DEALPOINT NEWS - #CRE -1031 Exchange

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Services for Real Estate Pros - DealPoint Merrill - The Merrill Group of Companies
Receivers and Receiverships are frequently overlooked - but should be considered useful and effective tools as a means of alternative dispute resolutions (ADR). In the right situation and with the right receiver the appointment of a receiver can and should be cost effective! Using a court-appointed receiver to manage a business of a closely held corporation is an effective way to preserve the business and provide stability to its employees while the shareholders resolve their disputes. Under the right circumstances, Receivership presents several benefits. Upon appointment – and depending on the responsibilities as outlined in court order - a receiver will take control of the business and secure the assets. The receiver is usually required to report to the court on some predetermined basis, usually monthly.
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The role of a court appointed Receiver is a legal or equitable proceeding in which a receiver is appointed for an insolvent corporation, partnership or individual to protect the consumer interests pursuant to a court order whether it be for rehabilitation or liquidation.