How does a receiver manage real property?
Receivers are appointed to manage real property when that property, either through generated income or from sale, is to be used to satisfy a creditor’s claim. If the property is to be sold, the receiver manages the property to preserve its value until the sale is complete. Sometimes, the income produced by the property will be applied toward satisfaction of a creditor’s claim and the receiver’s job is to collect income, pay expenses and otherwise manage the receivership estate.
