In law, receivership is the situation in which an institution or enterprise is being held by a receiver, a person "placed in the custodial responsibility for the property of others, including tangible and intangible assets and rights. " Various types of receiver appointments exist:
  • a receiver appointed by a (government) regulator pursuant to a statute;
  • a privately-appointed receiver; and
  • a court-appointed receiver.
The receiver's powers "flow from the document(s) underlying his appointment - a statute, financing agreement, or court order.

Our partners have been appointed as a receiver by the courts and clients in dozens of cases. We provide the accounting and financial expertise necessary for asset management, operational control, and the often unanticipated additional challenges which arise in receivership situations.
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