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Evaluating Bankruptcy, Receivership, and Assignment for the Benefit of Creditor Alternatives

Protecting Lender, Buyer, and Borrower Interests

A live 90-minute CLE video webinar with interactive Q&A

This program is included with the Strafford CLE Pass. Click for more information.
This program is included with the Strafford All-Access Pass. Click for more information.

Tuesday, July 16, 2024

1:00pm-2:30pm EDT, 10:00am-11:30am PDT

Early Registration Discount Deadline, Friday, June 21, 2024

or call 1-800-926-7926

This CLE course will compare receiverships, assignments for the benefit of creditors (ABCs), and bankruptcy, reviewing the advantages and disadvantages each offers to buyers, petitioning creditors, debtors, and non-petitioning creditors. The program will discuss what situations each process is best suited to address and key provisions to include in relevant orders and agreements. The panel will also address the Federal Priority Act and the receiver's duties.


Lenders seeking quick and efficient remedies to protect their collateral may turn to receivership, which has become a common alternative to bankruptcy proceedings in recent years. ABCs are another option, often cheaper and faster than receiverships or bankruptcy. Although not sought as frequently, the appointment of a receiver to aid in collecting a judgment is a powerful tool. But there are drawbacks and risks for all parties to receiverships or ABCs not present in the bankruptcy process.

Listen as this panel discusses each process' benefits and drawbacks and the ease or difficulty of obtaining each remedy, relevant statutes, and best practices for all stakeholder constituencies.



  1. Comparing bankruptcy, receivership, and ABC on key facets
    1. Relevant statutory authority
    2. How each process initiated
    3. Qualifications and duties of receiver, trustee, or assignee
    4. Compensation and use of professionals
    5. Oversight and accountability to court, others
    6. Stay of litigation or collection
    7. Claims and collateral disposition
    8. Priorities of payment and the Federal Priority Act
    9. Avoidance powers
  2. Best strategies
    1. Lenders
    2. Debtors
    3. Creditors


The panel will review these and other key issues:

  • How are receiverships and ABCs being used?
  • What factors must be considered by lenders, borrowers, buyers, and others when evaluating whether to seek or oppose a receivership or to use the ABC process?
  • What are the key provisions in any relevant receivership order or ABC?


Bates, Bryan
Bryan E. Bates

Parker Hudson Rainer & Dobbs

Mr. Bates represents secured and unsecured creditors, debtors, committees, trustees and other parties-in-interest in...  |  Read More

Cohen, Theodore
Theodore A. Cohen

Special Counsel
Sheppard Mullin

Mr. Cohen specializes in creditors' rights and focuses on lender, indenture trustee, and lessor representation...  |  Read More

Johnson, Eric L.
Eric L. Johnson

Spencer Fane

Mr. Johnson represents clients in bankruptcy, non-bankruptcy insolvency proceedings, such as receiverships and...  |  Read More

Attend on July 16

Early Discount (through 06/21/24)

Cannot Attend July 16?

Early Discount (through 06/21/24)

You may pre-order a recording to listen at your convenience. Recordings are available 48 hours after the webinar. Strafford will process CLE credit for one person on each recording. All formats include course handouts.

To find out which recorded format will provide the best CLE option, select your state:

CLE On-Demand Video