What's a receiver?
Receivers are entities appointed by courts to take control of assets. They often take over a company, a secured creditor’s collateral, or any other property in need of liquidation or protection. They are considered a neutral party, appointed for the benefit of debtors, creditors, and others interested parties.
I have been involved in numerous lawsuits where a receiver was appointed pursuant to my client’s request. I have also been involved in numerous high-stakes cases where my clients opposed certain acts of the receiver.
If you or your company is affected by a receiver, consult an attorney to evaluate your options as soon as possible. Although receivers are considered an arm of the court, parties affected by receivers have rights and they can intervene, if necessary, to defend those rights in court.