When the Court Puts
Someone Else in Charge.
Valuation, operating support, and court-approved disposition for receivership matters nationwide, from the first inventory through the final accounting. Headquartered in Houston, with depth in Texas receiverships and in state and federal matters across the country. Where a matter requires a fiduciary, our affiliated advisors accept court appointments.
Discuss a MatterA Court-Ordered Remedy,
Not a Bankruptcy Filing.
A receivership is a court-ordered remedy. A judge appoints a neutral third party, the receiver, to take control of a business or specific property, preserve its value, and manage or sell it for the benefit of creditors. It is not bankruptcy. It happens in state or federal court, usually at the request of a secured lender or a party to litigation, and it is typically faster and narrower than a Chapter 11.
The receiver inherits an operation they did not build, records they cannot trust, and parties who would rather the sale did not happen. Every figure in the first report and every sale motion will be tested by someone with a reason to challenge it.
What We Do in
a Receivership.
Valuation and Reporting
The receiver's first report sets the baseline every later decision is measured against. We inventory the assets and value them on what the market will actually pay.
- Full asset inventories across inventory, machinery, FF&E, real property, and intangibles
- NOLV, FLV, and FMV reporting written to support court filings
- Independent second opinions where a valuation is contested
Operating Support
Where the order authorizes a going-concern period, the assets have to keep running and stop leaking value on the same day.
- Interim staffing, inventory control, and site security
- Vendor and landlord coordination during the operating period
- Cash and proceeds controls built for court reporting
Disposition and Sale
Sales under a receivership order get challenged. We run the process so the record supports the result.
- Free and clear sale processes under state and federal receivership authority
- Auction, negotiated sale, and retail liquidation events
- Marketing and buyer outreach documented for the court
Fiduciary Appointments Through Affiliated Advisors
Some matters need a neutral in the role, not just alongside it. Our affiliated advisory practice maintains an active receivership practice and accepts court appointments.
- Receiver, neutral, and related fiduciary appointments
- Full-service receivership management and receiver support
- Coordinated execution with the Eaton Hudson valuation and disposition team
The Statutes Are Changing.
The Work Is Not.
Receivership statutes are being rewritten around the country, and the direction is consistent: state frameworks that look more like bankruptcy. Illinois' Receivership Act, effective 1 January 2026, gives receivers the power to sell assets free and clear of liens, with security interests attaching to proceeds. That change matters because it makes receivership a viable venue for the kind of asset sale that used to require a Chapter 11 filing.
What it does not change is the underlying work. The assets still have to be found, counted, valued, protected, and sold, on a timeline set by a judge and under scrutiny from parties with an incentive to object. That is the work we have done since 1987, across retail, industrial, institutional, and mixed asset pools. Our founder James Schaye served as court-appointed Designation Rights Purchaser in the Tower Records bankruptcy, managing the disposition of 89 stores across 20 states.
Eaton Hudson is not a law firm and does not provide legal advice. Nothing on this page is a solicitation to fund, purchase, or finance any legal claim.
Receivership
Frequently Asked Questions.
The First Report Sets the Baseline. Get the Number Right.
Connect with our team to discuss valuation, operating support, and disposition in receivership matters, in Texas and nationwide.
Contact Our Team