your attorney. If you both agree that it makes sense, we can direct your attorney through the process of requesting that MJ Moore & Associates be appointed to receivership by your judge.