Due to high levels of leverage, high interest rates with hard-money lenders and delays, the company began to experience serious cash flow troubles and could not monetize its portfolio quickly enough to pay off its debts. The consequence of this was the revenue producing potential of the portfolio was in danger of being lost and materially impaired due to potential foreclosure and mechanics liens. The developer sought an assignment for the benefit of creditors (ABC) and the appointment of a receiver to execute an orderly disposition of properties to maximize value of the estate and recovery for the creditors.