Journal of Corporate Renewal
Jeremy Downs, principal in the firm's Bankruptcy & Creditors' Rights Group, has authored "Federal Receivers' Reach, Authority Often Overlooked," published in the March 2013 edition of the Turnaround Management Association's Journal of Corporate Renewal.
The article examines situations in which federal receiverships may be overlooked, to the disadvantage of creditors. Federal receiverships proceed in U.S. district courts and can empower receivers to exercise control over assets in several states. For this reason, among others, federal receiverships may deserve a closer look by restructuring professionals.