Posted in: Corporate Receiverships

Corporate Receiverships

Just as the banks collapsed in the 2000’s as a result of the subprime mortgage crisis, companies and corporations can collapse for a variety of reasons. As an example, a lumber mill in Colorado was struggling economically and about to go under, but before it went under a receiver was appointed to preserve the company. In this case, the Receiver was able

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Posted in: Corporate Receiverships, Court Appointed Receiver, Criminal Receiverships, Health and Safety Receiverships, Post-Judgment Receiverships, Rents and Profits Receiverships, Trust and Estates Receiverships

What is a Court Appointed Receiver?

When people hear the term receiver they may think of NFL Hall of Famer Jerry Rice, but a Court-Appointed Receiver is a whole other ball game. The use of Court-Appointed Receivers began in the Old English Chancery Courts and were often used to take control of an estate that did not have an heir. For example, in the 1500s when a King

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