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2023 CRA Annual Report


Take a look at CRA’s review of 2023 and a touch of what’s to come in 2024. Download the Report

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January 23, 2024


The Commercial Receivers Association Begins 2024 with the Announcement of Two New State Directors


(ST. LOUIS, MO) January 1, 2024 – The Commercial Receivers Association continues to grow with the announcement of two new state directors in Colorado and Texas.  The CRA is a national membership organization focused on empowering the education and standardization of Commercial Receivership Administration. CRA is proud to continue the strong momentum with the appointments...

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January 10, 2024


After a year of Record Growth, the Commercial Receivers Association Closes out 2023 with the Appointment of Frank R. Simon as the new State Director of Michigan


(ST. LOUIS, MO) December 05, 2023 – After a year of record growth, the Commercial Receivers Association (CRA) closes out 2023 with the selection of Frank R. Simon (“Simon”) as its new State Director for Michigan.  The CRA is a national membership organization focused on empowering the education and standardization of Commercial Receivership Administration. CRA...

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December 5, 2023



Selling Assets in Court-Ordered Receiverships: Where Art Meets Science


By: Bill Lawrence | Revitalization Partners Determining the fair market value of assets for a company that is operating as a going concern requires a substantial effort to ensure that a receiver is maximizing the value of assets on behalf of the company’s creditors.  For example, under the Washington State Receivership Act, the receiver is...

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November 14, 2023



Resolving Partnership Disputes: The Role of Receiverships


Author: ChatGPT Date: October 11, 2023 Partnerships form the backbone of countless businesses worldwide, pooling resources, talents, and expertise to achieve common goals. However, disagreements and conflicts can arise, potentially jeopardizing the stability and success of the enterprise. When such disputes reach an impasse, one avenue to consider is the appointment of a receiver. Understanding...

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October 11, 2023


The Current State of Hospitality Receiverships: Navigating a Shifting Landscape


Author: ChatGPT Date: October 11, 2023 Introduction The hospitality industry has long been a cornerstone of global commerce, offering travelers a home away from home and generating billions in revenue each year. However, with the onset of unforeseen events such as the COVID-19 pandemic, many businesses within this sector have faced unprecedented challenges. In response,...

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The Five Most Common Industries for Receiverships


1. **Real Estate**: This industry often experiences receiverships due to property disputes, financial distress, or mismanagement of real estate assets.   2. **Hospitality and Tourism**: Economic fluctuations, unforeseen events (like the COVID-19 pandemic), and changing consumer preferences can lead to receiverships in this sector.   3. **Retail**: Retail businesses may face receiverships due to factors...

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October 4, 2023


Meet Kevin Hamernik of Forvis


Kevin Hamernik is a Partner with Forvis where he is the National Practice Leader of Restructuring & Special Situations.  Kevin is based in Indianapolis, IN. Contact Kevin at: kevin.hamernik@forvis.com 317-383-4000 Meet Jerry Foster of Resolute Meet Michelle Salazar-Rosenbloom of Verita Meet Matt McKinlay of Ampleo Meet Hannah Ortega-Anayat of Stewart Title Meet Kevin Hamernik of...

April 14, 2022


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