State & Federal Receiverships & Dissolutions Bankruptcy Alternatives

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A New York State or federal receivership is an alternative to Chapter 11 bankruptcy for a struggling business.


In receivership, a business is placed under the oversight of an independent third party when it is having difficulty meeting its financial obligations. This third party – the receiver – manages the assets of a business, conducts sales of the assets, and distributes the proceeds of the sales among the business’ creditors.

A dissolution is the closing of a business. This is often a preferable alternative to bankruptcy if your business is deeply in debt and you feel that that it can no longer continue operating. Dissolution can be quicker and less expensive than bankruptcy, and is a more private proceeding. In dissolution, the remaining assets of a business are distributed to your various creditors.

Receiverships and dissolutions are complex and detailed procedures. When considering them, it is always best to consult with a qualified attorney. We are highly experienced in representing financially distressed businesses of all kinds and would welcome a consultation with you regarding your particular situation.

Fill out the form below or call us at 646-326-9971 for a free in-office consultation.

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Bradley R. Bailyn, Esq. , Founder

Bailyn Law provides comprehensive legal and advisory services in the fields of bankruptcy and out-of-court debt workouts. We serve companies and individuals who wish to restructure their businesses or their finances to improve liquidity and increase profitability. We also advise creditors seeking to protect their legal rights and economic interests.

How can we help you?

Discover the advantages we bring you. No-cost initial consultation.

6301 Mill Lane Brooklyn, NY 11234

One Rockefeller Plaza, Tenth Floor New York, NY 10020

Contact Us

The Bailyn Law Firm, P.C

 

6301 Mill Lane
Brooklyn, NY 11234

 

One Rockefeller Plaza, Tenth Floor
New York, NY 10020



We believe in action. We’ll reply within 2 hours.

Call 646-326-9971 or fill the below form and we'll get right back to you.

6301 Mill Lane Brooklyn, NY 11234

One Rockefeller Plaza, Tenth Floor New York, NY 10020

THE BAILYN LAW FIRM, P.C.

Image Image

Bradley R. Bailyn, Esq. , Founder

Bailyn Law provides comprehensive legal and advisory services in the fields of bankruptcy and out-of-court debt workouts. We serve companies and individuals who wish to restructure their businesses or their finances to improve liquidity and increase profitability. We also advise creditors seeking to protect their legal rights and economic interests.

How can we help you?

Discover the advantages we bring you. No-cost initial consultation.

6301 Mill Lane Brooklyn, NY 11234

One Rockefeller Plaza, Tenth Floor New York, NY 10020

Contact Us

The Bailyn Law Firm, P.C

 

6301 Mill Lane
Brooklyn, NY 11234

 

One Rockefeller Plaza, Tenth Floor
New York, NY 10020



We believe in action. We’ll reply within 2 hours.

Call 646-326-9971 or fill the below form and we'll get right back to you.

6301 Mill Lane Brooklyn, NY 11234

One Rockefeller Plaza, Tenth Floor New York, NY 10020

THE BAILYN LAW FIRM, P.C.