A receiver is an arm of the court, appointed as a fiduciary to manage and preserve assets for the benefit of all who are ultimately shown to have an interest therein.
Receivers preserve and protect receivership estate assets — real and personal property, businesses, accounts, investment funds, etc. Receivers must understand receivership law, and they must be prepared to meet the need for immediate property and/or business takeovers. When preservation of estate assets warrants, receivers engage qualified professionals to provide forensic accounting, asset seizure, valuation, liquidation, management, and other services.
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