How does a commercial property Court Appointed Receiver manage real property?
Commercial property Court Appointed Receivers are assigned 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 commercial 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.
