My name is Ira Smith, president of Ira Smith Trustee & Receiver Inc.
. First, we hope that you and your entire
family are remaining safe, healthy and secure during this coronavirus pandemic.
I want to assure you that Ira Smith
Trustee & Receiver Inc is fully operational.
Both Brandon Smith and myself are available at any time to answer any
questions you may have, either by telephone, email or video meeting.
We would love to hear from you, so shoot us a message, give us a phone call,
We'd be happy to answer any questions that you may have.
I noticed that recently there's been an increase in Google searches
on the phrase what is a receivership? So for today, Brandon wrote his blog
to answer that question, what is a receivership?
I hope you can watch until the end of this
video because I know you will get value from it.
The title of today's Brandon Blog is What is
a Receivership, A Complete Guide to Receivership Solutions.
Brandon goes through the entire gamut to explain what is a receivership.
First, he gives an extremely high level
definition, then he drills down into it, gives examples of what a receivership is,
talks about the 10 day notice of intention to enforce security that a secured
creditor must issue before attempting to enforce on its security.
He goes through the history of how that
practice developed to having to give reasonable notice.
Then Brandon talks about the difference
between court-appointed receivers and privately appointed receivers.
He then talks about the duties of a receiver.
He then summarizes the difference between receivership and bankruptcy
because many people use those terms interchangeably. And then in the summary,
Brandon actually gives a brief outline of how receivership,
which is really an enforcement remedy for secured creditors,
might also be used to benefit the entrepreneur whose company is insolvent.
But the entrepreneur is also looking
for a solution and receivership may just be that solution.
So I invite you to read the entire Brandon's Blog below
because I know
you will find the details very interesting and you will get value from it.
So, again.
The Ira Smith Team hopes that you
and your entire family remain safe, healthy and secure
during this COVID-19 pandemic, Ira Smith Trustee & Receiver Inc.
is fully operational.
Both Brandon Smith and myself are available to answer any questions you
might have about this Brandon's Blog or about anything else at all.
So shoot us a message.
Give us a phone call.
We would love to hear from you.