How does the commercial property Court Appointed Receiver satisfy the creditor’s claim?
The commercial property Court Appointed Receiver is mandated by law to use his best efforts to preserve the viability of the property while enforcing the court’s order. Often, the receiver brings a fresh management perspective to the commercial property and can effectively implement accounting practices that benefit the property well beyond the receivership period. It is important to note that the receiver is not an agent of the creditor, but an officer of the court, independent of any interested parties.
