A Court Appointed Las Vegas Partnership Dispute Receiver Is Here to Help
From breach of fiduciary duty to fraudulent asset transfers, our experienced Las Vegas Partnership Dispute Receivers have worked on complex legal disputes involving LLCs, partnerships, and closely held corporations. Our team acts as a neutral fiduciary to stabilize business operations, protect assets, and maintain transparency throughout litigation.
Here’s how a Las Vegas Partnership Dispute receiver can help you:
In Nevada, partnership and LLC receivership appointments are generally governed by NRS Chapter 32 – Receivers. When the court appoints a Las Vegas partnership dispute receiver, the receiver often acts as an equity receiver—taking over 100% control of the entity’s operations and assets. This role places the receiver in the position of a neutral manager, responsible for making day-to-day and strategic decisions under court supervision. Typically, the receiver’s primary duty is to maintain stability between disputing parties while the litigation is pending. Unlike the parties themselves, assets are safeguarded by the court through the receiver, ensuring neutrality and protection for creditors and stakeholders.
Nevada law outlines multiple circumstances under which a court may appoint a receiver:
- In cases involving a fraudulent purchase of property or where a creditor seeks to secure property or funds at risk of being lost or mismanaged.
- When a secured lender pursues foreclosure on real property and there is concern that the asset could be diminished in value or mishandled before resolution.
- Post-judgment, to assist in carrying out or enforcing the judgment.
- To manage or dispose of assets during an appeal, ensuring the property is preserved and its value is not compromised.
- Where a corporation has been dissolved and a neutral party is needed to wind up affairs.
- When a company faces insolvency or imminent insolvency, or forfeits its corporate rights.
- In actions involving unlawful detainer of property.
- At the request of a public regulatory agency, when necessary to protect public interest or essential services.
- In any situation where the court determines that receivership is the only viable way to protect property or enforce rights.
- In matters involving healthcare facilities or public welfare concerns, where a receiver is needed to safeguard patients and ensure compliance with health and safety standards.
- When enforcing assignment of rents provisions, allowing the receiver to collect and manage income from real estate while foreclosure is pending.
- In cases brought by an assignee of leases, rents, or profits, to protect financial flows and preserve asset value.
In practice, the most common disputes in Las Vegas partnership receiverships involve:
- Claims between partners who jointly own or manage property or businesses, and
- Cases where a receiver is necessary to protect property rights due to mismanagement or risk of loss.
As an experienced Las Vegas Business Receiver, FedReceiver, Inc. has the expertise to handle these complex disputes with impartiality and efficiency.
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Breach of Fiduciary Duty
Breach of fiduciary duty is a frequent issue in partnership and LLC disputes. This occurs when one party fails to honor their obligation to act in the best interest of others, instead placing their personal interests ahead of partners, members, or shareholders. In these situations, the court may appoint a Las Vegas Court Receiver to step in as a neutral fiduciary and protect all parties involved.
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Vacate Fraudulent Purchase of a property
Receivers may be appointed in cases involving fraudulent conveyances, where one party attempts to transfer property to avoid obligations. A receiver can unwind the transaction, recover assets, and protect creditors’ rights.
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Secured Lender Foreclosure Action
When a borrower defaults on a loan, a secured lender may request the appointment of a Las Vegas Business Receiver to safeguard and manage the property. The receiver ensures proper operations and preserves the property’s value while foreclosure proceedings are underway.
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Judgment Enforcement
Courts may appoint a Las Vegas Judgment Enforcement Receiver after a ruling has been issued. This type of receiver takes control of assets to prevent dissipation or concealment, ensuring compliance with court orders and repayment to creditors.
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After Judgment to Dispose of Property or Preservation Pending Appeal
Receiverships are often essential following a judgment to protect or dispose of assets. A receiver maintains the property’s value during appeals so that the outcome, whether in favor of one party or another, does not diminish the estate’s worth.
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Corporate Dissolution
When a corporation is dissolved, a receiver may be appointed to oversee the process. Duties may include liquidating assets, addressing outstanding debts, and distributing proceeds equitably among shareholders and creditors.
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Corporate Insolvency
If a business becomes insolvent or is on the brink of insolvency, a Las Vegas Court Receiver can act as a neutral fiduciary. The receiver’s role is to protect what remains of the company’s value and to maximize returns for creditors.
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Unlawful Detainer
In both commercial and residential unlawful detainer actions, receiverships can be used to collect rents, manage the property, and prevent further loss while legal disputes continue.
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Public Utilities Request
Although rare, public utility entities may request that a receiver be appointed to ensure continuity of services. This typically arises when regulatory, operational, or financial failures jeopardize the public’s access to essential services.
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Preservation of Property Rights
When property rights are at risk of being wasted, mismanaged, or lost, a receiver may be appointed to step in. The receiver acts as a neutral party, maintaining the asset and ensuring it is preserved for the rightful owners until litigation concludes.
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Health & Safety Code Section 129173
In matters concerning healthcare facilities, a receiver may be appointed to protect patient welfare and maintain compliance with health and safety requirements. Nevada courts may rely on provisions under NRS Chapter 32 – Receivers to ensure that these facilities operate safely during disputes or financial difficulties. For specialized cases, see our Las Vegas Healthcare Receiver services.
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Assignee Under Ans Assignment of Lease, Rents, Issues or Profits
In commercial real estate disputes, a receiver may enforce the rights of an assignee under a lease or rent assignment. This ensures income is collected, managed, and preserved while legal or financial issues are resolved.
When is a Las Vegas Partnership Dispute receiver needed?
A Las Vegas Partnership Dispute Receiver may be appointed in a wide range of conflict situations. Common scenarios include disputes where one partner assumes control of the partnership without the consent or proper election of other members, failure to provide accurate and ongoing financial accountings as required by the operating agreement, or when decision-making is at a standstill due to a voting deadlock. Receivership may also be necessary in cases of self-dealing by one partner to the detriment of others, or when partnership assets are transferred or managed in a way that violates the terms of the agreement.
Clients Who Trusted Us
Get in Touch with a Las Vegas Partnership Dispute Receiver in Today
Locations Served
With cases involving assets throughout the country and internationally, FedReceiver, Inc. provides nation-wide receivership services including international asset recovery.
States with cases/assets include Arizona, California, Colorado, Florida, Hawaii, Idaho, Illinois, Indiana, Massachusetts, Michigan, Montana, Nevada, Ohio, Oregon, Texas, Utah, Virginia, Washington, Wisconsin.
Who needs a court-appointed Las Vegas Partnership Dispute Receiver?
If you are a lender, attorney, investor, government agency or city attorney, FedReceiver,Inc. provides receivership services to address your unique circumstances.
Lender
Defaulted real estate /business loans, collateral and inventory problems, contaminated property may all require the services of a receiver.
Attorney
Corporate, partnership, creditor rights, bankruptcy and transactional attorneys regularly seek out the services of court-appointed receivers.
Defrauded Investor/Consumer
If you are a defrauded investor/consumer, various government agencies may be able to assist with investigating alleged fraud.
Government Agency
State/federal governmental agencies appoint receivers in connection with criminal restitution, health & safety code violation, investor and consumer fraud as well as other regulatory matters requiring the appointment of a receiver.
How we work together
From identifying problems to implementing solutions, our experienced team utilizes its decades of experience, expertise, training and resources to successfully administer its receiver, partition, provisional directorship, dissolution manager and distribution agent cases.
Reach out
Please reach out via our contact page or call us at our Los Angeles corporate office. Our state and federal cases involve assets throughout the county.
Set an Appointment
An initial call will allow for an initial assessment of the proposed case.
Sample Pleadings/Orders
With approximately 800 cases, FedReceiver has a vast library of exemplars including motions seeking appointment of receiver, orders appointing receiver and memorandum of points & authorities.
References
We offer excellent references with local and national law firms, accounting firms and clients.
Court Experience
Given our decades of experience and hundreds of cases, we have appeared in state/federal court and have excellent relationships with numerous courts/judges.
Get to know our expert court receivers in Las Vegas
A family business, founded by James Donell, we are leaders in the receivership industry.
With prior experience as president of the California Receivers Forum (CRF) Los Angeles/Orange County Chapter, President of the National Association of Federal Equity Receivers (NAFER), panel members at receiver conferences, we are leaders in our industry.
Offices
Northern California
Sacramento, CA
Los Angeles
Wilshire Bundy Plaza 12121 Wilshire Boulevard, Subsuit 1120
Phone: 310.207.8481
Stephen J. Donell Los Angeles
President of FedReceiver, Inc., Jalmar Properties, Inc. and Donell Expert Services, Inc.
James H. Donell Los Angeles
Founder and CEO of FedReceiver, Inc. and Jalmar Properties, Inc.
Todd D. Donell Los Angeles
Executive Vice President of FedReceiver, Inc. and Jalmar Properties, Inc.
Sarah R. Bates Los Angeles
Vice President of FedReceiver, Inc. and Jalmar Properties, Inc.
Review the chapter authored by Mr. Donell
Reviving the Financially Distressed Business
Reviving The Financially Distressed Business is the essential guide for business owners and corporate leaders whose companies are under—or anticipating—financial difficulties. See Chapter 11, Receiverships, written by Court Receiver Stephen Donell, CCIM, CPM
Steve Donell’s contribution to the book “Reviving a Financially Distressed Business” reflects not only his expertise as a receiver, but his sound judgment on how receivership can be used to effectively advance a financially troubled business.”
– Brian Davidoff, Esq. Author and Editor