Who can benefit
Synovus LIDS advisors have decades of experience across the full spectrum of fiduciary banking.
- 1031 qualified intermediaries
- Assignees
- Bankruptcy trustees (both Chapters 7 and 11)
- Chief restructuring officers
- Class action qualified settlements
- Disbursing agents
- Liquidating trustees
- State and federal court receivers
Industry leaders
Synovus LIDS team members are active in the industry’s top associations, allowing them to quickly assemble the right experts for your situation.
Tailored Solutions
Strategies and insights customized to your engagement
Specialized advice
Restructuring professionals who can efficiently integrate with your team
Nationwide Reach
A deep network of trusted partners for when time is at a premium
Frequently asked questions
What is a receivership?
A receivership is a court-appointed tool that can help troubled businesses avoid bankruptcy and assist creditors in recovering funds in default. It can also be part of a restructuring process a company initiates to restore profitability.
How is receivership different from bankruptcy?
These two terms are often confused. Bankruptcy is typically initiated to prevent a debtor from collection actions by creditors. Bankruptcy proceedings focus on shielding the borrower, whereas the goal of receivership is to protect the lender.
Why is the selection of a banking partner important?
Even when a company’s original banking partner has done nothing wrong, bringing in a different bank specifically for receivership proceedings eliminates conflicts of interest that would need to be resolved, a process that could delay restructuring.
Let’s talk.
Contact Rick Arbuckle, Senior Director, Wholesale Banking at Synovus
(770) 468-8271
RichardArbuckle@synovus.com