Practice Areas - Receiverships and Business Insolvency

Strip, Hoppers, Leithart, McGrath & Terlecky Co., LPA, has developed a unique niche in the area of receiverships. When a business needs to be wound down and liquidated, or a creditor needs to preserve the assets of a business, the state court remedy of appointing a receiver is a common way to go. Our firm has a strong reputation both in acting as receivers and representing receivers. Sometimes this is referred to as a State court bankruptcy. The procedure is faster and less complex than the Federal procedure.

Our firm works tirelessly to take possession of, protect, and preserve business property throughout the course of the receivership. We work to create income potential for the business, or if there is a wind-down of the organization, to obtain the best price for the assets. Receiverships can serve as a viable alternative to Chapter 11 bankruptcy; and our firm is the preeminent resource for receivership actions.

Having worked with numerous business owners and business operators, our firm's expertise in business law, litigation and bankruptcy has allowed us to successfully serve as general counsel in various high-profile receiverships. Our lawyers are familiar with the limited written law regarding receiverships, the various approaches to receiverships, the unique procedural rules and how to preserve and protect the interests of all parties cost effectively in different counties throughout Ohio.

Our Receivership Attorneys

A.C. Strip - Attorney A.C. Strip is renowned for his work in receiverships. Over the last 50 years, Attorney Strip has been at the forefront of this area of the law both in acting as and representing receivers. John W. Hoppers - Along with Attorney Strip, Attorney John Hoppers has been a central player in hundreds of central Ohio receiverships. His experience during the wind down of a company or a liquidation for creditors can benefit both creditors and debtors.
Nelson E. Genshaft - Attorney Nelson Genshaft is a strong litigator who has been invaluable to the firm's receivership practice. Aaron C. Firstenberger - Attorney Aaron Firstenberger, having worked along side Attorneys Strip and Hoppers for a decade, has developed his own strong reputation for his excellent receivership work.