ABI Journal: Why State Court Receiverships are Becoming the Norm for Smaller Companies
June 3, 2024
Mark Iammartino and Jack Donohue’s article “Why State Court Receiverships are Becoming the Norm for Smaller Companies” featured on the cover of American Bankruptcy Institute Journal’s June 2024 issue.
The article explores the resurgence of state-court receiverships as a preferred method for addressing insolvency in lower middle market businesses. It highlights the historical evolution of receiverships, recent legislative efforts to standardize state-level receivership statutes, and the growing appeal of these streamlined, cost-effective alternatives to traditional bankruptcy.