National Provider of Business Credit

When the client learned that the owner/employees of its borrower, a multistate, multi-location provider of health care transportation services, were planning to start a competing enterprise and abandon efforts to repay loans made by the client, FBT attorneys were able to have a receiver appointed for the business and to temporarily prevent the startup of any competing operation. With this breathing room, the receiver was able to sell the assets, some as a going concern, and maximize the client’s recovery.