Receiverships in Texas
You Can Navigate Business Challenges with Expertise and Integrity
Running a business in Texas comes with challenges, from financial struggles to potential insolvency or legal disputes, which can feel overwhelming. At the Roy Jackson Team, we understand the stress this can bring and are here to help. With years of experience in Texas receivership, Roy Jackson and his team act not just as experts but as allies, committed to finding the best outcomes for your business. While peace and freedom may look different than you imagined, we specialize in transforming non-profitable ventures into success stories by identifying what makes your company unique. Contact us today and take the first step toward recovery, growth, and a brighter future for your business.
We start by understanding your unique situation, evaluating the business’s financial health, and identifying the key challenges and opportunities.
With a clear assessment in hand, we develop a tailored strategy that aligns with your business’s specific needs, whether it’s restructuring, liquidation, or finding new avenues for growth.
We take the reins with precision and care, ensuring that every step we take moves your business towards a brighter future, focusing on preserving and enhancing asset value for creditors and stakeholders.
Our ultimate goal is to navigate your business through troubled waters to a place of stability and resolution, where you can look forward to the future with confidence.
Unlock Business Success
with the Roy Jackson Team
Expertise
Decades of experience managing receiverships across a variety of industries in Texas.
Integrity
A commitment to transparency, fairness, and ethical management in every decision and action.
Results
A proven track record of achieving favorable outcomes for businesses and their creditors
Why Choose the Roy Jackson Team?
In law, a receivership is a situation in which an institution or enterprise is held by a receiver — a person “placed in the custodial responsibility for the property of others, including tangible and intangible assets and rights” — especially in cases where a company cannot meet its financial obligations and is said to be insolvent.[1] The receivership remedy is an equitable remedy that emerged in the English chancery courts, where receivers were appointed to protect real property.[2] Receiverships are also a remedy of last resort in litigation involving the conduct of executive agencies that fail to comply with constitutional or statutory obligations to populations that rely on those agencies for their basic human rights.
Receiverships can be broadly divided into two types:
Those related to insolvency or enforcement of a security interest.
One is Incapable of managing one’s affairs and so the court appoints a receiver to manage the property on one’s behalf — for example a receiver appointed by a Court of Protection under mental health legislation (in some jurisdictions, called conservatorship).
The court seizes control of property due to breaches of law or regulation.
Administrative/equity receivership, where the receiver is appointed wide management powers over all or most of the property of a business, and other receiverships (sometimes misleadingly called fixed charge receiverships) where the receiver has limited control over specific property, with no broader powers beyond managing or selling the individual asset.
- Government regulator appointed
- Privately appointed
- Court-appointed
The receiver’s powers “flow from the document(s) underlying his appointment”—i.e., a statute, financing agreement, or court order.
- Run the company to maximize the value of the company’s assets, sell the company as a whole, or sell part of the company and close unprofitable divisions
- Secure the assets of the company or entity
- Realize the assets of the company or entity
- Manage company affairs to pay debts