When the dispensary is failing, a receiver gets creditors paid. Cannabis businesses can't file federal bankruptcy. That leaves state-court receivership as the primary tool for an insolvent dispensary, distributor or cultivator. On a creditor's motion, the court appoints a neutral receiver who takes control of the business — cash, inventory, license, operations — preserves value, sells assets and distributes proceeds to creditors under court supervision. The owner can no longer drain the accounts, move inventory to a friendly licensee, or run the business into the ground while you wait for a judgment.
When to pursue one
- The retailer is behind with multiple vendors and still ordering
- Ownership is moving cash, inventory or the license to a new entity
- The business stopped operating but still holds inventory and a license
- You have a judgment or attachment and the debtor is dissipating assets
- A creditor group wants an orderly, court-supervised liquidation
What Delta Filings does
- Creditor-side receivership motions. We build the record — unpaid invoices, evidence of insolvency and dissipation — and licensed counsel moves the court, ex parte where the facts justify it.
- Receivership-ready collections. Every cannabis file is worked so receivership is available if the debtor collapses.
- Support for receivers. We collect the receivable books of businesses in receivership and buy or take assignment of cannabis AR from estates.
Why speed matters. Cannabis inventory is perishable, licenses can be surrendered, cash is portable. The creditor who moves first for attachment and receivership gets paid. Everyone else gets a claim in a pile. Upload the invoice now.
Three ways to start — pick your speed
| Step | What you get | Cost |
|---|---|---|
| 1. Free Debtor Check | Give us the debtor's name and state. Within 1 business day we tell you whether they're still operating, whether other creditors are already suing them, and whether your account is collectible. No invoice needed. | Free |
| 2. Free Assessment & Rate | Upload the open invoice. Within 1 business day you get our assessment of the account and our exact contingency rate, in writing. | Free — no obligation |
| 3. Place the Account | Full contingency collection: demand within 48 hours, suit by licensed counsel, writ of attachment, default judgment, enforcement, receivership. Typically paid in full within 90 days. | No recovery, no fee. Low, Low Rate Guarantee |
