---
title: What Is a Distressed Business, and How Can Receivership Help?
description: When a distressed business is unable to fulfill its financial obligations to its creditors, the receivership remedy may be the best solution.
image: https://blog.griswoldreceivers.com/hubfs/shutterstock_1052396471.jpg
---

 [(858) 481-1300](tel:+18584811300)  [admin@griswoldreceivers.com](mailto:admin@griswoldreceivers.com)

[![G-Receivers-Logo](https://blog.griswoldreceivers.com/hs-fs/hubfs/G-Receivers-Logo.jpg?width=672&height=96&name=G-Receivers-Logo.jpg "G-Receivers-Logo")](https://griswoldreceivers.com)

- [Practice Areas](https://www.griswoldreceivers.com/practice-areas/) 
    - [Health & Safety Receiverships](https://www.griswoldreceivers.com/health-safety-receiverships/)
    - [Partition Referee Matters](https://www.griswoldreceivers.com/partition-referee/)
    - [Business Dispute Receiverships](https://www.griswoldreceivers.com/business-dispute-receiverships/)
    - [Post-Judgment Receiverships](https://www.griswoldreceivers.com/post-judgment-receiverships/)
    - [Rents & Profits Receiverships](https://www.griswoldreceivers.com/rents-profits-receiverships/)
    - [Cannabis Receiverships](https://www.griswoldreceivers.com/cannabis-receiverships/)
    - [Receivership Services in Nevada](https://www.griswoldreceivers.com/practice-areas/receivership-in-nevada/)
    - [Receivership Services in Arizona](https://www.griswoldreceivers.com/practice-areas/receivership-services-in-arizona/)
- [Property Examples](https://www.griswoldreceivers.com/property-examples/)
- [About Griswold Receivers](https://www.griswoldreceivers.com/about-griswold-receivers/) 
    - [Meet the Team](https://www.griswoldreceivers.com/about-griswold-receivers/#meet-the-team)
    - [Career Opportunities](https://content.griswoldreceivers.com/career-opportunities)
- [Resources](https://content.griswoldreceivers.com/resources)
- [Blog](https://blog.griswoldreceivers.com)
- [Contact](https://content.griswoldreceivers.com/contact-us)

Blog

# [What Is a Distressed Business, and How Can Receivership Help?](https://blog.griswoldreceivers.com/what-is-a-distressed-business-and-how-a-receivership-can-help)

March 2, 2023

![distressed-business](https://blog.griswoldreceivers.com/hs-fs/hubfs/distressed-business.webp?width=803&height=536&name=distressed-business.webp)A failing business can be categorized as a distressed business when it is unable to fulfill its debt obligations to its creditors. Common causes of insolvency include high fixed costs, revenue that has been affected by economic fluctuations, partnership disputes and illiquid assets.

If you are the owner or co-owner of a distressed business, the reality of your financial situation can be overwhelming. With creditors calling, financial statements showing unresolvable debts, and business costs continuing to accrue, it can be difficult to know what steps to take next. 

The receivership remedy may be your next best step. This step can be initiated in court by a third party creditor, an aggrieved business partner or any other stakeholder in the business. A court-appointed receiver may take over the operations of the business and work to address the debts of the business as a neutral third party.

## What is a Distressed Business?

Several financial circumstances can lead to a business being categorized as distressed. 

Some examples include:

- A business that is no longer able to fulfill its financial obligations
- A business that is unable to obtain payment deferrals
- A business that is not eligible for refinancing 
- A business that is preparing to file for bankruptcy 
- A business that does not have access to the capital needed to continue to operate
- A business facing claims of fraud/mismanagement by customers or stakeholders

There are many reasons why a business might end up in this situation. Poor management may be the root cause of the problem, but business owners may also be the victims of market changes, natural disasters, global supply chain issues, or new competition. 

There comes a time when business owners or stakeholders need to decide what to do next because maintaining the status quo is only worsening the situation. Creditors and vendors who may be flexible or lenient at first are unable to extend that leniency indefinitely. 

In addition to an increased amount of debt, businesses in this situation often accrue additional costs in the form of penalties, fines, and late fees. 

## The Receivership Remedy for Distressed Businesses

In many situations, a receivership can address many of these stressful questions by removing the burden of responsibility from the business owners and placing it into the hands of a qualified and experienced receiver.

While no one hopes to find themselves facing court-ordered solutions to their business crises, there can be relief that comes with relinquishing responsibility to someone like a receiver. Additionally, the receiver has no emotional connection to the business, which means that it is easier for them to make difficult decisions about what should be done.

The California Code of Civil Procedure §564 governs the receivership process. According to this code, the [court may appoint a receiver](https://blog.griswoldreceivers.com/2020/05/appointment-of-a-receiver-distressed-businesses-corporate-dissolution-and-liquidation-of-assets) in situations where a corporation meets at least one of the following conditions:

- The business has been dissolved
- The business is insolvent
- The business is in immediate danger of insolvency
- The business has forfeited its corporate rights

A court-appointed receiver is a neutral third party whose role is to take possession of and manage either real property, corporate assets, or both. 

Court Rule 3.1179 states that a receiver holds those assets “for the benefit of all who may have interest in the receivership property.” This means that the receiver’s main responsibility is to manage the assets while working to address the business’s debts, operational integrity and stakeholder concerns. 

### Responsibilities of a Receiver

Receivers may collect debts, receive rents from tenants, make transfers, distribute assets and income, manage business operations, and carry out any orders of the court. 

Receivers also have the authority to resolve conflicts between two or more partners or stakeholders who cannot agree on how to move the company forward or liquidate assets. 

In some circumstances, a distressed business needs to undergo a rapid wind-up and division of assets. The receivership remedy is ideal here because a receiver is able to manage this quickly and efficiently, all while aligning the business with the instructions of a judge.

### Questions About the Receivership Remedy for Distressed Businesses? 

Richardson “Red” Griswold has been appointed by the California courts as a neutral, third-party receiver in more than 300 cases, including those for distressed businesses and properties. 

[Contact us today](https://griswoldreceivers.com/about-griswold-law/#) with questions you have about the receivership remedy and how it may be used to address the looming threat of insolvency. 

 

[![Contact Us](https://hubspot-no-cache-na2-prod.s3.amazonaws.com/cta/default/8226923/4d8ad539-cd1f-4629-98b1-3c779b0c9f70.png)](https://hubspot-cta-redirect-na2-prod.s3.amazonaws.com/cta/redirect/8226923/4d8ad539-cd1f-4629-98b1-3c779b0c9f70)

This is a search field with an auto-suggest feature attached.

- There are no suggestions because the search field is empty.

### Categories

- [Court-Appointed Receivership (69)](https://blog.griswoldreceivers.com/tag/court-appointed-receivership)
- [Real Estate (51)](https://blog.griswoldreceivers.com/tag/real-estate)
- [Partition Referee (29)](https://blog.griswoldreceivers.com/tag/partition-referee)
- [Real Estate Finance (28)](https://blog.griswoldreceivers.com/tag/real-estate-finance)
- [Real Estate Transaction (28)](https://blog.griswoldreceivers.com/tag/real-estate-transaction)
- [Partition Action (25)](https://blog.griswoldreceivers.com/tag/partition-action)
- [Hoarding (23)](https://blog.griswoldreceivers.com/tag/hoarding)
- [Commercial Properties (22)](https://blog.griswoldreceivers.com/tag/commercial-properties)
- [Enforcing Judgments (20)](https://blog.griswoldreceivers.com/tag/enforcing-judgments)
- [receivership (20)](https://blog.griswoldreceivers.com/tag/receivership)
- [Commercial Leases (19)](https://blog.griswoldreceivers.com/tag/commercial-leases)
- [Business Litigation (18)](https://blog.griswoldreceivers.com/tag/business-litigation)
- [Foreclosure Law (17)](https://blog.griswoldreceivers.com/tag/foreclosure-law)
- [Health and Safety receivership (17)](https://blog.griswoldreceivers.com/tag/health-and-safety-receivership)
- [Tenants' Rights (17)](https://blog.griswoldreceivers.com/tag/tenants-rights)
- [Business Owners (15)](https://blog.griswoldreceivers.com/tag/business-owners)
- [Contract Disputes (14)](https://blog.griswoldreceivers.com/tag/contract-disputes)
- [receiver (14)](https://blog.griswoldreceivers.com/tag/receiver)
- [Collections Law (13)](https://blog.griswoldreceivers.com/tag/collections-law)
- [Construction Law (13)](https://blog.griswoldreceivers.com/tag/construction-law)
- [nuisance property (13)](https://blog.griswoldreceivers.com/tag/nuisance-property)
- [Business Formation: Asset Protection (11)](https://blog.griswoldreceivers.com/tag/business-formation-asset-protection)
- [Receivership Remedy (11)](https://blog.griswoldreceivers.com/tag/receivership-remedy)
- [Uncategorized (11)](https://blog.griswoldreceivers.com/tag/uncategorized)
- [abandoned property (11)](https://blog.griswoldreceivers.com/tag/abandoned-property)
- [California (10)](https://blog.griswoldreceivers.com/tag/california)
- [receiverships (10)](https://blog.griswoldreceivers.com/tag/receiverships)
- [health & safety (9)](https://blog.griswoldreceivers.com/tag/health-safety)
- [Loan Modification (8)](https://blog.griswoldreceivers.com/tag/loan-modification)
- [Consumer Class Action (6)](https://blog.griswoldreceivers.com/tag/consumer-class-action)
- [code enforcement (6)](https://blog.griswoldreceivers.com/tag/code-enforcement)
- [fire hazard (6)](https://blog.griswoldreceivers.com/tag/fire-hazard)
- [health and safety code (6)](https://blog.griswoldreceivers.com/tag/health-and-safety-code)
- [healthy & safety receiver (6)](https://blog.griswoldreceivers.com/tag/healthy-safety-receiver)
- [Consumer Fraud (5)](https://blog.griswoldreceivers.com/tag/consumer-fraud)
- [Health & Safety Code (5)](https://blog.griswoldreceivers.com/tag/health-safety-code)
- [Health and Safety Receivership Process (5)](https://blog.griswoldreceivers.com/tag/health-and-safety-receivership-process)
- [health and safety (5)](https://blog.griswoldreceivers.com/tag/health-and-safety)
- [Cannabis (4)](https://blog.griswoldreceivers.com/tag/cannabis)
- [Landlord (4)](https://blog.griswoldreceivers.com/tag/landlord)
- [Marijuana Dispensaries (4)](https://blog.griswoldreceivers.com/tag/marijuana-dispensaries)
- [San Diego (4)](https://blog.griswoldreceivers.com/tag/san-diego)
- [Tenant (4)](https://blog.griswoldreceivers.com/tag/tenant)
- [Trade Secrets (4)](https://blog.griswoldreceivers.com/tag/trade-secrets)
- [abandoned (4)](https://blog.griswoldreceivers.com/tag/abandoned)
- [code enforcement officers (4)](https://blog.griswoldreceivers.com/tag/code-enforcement-officers)
- [court-appointed receiver (4)](https://blog.griswoldreceivers.com/tag/court-appointed-receiver)
- [substandard conditions (4)](https://blog.griswoldreceivers.com/tag/substandard-conditions)
- [vacant (4)](https://blog.griswoldreceivers.com/tag/vacant)
- [Blight (3)](https://blog.griswoldreceivers.com/tag/blight)
- [California receiver (3)](https://blog.griswoldreceivers.com/tag/california-receiver)
- [Employment Discrimination (3)](https://blog.griswoldreceivers.com/tag/employment-discrimination)
- [Employment Law (3)](https://blog.griswoldreceivers.com/tag/employment-law)
- [Fraud against Senior Citizens (3)](https://blog.griswoldreceivers.com/tag/fraud-against-senior-citizens)
- [Health & Safety Code Receiver (3)](https://blog.griswoldreceivers.com/tag/health-safety-code-receiver)
- [Trademark Law (3)](https://blog.griswoldreceivers.com/tag/trademark-law)
- [Vacant Commercial Properties (3)](https://blog.griswoldreceivers.com/tag/vacant-commercial-properties)
- [business disputes (3)](https://blog.griswoldreceivers.com/tag/business-disputes)
- [creditor (3)](https://blog.griswoldreceivers.com/tag/creditor)
- [foreclosure (3)](https://blog.griswoldreceivers.com/tag/foreclosure)
- [hoarder (3)](https://blog.griswoldreceivers.com/tag/hoarder)
- [money judgment (3)](https://blog.griswoldreceivers.com/tag/money-judgment)
- [real estate. california (3)](https://blog.griswoldreceivers.com/tag/real-estate-california)
- [real property (3)](https://blog.griswoldreceivers.com/tag/real-property)
- [rents and profits (3)](https://blog.griswoldreceivers.com/tag/rents-and-profits)
- [slum (3)](https://blog.griswoldreceivers.com/tag/slum)
- [slumlord (3)](https://blog.griswoldreceivers.com/tag/slumlord)
- [Arizona (2)](https://blog.griswoldreceivers.com/tag/arizona)
- [Arizona receiver, (2)](https://blog.griswoldreceivers.com/tag/arizona-receiver)
- [California receivership services (2)](https://blog.griswoldreceivers.com/tag/california-receivership-services)
- [City of San Diego (2)](https://blog.griswoldreceivers.com/tag/city-of-san-diego)
- [Employment Class Action (2)](https://blog.griswoldreceivers.com/tag/employment-class-action)
- [Post-Judgment Receiver (2)](https://blog.griswoldreceivers.com/tag/post-judgment-receiver)
- [abandoned building (2)](https://blog.griswoldreceivers.com/tag/abandoned-building)
- [bankruptcy (2)](https://blog.griswoldreceivers.com/tag/bankruptcy)
- [business (2)](https://blog.griswoldreceivers.com/tag/business)
- [california receivership laws (2)](https://blog.griswoldreceivers.com/tag/california-receivership-laws)
- [code (2)](https://blog.griswoldreceivers.com/tag/code)
- [complaint (2)](https://blog.griswoldreceivers.com/tag/complaint)
- [debt collection (2)](https://blog.griswoldreceivers.com/tag/debt-collection)
- [debtor (2)](https://blog.griswoldreceivers.com/tag/debtor)
- [dispute (2)](https://blog.griswoldreceivers.com/tag/dispute)
- [distressed properties (2)](https://blog.griswoldreceivers.com/tag/distressed-properties)
- [habitability (2)](https://blog.griswoldreceivers.com/tag/habitability)
- [health and saftey code (2)](https://blog.griswoldreceivers.com/tag/health-and-saftey-code)
- [hoarders (2)](https://blog.griswoldreceivers.com/tag/hoarders)
- [hoarding support (2)](https://blog.griswoldreceivers.com/tag/hoarding-support)
- [hotel (2)](https://blog.griswoldreceivers.com/tag/hotel)
- [judgment creditor (2)](https://blog.griswoldreceivers.com/tag/judgment-creditor)
- [judgment debtor (2)](https://blog.griswoldreceivers.com/tag/judgment-debtor)
- [law (2)](https://blog.griswoldreceivers.com/tag/law)
- [multifamily rental properties (2)](https://blog.griswoldreceivers.com/tag/multifamily-rental-properties)
- [negligent landlord (2)](https://blog.griswoldreceivers.com/tag/negligent-landlord)
- [partnership agreement (2)](https://blog.griswoldreceivers.com/tag/partnership-agreement)
- [property (2)](https://blog.griswoldreceivers.com/tag/property)
- [property value (2)](https://blog.griswoldreceivers.com/tag/property-value)
- [public safety (2)](https://blog.griswoldreceivers.com/tag/public-safety)
- [rent (2)](https://blog.griswoldreceivers.com/tag/rent)
- [san diego county (2)](https://blog.griswoldreceivers.com/tag/san-diego-county)
- [tenant rights (2)](https://blog.griswoldreceivers.com/tag/tenant-rights)
- [AB211 (1)](https://blog.griswoldreceivers.com/tag/ab211)
- [Animal Hoarding (1)](https://blog.griswoldreceivers.com/tag/animal-hoarding)
- [Attorneys' Fees Clauses (1)](https://blog.griswoldreceivers.com/tag/attorneys-fees-clauses)
- [Blighted Properties (1)](https://blog.griswoldreceivers.com/tag/blighted-properties)
- [Citrus Heights (1)](https://blog.griswoldreceivers.com/tag/citrus-heights)
- [City of Chula Vista (1)](https://blog.griswoldreceivers.com/tag/city-of-chula-vista)
- [Code Violations (1)](https://blog.griswoldreceivers.com/tag/code-violations)
- [Colorado (1)](https://blog.griswoldreceivers.com/tag/colorado)
- [Colorado receivership (1)](https://blog.griswoldreceivers.com/tag/colorado-receivership)
- [Commercial Receivership (1)](https://blog.griswoldreceivers.com/tag/commercial-receivership)
- [Distressed Business (1)](https://blog.griswoldreceivers.com/tag/distressed-business)
- [Fresno (1)](https://blog.griswoldreceivers.com/tag/fresno)
- [Fresno Receiver (1)](https://blog.griswoldreceivers.com/tag/fresno-receiver)
- [Historic Properties (1)](https://blog.griswoldreceivers.com/tag/historic-properties)
- [Hotel/Motel Recevierships (1)](https://blog.griswoldreceivers.com/tag/hotel-motel-recevierships)
- [Judgment Enforcement Receiver (1)](https://blog.griswoldreceivers.com/tag/judgment-enforcement-receiver)
- [Liquor License Receiverships (1)](https://blog.griswoldreceivers.com/tag/liquor-license-receiverships)
- [Mills Act (1)](https://blog.griswoldreceivers.com/tag/mills-act)
- [Mold (1)](https://blog.griswoldreceivers.com/tag/mold)
- [Neighborgood Blight (1)](https://blog.griswoldreceivers.com/tag/neighborgood-blight)
- [Nevada (1)](https://blog.griswoldreceivers.com/tag/nevada)
- [Nevada receiver (1)](https://blog.griswoldreceivers.com/tag/nevada-receiver)
- [Partition Remedy (1)](https://blog.griswoldreceivers.com/tag/partition-remedy)
- [Post-Judgment Receivership(s) (1)](https://blog.griswoldreceivers.com/tag/post-judgment-receiverships)
- [Receivership in Arizona (1)](https://blog.griswoldreceivers.com/tag/receivership-in-arizona)
- [Reimbursement of Employee Business Expenses (Labor (1)](https://blog.griswoldreceivers.com/tag/reimbursement-of-employee-business-expenses-labor-)
- [The Health and Safety Receivership Process (1)](https://blog.griswoldreceivers.com/tag/the-health-and-safety-receivership-process)
- [Unlawful Detainer (1)](https://blog.griswoldreceivers.com/tag/unlawful-detainer)
- [Unpermitted Construction (1)](https://blog.griswoldreceivers.com/tag/unpermitted-construction)
- [absentee landlord (1)](https://blog.griswoldreceivers.com/tag/absentee-landlord)
- [abstract of judgment (1)](https://blog.griswoldreceivers.com/tag/abstract-of-judgment)
- [account levy (1)](https://blog.griswoldreceivers.com/tag/account-levy)
- [assignment for the benefit of creditors (1)](https://blog.griswoldreceivers.com/tag/assignment-for-the-benefit-of-creditors)
- [bank garnish (1)](https://blog.griswoldreceivers.com/tag/bank-garnish)
- [bank levy (1)](https://blog.griswoldreceivers.com/tag/bank-levy)
- [bitcoin (1)](https://blog.griswoldreceivers.com/tag/bitcoin)
- [board of directors (1)](https://blog.griswoldreceivers.com/tag/board-of-directors)
- [business formation (1)](https://blog.griswoldreceivers.com/tag/business-formation)
- [business owner (1)](https://blog.griswoldreceivers.com/tag/business-owner)
- [city attorney (1)](https://blog.griswoldreceivers.com/tag/city-attorney)
- [collecting judgment (1)](https://blog.griswoldreceivers.com/tag/collecting-judgment)
- [collection (1)](https://blog.griswoldreceivers.com/tag/collection)
- [commercial project (1)](https://blog.griswoldreceivers.com/tag/commercial-project)
- [company (1)](https://blog.griswoldreceivers.com/tag/company)
- [confidential information (1)](https://blog.griswoldreceivers.com/tag/confidential-information)
- [confidentiality agreement (1)](https://blog.griswoldreceivers.com/tag/confidentiality-agreement)
- [covid-19 (1)](https://blog.griswoldreceivers.com/tag/covid-19)
- [cryptocurrency (1)](https://blog.griswoldreceivers.com/tag/cryptocurrency)
- [deceased owner (1)](https://blog.griswoldreceivers.com/tag/deceased-owner)
- [demolition (1)](https://blog.griswoldreceivers.com/tag/demolition)
- [diliberti (1)](https://blog.griswoldreceivers.com/tag/diliberti)
- [disposable earnings (1)](https://blog.griswoldreceivers.com/tag/disposable-earnings)
- [family law (1)](https://blog.griswoldreceivers.com/tag/family-law)
- [general partnership (1)](https://blog.griswoldreceivers.com/tag/general-partnership)
- [habitability requirements (1)](https://blog.griswoldreceivers.com/tag/habitability-requirements)
- [hospitality assets (1)](https://blog.griswoldreceivers.com/tag/hospitality-assets)
- [human smuggling (1)](https://blog.griswoldreceivers.com/tag/human-smuggling)
- [illegal business (1)](https://blog.griswoldreceivers.com/tag/illegal-business)
- [illegal cannabis dispensary (1)](https://blog.griswoldreceivers.com/tag/illegal-cannabis-dispensary)
- [illegal gambling parlor (1)](https://blog.griswoldreceivers.com/tag/illegal-gambling-parlor)
- [initial inspection (1)](https://blog.griswoldreceivers.com/tag/initial-inspection)
- [joseph diliberti (1)](https://blog.griswoldreceivers.com/tag/joseph-diliberti)
- [judgment (1)](https://blog.griswoldreceivers.com/tag/judgment)
- [judgment collection (1)](https://blog.griswoldreceivers.com/tag/judgment-collection)
- [judgment lien (1)](https://blog.griswoldreceivers.com/tag/judgment-lien)
- [lease term (1)](https://blog.griswoldreceivers.com/tag/lease-term)
- [levy (1)](https://blog.griswoldreceivers.com/tag/levy)
- [lien (1)](https://blog.griswoldreceivers.com/tag/lien)
- [liquidation (1)](https://blog.griswoldreceivers.com/tag/liquidation)
- [litigation (1)](https://blog.griswoldreceivers.com/tag/litigation)
- [lodging properties (1)](https://blog.griswoldreceivers.com/tag/lodging-properties)
- [massage parlors (1)](https://blog.griswoldreceivers.com/tag/massage-parlors)
- [misappropriation (1)](https://blog.griswoldreceivers.com/tag/misappropriation)
- [motel (1)](https://blog.griswoldreceivers.com/tag/motel)
- [new business (1)](https://blog.griswoldreceivers.com/tag/new-business)
- [nuisance abatement (1)](https://blog.griswoldreceivers.com/tag/nuisance-abatement)
- [occupant relocation (1)](https://blog.griswoldreceivers.com/tag/occupant-relocation)
- [partnership (1)](https://blog.griswoldreceivers.com/tag/partnership)
- [partnership disputes (1)](https://blog.griswoldreceivers.com/tag/partnership-disputes)
- [provisional director (1)](https://blog.griswoldreceivers.com/tag/provisional-director)
- [public nuisance (1)](https://blog.griswoldreceivers.com/tag/public-nuisance)
- [real property lien (1)](https://blog.griswoldreceivers.com/tag/real-property-lien)
- [real property receiver (1)](https://blog.griswoldreceivers.com/tag/real-property-receiver)
- [relocation (1)](https://blog.griswoldreceivers.com/tag/relocation)
- [rental (1)](https://blog.griswoldreceivers.com/tag/rental)
- [repair (1)](https://blog.griswoldreceivers.com/tag/repair)
- [residential zoning laws (1)](https://blog.griswoldreceivers.com/tag/residential-zoning-laws)
- [retail center (1)](https://blog.griswoldreceivers.com/tag/retail-center)
- [right of possession (1)](https://blog.griswoldreceivers.com/tag/right-of-possession)
- [safety (1)](https://blog.griswoldreceivers.com/tag/safety)
- [san diego real estate (1)](https://blog.griswoldreceivers.com/tag/san-diego-real-estate)
- [sex trafficking (1)](https://blog.griswoldreceivers.com/tag/sex-trafficking)
- [short-term rental (1)](https://blog.griswoldreceivers.com/tag/short-term-rental)
- [sober living house (1)](https://blog.griswoldreceivers.com/tag/sober-living-house)
- [struggling hotels (1)](https://blog.griswoldreceivers.com/tag/struggling-hotels)
- [substandard hotel (1)](https://blog.griswoldreceivers.com/tag/substandard-hotel)
- [sunnyvale (1)](https://blog.griswoldreceivers.com/tag/sunnyvale)
- [tenancy (1)](https://blog.griswoldreceivers.com/tag/tenancy)
- [unlicensed in-home business (1)](https://blog.griswoldreceivers.com/tag/unlicensed-in-home-business)
- [wage garnishment (1)](https://blog.griswoldreceivers.com/tag/wage-garnishment)
- [warranty of habitability (1)](https://blog.griswoldreceivers.com/tag/warranty-of-habitability)
- [weed abatement (1)](https://blog.griswoldreceivers.com/tag/weed-abatement)
- [writ of execution (1)](https://blog.griswoldreceivers.com/tag/writ-of-execution)

See all

### Recent Posts

![favicon](https://blog.griswoldreceivers.com/hubfs/logos/favicon.png "favicon")

**San Diego, California**:  
171 Saxony Road, Suite 205  
Encinitas, CA 92024  
Ph: (858) 481-1300

**Las Vegas, Nevada:**  
625 S 6th Street  
Las Vegas, Nevada 89101  
Ph: (702) 315-4241

**Reno, Nevada:**  
1 East Liberty, Suite 600  
Reno, Nevada 89501  
Ph: (775) 237-2003

**Phoenix, Arizona:**  
3838 N Central Avenue Suite 900  
Phoenix, Arizona 85012  
Ph: (480) 237-9088

#### Recent Posts

*No communication via email or content posted on this website creates an attorney-client privilege. The information on this website is purely hypothetical. The information on this website should not be relied upon. If you have legal questions or are seeking legal assistance, you should contact an attorney immediately.*

[![Griswold-Final-w-Cities-WHITE](https://blog.griswoldreceivers.com/hs-fs/hubfs/Griswold-Final-w-Cities-WHITE.png?width=320&height=67&name=Griswold-Final-w-Cities-WHITE.png "Griswold-Final-w-Cities-WHITE")](https://griswoldreceivers.com/)

<https://www.facebook.com/griswoldreceivers> <https://www.linkedin.com/company/griswold-receivers> <https://www.youtube.com/channel/UCOqHbZZs0k-EofwjDEFz--Q> <https://www.instagram.com/griswold.receivers/>

```json
{
  "@context" : "https://schema.org",
  "@type" : "BlogPosting",
  "author" : {
    "@type" : "Person",
    "name" : "Richardson “Red” Griswold",
    "url" : "https://blog.griswoldreceivers.com/author/redgrissand"
  },
  "dateModified" : "2026-02-23T17:28:06.646Z",
  "datePublished" : "2023-03-02T15:38:38.000Z",
  "headline" : "What Is a Distressed Business, and How Can Receivership Help?",
  "mainEntityOfPage" : {
    "@id" : "https://blog.griswoldreceivers.com/what-is-a-distressed-business-and-how-a-receivership-can-help",
    "@type" : "WebPage"
  },
  "publisher" : {
    "@type" : "Organization",
    "logo" : {
      "@type" : "ImageObject",
      "url" : "https://blog.griswoldreceivers.com/hubfs/Griswold-email-footer.jpg"
    },
    "name" : "Griswold Receivers"
  }
}
```

```json
{
  "@context" : "https://schema.org",
  "@type" : "WebSite",
  "name" : "Griswold Receivers",
  "url" : "https://blog.griswoldreceivers.com/"
}
```