Amicus Management provides an effective alternative to bankruptcy or makes a necessary bankruptcy less damaging through court-appointed receivership and turnaround management. Since 1993, Amicus Management and its founder Daniel Yeomans have handled more than 700 receivership cases or turnaround management situations as a court-appointed receiver, business manager, and advisor in loan workouts. A receiver is a firm or individual to whom the court assigns custodial responsibility for assets that often serve as collateral for loans. The receiver takes on the responsibility of leasing, maintaining, managing and perhaps selling the assets. Receivership often proves a faster, cheaper option for disposing properties than foreclosure or so-called "363 sales," named for the section of the Federal Bankruptcy Code. Receivership can be an effective alternative to bankruptcy for creditors, attorneys and business owners who want to maximize the value of distressed assets.