Receiverships

In certain situations, the appointment by a regulator or court of an independent third party to oversee a troubled organization is necessary, particularly when the entity has been allowed to perpetuate illegal activity and the likelihood of squandering of corporate assets is great. In these instances, it is critical that the team appointed to understand and safeguard the company is experienced in financial investigations, safeguarding electronic information, reconstructing complex financial transactions, preserving assets, and developing a strategy to maintain the viability of the business.

BRG’s multidisciplinary teams of experts can secure control of an organization, gather electronic data and documents, assess the company’s financial health, investigate fraud and malfeasance, locate hidden or misappropriated corporate assets, develop strategies to capitalize on the company’s value, and distribute assets appropriately to the relevant stakeholders. We act earnestly and decisively, preserving value and maximizing opportunities for creditors, employees, and shareholders.

Finally, during the course of a receivership, it may be necessary to place the entity into bankruptcy. BRG experts have advised companies with filing for bankruptcy, hiring bankruptcy counsel, and working with appointed bankruptcy trustees to ensure the orderly distribution of assets to creditors and victims, in the instance of fraud or malfeasance.

Certain investigations are conducted by licensed BRG entities, including: Berkeley Research Group Texas, LLC (A18094); Berkeley Research Group Investigatory Services of Illinois, LLC (Illinois 117001723 and Michigan 3701206962); Berkeley Research Group of Florida, LLC (A 1400243); BRG Investigations, LLC f/k/a Berkeley Research Group Investigatory Services of New York, LLC (11000189295).