Karr Tuttle Campbell's receivership attorneys address all aspects of receiverships in the state of Washington, as well as ancillary receiverships in other states. We work closely with other attorneys in the firm to advise on secured and unsecured financing, real property and commercial transactions, employment matters, and the purchase and sale of troubled companies or distressed real estate.
Our firm pioneered the use of state court receiverships as an alternative to the cost and stigma of a Chapter 11 bankruptcy. Under appropriate situations, receiverships can offer a fast-paced, flexible method for liquidating a company’s assets or resolving two-party disputes.
Beyond the courtroom, we counsel borrowers, lenders and guarantors in matters involving asset protection, corporate governance, loan documentation, workouts, mergers and acquisitions, and tax considerations relating to insolvencies.
Our attorneys have been at the forefront of using receivership as a tool, whether it is a general receivership to liquidate a troubled company or real estate, or assisting a corporation to file an Assignment for Benefit of Creditors (ABC). In recognition of their expertise, they have been chosen to serve as receivers as well as trustees in bankruptcy, and as counsel for receivers in liquidation of gas stations, real properties, intellectual property, commercial businesses (ranging from heavy machinery to strip malls to gun shops), and apartments/condominiums. We also represent lenders, creditors and acquiring entities in receivership proceedings. Our group’s lawyers frequently speak at seminars on receiverships and insolvency-related topics and are leaders in bar and community activities.