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ASQ Synergy for Success virtual conference, Tuesday, July 22, 2025, Process Excellence Session track, presented by Frank Murdock. In a typical receivership, a third-party consultant is called in by the bankruptcy court to manage the ongoing operations and either facilitate the sale of the company to another business or liquidate the assets and distribute the revenue resulting from the sale to the creditors. A description of this process, along with reflections and learnings on how to prevent the bankruptcy in the first place, is presented in the context of a small Midwest manufacturer of custom equipment to two large, automated equipment manufacturers/ integrators. This is done through the lens of the Lean Value Chain principles.