Chapter 7 and other bankruptcy trustees
Review existing policies, reporting deadlines and the insurance needs of the estate.
Who we serve
We work with receivers, bankruptcy trustees, assignees, lenders, counsel and advisers managing distressed assets or operating businesses, including court-supervised and out-of-court workouts.
State and federal court-appointed receivers
Align the insurance review with the appointment order, assets and ongoing operations.
Counsel to trustees and receivers
We help counsel understand the material coverage questions in plain language and the options available to the fiduciary.
Operating businesses under fiduciary control
Review and placement of coverage as control, management, staffing, and operations change.
Explore operating business coverage →Estates holding vacant, distressed, or transitional property
Property coverage for vacant buildings, facilities, and real estate held or managed during an assignment.
Explore property coverage →Lenders and special-assets teams
Insurance support for troubled credits, collateral preservation, lender-placed alternatives and recovery budgets.
Insurance support for lenders →Assignees and restructuring professionals
Insurance review and placement coordination for assignments for the benefit of creditors and other out-of-court workouts. The operating plan, authority and expected exit define the review.
Proposed appointment, active case or workout?
Start with the assets or operations, the expected exit and the immediate deadline.
Discuss an assignment
Why it matters
When control changes, someone has to own the insurance work.
A receiver inherits a business, an insurance program and the assumptions behind it. Those assumptions deserve a fresh look.
The incumbent team may remain valuable. But changed relationships, reduced operations and an uncertain renewal can leave servicing, remarketing and follow-through without a clear owner. Fiduciary Bridge is built to support the professionals responsible for the next chapter.
We review coverage across the operation, identify the actions that need attention and compare available options with the assignment’s cash needs. The goal is to preserve value available for creditors, victims and other entitled stakeholders.
How we work →
For lenders and special-assets teams
Protect the collateral. Preserve the recovery.
Insurance support for troubled credits, receiverships and workouts, built around the assets as they exist today.
The original assumptions need a fresh look.
A credit may have been underwritten when the borrower was fully staffed, its buildings occupied and its business growing. By the time a workout begins, the assets, operations and cash available for insurance may look very different.
Fiduciary Bridge helps lenders and restructuring professionals connect the current risk, the insurance terms and the recovery budget. We review protection across the business and property, including the interests that need to be insured.
Evaluate the options before the next premium commitment.
Lender-placed insurance can serve an important collateral-protection purpose. Its cost, insured interests and scope still need review. It may protect only the lender or provide limited dual-interest protection; it should not be assumed to cover the operating business’s broader liabilities.
We assess available alternatives alongside the incumbent coverage, the loan’s requirements and the actual property or business risk. The comparison includes premiums, deductibles, retentions, exclusions, minimum-earned amounts, financing and exit timing. Any replacement must be coordinated to maintain required protection.
Availability and pricing depend on underwriting. We pursue appropriate, economical protection and make the tradeoffs clear.
What the review brings to the recovery.
Current facts in the underwriting file.
Confirm occupancy, values, safeguards, activities and the expected hold or sale period.
A clearer picture of protection.
Check named insureds, mortgagee and loss-payee provisions, relevant exclusions and the coverage needed by the business and its appointed professionals.
Cash consequences made visible.
Identify duplication, outdated exposures and potential gaps. Compare the total cost of available choices with the workout budget.
A person responsible for follow-through.
Set priorities, contacts and deadlines for the agreed work through operations, sale and closeout.
Work with the appointed professional.
Where a receiver or trustee is involved, we coordinate within the appointment’s authority and the agreed engagement. We identify who the client is and address conflicts if lender and estate interests diverge.
The objective is to preserve value for those entitled to the recovery. Insurance decisions belong in that analysis.
Discuss a troubled credit