Posted in: Rents and Profits Receiverships

Rents and Profits Receiverships

Another way the receivership remedy is utilized is through rents and profit receiverships. A rents and profits receivership is typically used when a bank seeks to foreclose, but the property is worth less than the debt it secures. When the property is underwater a rents and profits receiver can be appointed to preserve the property and collect rents if necessary. A rents

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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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