The Receivership Process: A Visual Guide
At FedReceiver, a common question our court-appointed receivers get asked is, “how exactly does receivership work?” While there are many different types of receivership cases we can administer, the process of appointing a receiver is uniform. Whether you require a receiver for rents, issues & profits, government enforcement actions, or a marital dissolution, there are nine key steps involved with appointing a receiver in your case.
The nine steps to appointing a receiver begin with identifying the dispute and deciding whether or not a receiver is necessary. From there, the party will seek out a qualified receiver, prepare the necessary papers, and file a motion with the court. If the judge grants authority for the receiver to be appointed, the court will issue an order appointing the receiver. In the final stages, the newly-appointed receiver qualifies to serve on the case by filing an oath and bond with the court, and ultimately commences duties.
Take a look at our below infographic, which further explains the nine stages of appointing a receiver. For more information on our receivership services, contact our offices today.