FedReceiver, Inc. is offering a new online course providing in-depth insights into the world of court-appointed real estate receiverships. This flexible learning format combines instructor guidance with the convenience of online access. Course materials are provided digitally, and virtual sessions have scheduled start and end dates. Led by Stephen Donell, CCIM, president of FedReceiver, Inc.,…
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Resources, News and Education
FedReceiver, Inc. is proud to announce its Gold Sponsorship of this year’s Loyola IX Symposium brought to you by the California Receivers Forum. Our very Stephen Donell will be present as one of the panelists for the Receiver as Detective: Working With a Receiver to Uncover Fraud and Other Bad Behavior event at 10 am…
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….
Effective January 1, 2023, there is a new addition to California partition actions that impact partition referees and the methodology utilized regarding how a property may be partitioned in the state of California. The California legislature voted to approve the Partition of Real Property Act (PRPA). Previously, the Uniform Partition of Hears Property ACT (UPHPA)…
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…
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