A receiver is a neutral third party appointed by a judge to take custody and control of assets for the purpose of protecting, managing, preserving, or liquidating them under the authority of the Court.
A receiver may be appointed to take control of real estate, personal property, or other assets to protect their value and ensure they are properly managed. Depending on the Court’s order, a receiver may also collect income, make necessary repairs, manage property, sell assets, or pursue claims to recover property that has been wrongfully transferred.
While receivers are often appointed to assist in collecting judgments, a significant part of our work as court-appointed real estate receivers involves preserving, managing, repairing, and ultimately liquidating real estate assets. Our role is to protect the property, address the challenges that may prevent its sale, and carry out the Court’s directives to bring the matter to an orderly resolution.
