A court-appointed receiver has considerable flexibility in maximizing the value of the distressed asset.  The receiver can operate the business during a sale process, using the cash flow from the business to pay the receivership expenses.  The receiver can also open a business that has been closed by the debtor and operate it during the sale process, often significantly increasing the asset’s value. 

Because the receiver operates with the authority of the court, property tax foreclosures can be stayed and the property can be sold free of liens.  McCallen and Sons offers a fully integrated approach with a team of project managers that has extensive operating experience, combined with a brokerage division that can market and sell the property quickly and efficiently.  This coordinated approach often results in the sale of the property at a price above the appraised value.