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Focus (Forum & Focus)

Oct. 24, 2008

The Receiving End

Receivers can provide a powerful tool to business litigators who seek to preserve a business or property in dispute pending the outcome of litigation, write Shannon Z. Petersen and Robert D. Richley. - Focus Column

FOCUS COLUMN

By Shannon Z. Petersen and Robert D. Richley

A receiver is a person appointed by a court of law to act as an agent of the court as a custodian of another person's property. While often appointed in bankruptcy proceedings, a court can appoint a receiver whenever there is a danger that property may be lost, removed or damaged pending litigation. A receiver can be appointed over any form of property, including real property, rental prop...

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