We hope that you and your family are safe, healthy and secure during this COVID-19 pandemic. Ira Smith Trustee & Receiver Inc. is absolutely operational and Ira, in addition to Brandon Smith, is readily available for a telephone consultation or video meeting. If you wish to listen to an audio version of this Brandon Blog, please scroll to the very bottom of the page and click play on the podcast. What is Receivership ? Last week I wrote an easy beginner’s guide on bankruptcy . This Brandon Blog is for anybody interested in finding out what type of insolvency process receivership is and how it differs from some other insolvency processes. I will explain the receivership process, provide an overview of what happens in a receivership , explaining what is sought to achieve, and the consequences of receivership . Receiverships occur when a secured lender enforces its security to recover loans that have been defaulted on by a borrower. Secured creditors appoi...
The purpose of this blog is to provide information and assistance to those suffering from too much debt. If you are an individual or company who needs to free themselves from the stress and strain of too much debt, and especially if you have been told your situation is hopeless, we can prepare and implement the plan made just for you, to free you from the burden of your financial challenges to go on to live a productive, stress-free, financially sound life.