Receiverships are an effective tool that can be used to reduce litigation costs and help solve business disputes. In Illinois, courts have the power to step in to appoint an independent third party (a Receiver) to help run a business if there are operational issues. Typically the Receiver will approve financial decisions made on behalf of the business.
For the past decade, GKWW’s receivership attorneys like Thomas Gardiner, Michelle LaGrotta and Shannon Condon have been working hand-in-hand with both individuals and businesses on a daily basis to help keep entities afloat in various receivership cases.
GKWW has acted as attorney for receivers in a vast variety of matters – from funeral homes to car dealerships to large commercial laundries and real estate ventures. Our expansive experience in contracts, negotiations, real estate, and shareholder disputes enables us to navigate the most complex receiverships.
Because of our experience, judges frequently appoint us as counsel in receivership matters.