How is the Receiver notifying investors and other creditors of his actions?
Any time the Receiver intends to sell assets belonging to the Estate or take other action that directly affects the Estate, such as releasing an obligation belonging to the Defendants (for example, asking the Court to approve a deed in lieu of foreclosure for a home belonging to Daryl and Jacqueline Hoegel on which they owe well more than it is worth), the Receiver must obtain Court approval. To obtain Court approval, the Receiver files written motions which may or may not be opposed by parties to the case. In addition to the requirement to obtain Court approval to take action affecting the Receivership Estate, the Receiver is required to submit written reports to the Court that disclose the findings and activities of the Receiver. The Receiver’s first report will soon be filed with the Court and will be made available to the public via (1) this Web site; and/or (2) PACER, a public system whereby court documents may be accessed. To notify investors and other creditors of the courses of
