This website is devoted solely to Phillip Stenger’s “Receivership Sourcebook” and can be easily reviewed by clicking on individual chapter designations or simply download a full version of "
Phil Stenger's Sourcebook of Receivership Law & Practice
" in PDF format.
Phillip S. Stenger has been awarded Martindale-Hubbell’s highest rating, “AV” and is admitted to practice law in Michigan, Kentucky, Georgia and Minnesota. Mr. Stenger is the senior principal of the law firm of Stenger & Stenger, P.C., which he founded in 1994. Mr. Stenger’s expertise is in receivership law and administration, creditors’ rights and general corporate law. Mr. Stenger is the creator of the Receivership Sourcebook, which is a desk reference to receivership law and is now in its fourth edition. The Sourcebook can also be found online at www.receiverinfo.com. Mr. Stenger also publishes an on-line receivership newsletter entitled the Receivership Alert. Mr. Stenger has worked extensively in the area of creditors’ rights and has been appointed receiver in numerous actions filed by the United States Securities and Exchange Commission, the Federal Trade Commission and the Department of Justice. As receiver, he has operated and/or liquidated a 28 store chain consumer retail lending operation located in 7 states throughout the South, a fixed based airport operation in Georgia, and a vintage car restoration business located in Kentucky. He has also liquidated a variety of assets throughout the United States and internationally including jet aircrafts, a yacht, race horses, real estate, automobiles, vintage cars, oil and gas properties, stocks and bonds, art works, jewelry, and a wide variety of personal property. Mr. Stenger also has extensive experience in cross border liquidations with an emphasis in the Cayman Islands where he is acting as liquidator for 57 companies involved in a massive international Ponzi scheme. He is also serving as receiver and Cayman Islands’ liquidator for hedge funds involved in a massive valuation fraud. Mr. Stenger has also served as settlement administrator of a $67.5 million settlement of a claim against an offshore bank and overseen the distribution of funds to investors in SEC actions.
In 2004, Mr. Stenger spoke at the Annual Bankruptcy Seminar for the Federal Bar Association of the Western District of Michigan and presented a paper entitled, “Strategies to Reclaim Fraudulently Diverted Assets In Foreign Jurisdictions.” Mr. Stenger also spoke at the 2004 “Offshore Alert Third Annual Due Diligence and Asset Recovery Symposium” and presented a paper entitled “Failing To Comply With General Liability Laws.” In 2006, Mr. Stenger spoke at the 13th annual Northeast Bankruptcy Conference where he presented a paper entitled The Basics of Receivership Law. Mr. Stenger received his undergraduate degree in Business Administration (concentration in accountancy) from the University of Notre Dame in 1985, his law degree from Wayne State University in 1988 and his Masters in Taxation from Grand Valley State University in 1992. He is Board Certified in Creditors’ Rights Law by the American Board of Certification, sat for and passed all four parts of the Certified Public Accountancy Examination and is a licensed real estate broker. Mr. Stenger is also a member of the Academy of Special Masters. Mr. Stenger was admitted to the State Bar of Michigan in 1988, and also has been admitted to practice before the Western and Eastern Federal District Courts of Michigan, the Northern Federal District of Court of Illinois, the United States Third, Sixth, Seventh and Eleventh Circuit Court of Appeals and the United States Supreme Court.