Receiverships in Texas
You Can Navigate Business Challenges with Expertise and Integrity
Running a business in Texas is no small feat. The path to success is fraught with unforeseen challenges, financial difficulties, and, sometimes, the unavoidable reality of facing insolvency or legal disputes.
If your business is on the brink, it’s easy to feel overwhelmed and uncertain about the future.
But it doesn’t have to be this way; you don’t have to face it alone.
Find Peace and Freedom
At the Roy Jackson Team, we recognize the stress and strain financial distress brings to you and your stakeholders.
Roy Jackson is a seasoned receiver with years of experience in the Texas business landscape, our team stands ready to guide you through the complexities of receivership.
We’re not just experts; we’re your allies, committed to securing the best possible outcome for all involved.
Peace and freedom may look different than you first envisioned, but together we will find the resolutions that are best for your company.
The Plan to Freedom
Assessment
We start by understanding your unique situation, evaluating the business's financial health, and identifying the key challenges and opportunities.
Strategy
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.
Implementation
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.
Resolution
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.
Why Choose 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
Take the Next Step
Don’t let financial distress define your business’s future.
We help companies turnaround their non-profitable ventures into something that benefits them. Our specialty lies in understanding what makes a company special and what makes it tick.
Contact the Roy Jackson Team today for a consultation and take the first step towards turning your business around. Together, we can navigate the complexities of receivership and chart a course for recovery and growth.
Why Choose the Roy Jackson Team?
What is a Recieivership?
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.
Those where either
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.
Receiverships relating to insolvency are subdivided into two further categories
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.
Receivers are appointed in different ways:
- 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.
The Duties Of A Reciever
- 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