Because Receivers are neutral Officers of the Court, they only answer to the Judge.
Receivers are court appointed to be a neutral intermediary, but to get to the facts and make things happen quickly. Their neutral status can be a benefit when trying to resolve disputes between stalled or difficult arguing parties. Because of the Receiver’s significant powers, they frequently find it easier to negotiate with the Creditor and Debtor, and/or their Attorneys, and find ways to resolve “sticking points” that occasionally get in the way of an agreement. When a Receiver is appointed, the everyone knows the Court or the Judgment Creditor means business and will take matters into its own hands (via the Receiver) if everyone can’t agree. This can make closing a difficult door easier… for everyone. A Receiver can also help save money instead of wasting too much on attorney fees; the Receiver has full authority of the Court and can force things to happen if the Receiver wants, particularly on any stalled lawsuit or lien enforcement effort. For information how a Court Appointed Receiver may help you, whether for a lawsuit, or for judgment enforcement, contact us today.