From New England Real Estate Journal: Preserving assets through non-liquidating court-supervised proceedings
Court-supervised receivership and special master proceedings are designed to seek the Court's intervention to exercise its powers over assets in order to preserve and protect the value of those assets for the benefit of stakeholders. Traditionally, those stakeholders have primarily included secured and unsecured creditors. However, if the value of an asset can be preserved at an early stage then equity holders and in certain instances, public interests that represent key stakeholder interests can also benefit from Court-supervised proceedings.
Read the full article in New England Real Estate Journal here.