1
The finance team is gone
Invoices still need to go out and payments still need to be applied, with no one left to do it.
Accounts receivable collection and servicing for bankruptcy, receivership and CCAA estates. We help trustees, receivers and monitors verify, service and recover estate receivables, and buy them when a sale is the better outcome.
Accounts Serviced and
Recovered
$3.8+ Billion
Decades of Expertise
35+ Years
Global Reach
140+ Countries
Data Security and Controls
SOC 2 Type 2
Receivables lose value every week they sit. These are the situations we’re called in for most often.
1
Invoices still need to go out and payments still need to be applied, with no one left to do it.
2
Aging reports that don’t match reality, disputed balances and debtors that can’t be confirmed.
3
Excluded receivables, post-closing collections and working-capital adjustments still to settle.
4
Customers in other provinces, states or countries, with different laws, languages and time zones.
One partner, two exits for the estate. We start by recovering at full value, and stand ready to purchase when certainty matters more.
Exit one
Recover at full value, under your direction.
Contingency-based. The estate pays on what we recover.
Exit two
Certainty and speed when a sale serves the estate better.
Available at any stage of the proceeding.
Assess
Review the receivables and recommend an approach
Service
Run billing, cash application and collections
Recover
Pursue delinquent and residual balances
Buy
Purchase what remains, if the estate prefers
Everything we do is designed to hold up to the scrutiny of the court, the lenders and the creditors.
Confirm debtors and balances, resolve disputes and flag accounts that can’t be verified, even when management’s records are incomplete.
Billing, cash application, lockbox and collections, run by our team when the debtor’s finance staff are reduced or gone.
Work accounts in the estate’s name to protect customer relationships, or as a collection agency for aged balances.
We focus effort on the accounts most likely to pay, so the estate sees cash sooner.
We enforce judgments and settlements on the estate’s behalf, and we buy them when a sale is the better outcome.
Account-level activity and recoveries in a format you can put before the court, backed by SOC 2 Type 2 controls.
We work across the United States and Canada, bringing familiarity with local languages, time zones, and legal systems to cross-border receivables recovery. For debtors in other regions, our network of collection professionals across more than 140 countries extends our reach worldwide.
Canada
Receivers, trustees and monitors
United States
Chapter 7 and Chapter 11 estates
Cross-border
Debtors on either side of the border
Worldwide
Local offices in 140+ countries
At any point in the life of a receivable, from the first missed payment to the final distribution.
Current
First-party servicing and billing so current accounts keep paying.
Aging
Early intervention as accounts move past terms, before value erodes.
Delinquent
Third-party recovery of past-due and disputed balances, domestic or international.
Monetize
Purchase of the remaining portfolio when an outright sale is right.
They become assets of the estate, controlled by the receiver, trustee or monitor. The court officer collects them, sells them, or does both, and the proceeds are distributed to creditors. Because receivables lose value quickly once a business fails, most court officers act on them early, often with an outside servicer such as Cedar Financial.
Yes. Receivers, trustees and monitors routinely retain collection agents and servicers to recover estate receivables, typically under the powers in their appointment order or with court approval where it is required. Cedar works under an engagement letter with the court officer and reports in a form suitable for the court.
The Chapter 7 trustee. The debtor’s receivables are property of the estate, and the trustee is responsible for collecting them, often by retaining a collection agency or servicer with court approval. Cedar supports Chapter 7 and Chapter 11 trustees, liquidating trusts and their counsel.
Bankruptcy trustees, court-appointed receivers, CCAA monitors, Chapter 11 chief restructuring officers and liquidating trustees, along with the lenders and counsel who support them, in Canada and the United States.
Yes. We can work accounts first-party, in the estate’s name, which protects customer relationships during a sale process. We can also work as a third-party collection agency, which suits aged and disputed balances.
Yes. Most estates we serve have debtors in Canada and the United States, and we work both sides of the border every day. For debtors further away, we have in-country collectors in more than 140 countries, working in the debtor’s language, time zone and legal system.
Most engagements are contingency-based, so the estate pays only on what we recover. Rates depend on whether we service first-party or third-party, commercial or consumer debt, the age and stage of the accounts, balance sizes, and where debtors are located. We provide a proposal specific to each matter after reviewing the receivables.
Yes. When an outright sale serves the estate better, we purchase eligible receivables portfolios, residual accounts after servicing, and judgments and settlements.
Yes. After reviewing and verifying the receivables, we deliver a written recovery valuation as a separate engagement.
Cedar Holdings is SOC 2 Type 2 certified. We work under an NDA and an engagement letter with the trustee, receiver or monitor.
Share the details, and our insolvency team will be in touch within one business day.
"*" indicates required fields
Tell us about the receivables. We’ll review the book and recommend the right approach for the estate. Full account verification and written recovery valuations are available on request.