Advanced · Lesson 2 · 7 min
Receiverships
Court-appointed receivers to take possession of assets or operate a business for the creditor's benefit.
Overview
A receivership is the most powerful — and most expensive — judgment enforcement remedy.
Receivers can sell real property, take over operating businesses, and intercept revenue streams.
Receiverships make sense when softer remedies are blocked or distributions are being suppressed.
Key Concepts
- • Pre- vs. post-judgment receivers
- • Limited-purpose vs. general receivers
- • Receiver fees, bond, and reporting
- • Receivership in aid of execution
Examples
Cash-business receiver
A debtor operates a cash-heavy business and suppresses bank deposits. A receiver-in-aid-of-execution can install controls to capture revenue.
Common Mistakes
- • Pursuing receivership before exhausting less expensive remedies.
- • Underestimating receiver fees relative to expected recovery.
Recommended Resources
- • Receivership Use-Case Brief
Educational only. Not legal advice. Judgment enforcement varies by state — consult licensed counsel.