JOHN A. DORSEY, a partner at Ferrucci Russo Dorsey in Providence, is a coordinator of the COVID-19 Non-Liquidating Receivership Program. / COURTESY FERRUCCI RUSSO DORSEY
PROVIDENCE – A program ordered by the R.I. Superior Court could offer a needed lifeline to businesses that have been hit hard by losses associated with COVID-19. The COVID-19 Non-Liquidating Receivership Program creates a process through which businesses can gain protection from creditors using a non-liquidating receivership. This means the owner remains in charge of…
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