In law, receivership is the situation in which an institution or enterprise is being held by a receiver, a person "placed in the custodial responsibility for the property of others, including tangible and intangible assets and rights. " Various types of receiver appointments exist:

· a receiver appointed by a (government) regulator pursuant to a statute;

· a privately-appointed receiver; and

· a court-appointed receiver.

The receiver's powers "flow from the document(s) underlying his appointment - a statute, financing agreement, or court order. 
Our partners have been appointed as a receiver by the courts and clients in dozens of cases. We provide the accounting and financial expertise necessary for asset management, operational control, and the often unanticipated additional challenges which arise in receivership situations.

Tax Controversies

"Anyone may arrange his affairs so that his taxes shall be as low as possible; he is not bound to choose that pattern which best pays the treasury. There is not even a patriotic duty to increase one's taxes. Over and over again the Courts have said that there is nothing sinister in so arranging affairs as to keep taxes as low as possible. Everyone does it, rich and poor alike and all do right, for nobody owes any public duty to pay more than the law demands." 
- Judge Learned Hand - (1872-1961), Judge, U.S. Court of Appeals. 
Notwithstanding Judge Hand's astute observation, controversy seems to arise in virtually every aspect of Local, State, Federal and International taxation
Our group's deep understanding of the tax law and the underlying accounting issues can help clients resolve many types of tax issues both in and out of litigation. We have broad experience with all types of tax situations applicable to individuals, non-profit organizations, partnerships, corporations, limited liability companies, estates, and international tax concerns.

Affiliations

·American Institute of Certified Public Accountants

·Michigan Association of Certified Public Accountants

·Association of Certified Fraud Examiners

·Association of Insolvency Accountants

·National Association of Bankruptcy Trustees

·National Association of Certified Valuation Analysts

·Michigan Council of Private Investigators

Amidst the challenges of operating a business and maintaining a household in demanding economic times, clarity of vision in the decision making process is absolutely essential. Unfortunately, success is never guaranteed and controversy often arises in the form of business liquidation, marital dissolution and thorny tax problems. With an in-depth understanding of the courts; receivership; bankruptcy proceedings; taxes; and civil and criminal litigation; The Fraud Group can provide the perspective clients, counsel and advisors desperately need.

Contact Info: 2232 S. Main St., No. 411
Ann Arbor, MI 48103

Tel 877.TFG.1166
Fax 866.789.7175

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Dave Hammel - Legal Insider: Chapter 1

Dave Hammel - Legal Insider: Chapter 2

Dave Hammel - Legal Insider: Chapter 3

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* Featured Article - 'Expert Discovery Returns to the Past' was written by Damon W.D. Wright - Venable LLP, dwdwright@venable.com, (202 344-4937)