Taft Minneapolis partner John McDonald spoke at the Commercial Receivers Association (CRA) Annual Conference in St. Louis on the topic of Dealing With Intransigent Parties in Receiverships. Receivership is and continues to be a viable option for creditors to reclaim their interests in financially distressed companies. The CRA is spearheading an effort to adopt uniform receivership laws and allow for a consistent source of information about the movement in that space throughout the country. Its mission is to help improve the use of commercial receiverships nationally and in each state in which it operates.
John is a commercial insolvency attorney who focuses his practice principally in the areas of Bankruptcy, Workout, Creditors’ Rights, Distressed Transactions, and Financial Litigation. During his 38 years in practice, he has represented virtually every type of interested party in insolvency-related matters across the country, encompassing all manner of contested bankruptcy/adversary proceedings, state and federal receiverships, real estate and Article 9 foreclosures, distressed asset sales, assignments for the benefit of creditors, and multi-billion dollar Ponzi scheme clawback defense.