Category: Court Receiverships

You might be wondering, what exactly is a California court appointed receiver? In simple terms, they’re professionals appointed by the court to manage assets or businesses during legal disputes. Why you might need a California court appointed receiver There are various scenarios where a receiver comes into play: Understanding these situations helps you see why…

First, let’s analyze the process by which a court analyzes the request for partition. A partition is, in part, an equitable proceeding.  Any co-owner of a concurrent interest in real property may have the property partitioned (Code of Civil Procedure § 872.710, subd. (b).). If the court finds that a plaintiff is entitled to partition,…

When faced with complex legal or financial disputes, courts may appoint a receiver to manage property, assets, or businesses during litigation. A court receiver acts as a neutral third party responsible for preserving or managing the property in question. For those involved in cases requiring receivership, a common concern is the duration of this arrangement….

Section 564 permits the appointment of a receiver “in any case in which the court is empowered by law” to do so. Cal. Civ. Proc. Code § 564(a). Section 708.620 so empowers this Court to appoint a receiver to enforce a money judgment if, upon consideration of the parties’ interests, the appointment is “a reasonable…

California Probate Code § 16420 provides that (a) If a trustee commits a breach of trust, or threatens to commit a breach of trust, a beneficiary may commence a proceeding for any of the following purposes that is appropriate: (1) To compel the trustee to perform the trustee’s duties. (2) To enjoin the trustee from…

Cal. Code Civ. Proc., § 564 provides: (a) A receiver may be appointed, in the manner provided in this chapter, by the court in which an action or proceeding is pending in any case in which the court is empowered by law to appoint a receiver. (b) A receiver may be appointed by the court in which…

The Receiver is empowered to: (1) collect, control, manage, conserve, and protect receivership property;(2) operate a business constituting receivership property, including preservation, use, sale, lease, license, exchange, collection, or disposition of the property in the ordinary course of business;(3) in the ordinary course of business, incur unsecured debt and pay expenses incidental to the receiver’s…

In Arizona, the Ariz. R. Civ. P. 66 ( “Rule 66”) establishes a specific procedure for appointment of a court receiver. A party can seek to have a receiver appointed pursuant to court order based on the following, consistent with the Rule 66 as follows: (a) Application; Service; Notice; Restraining Order. (1)Application, Response, and Hearing. A party…

The administration of receivership estates takes specific skills, training, and experience. Receiverships involve litigation and oftentimes unique asset types. A good court receiver will have a good command of the applicable codes, statutes, and ordinances governing the appointment and administration process of the receivership estate. The receiver may also have requisite licenses and professional designations…