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What is the property of the receivership estate?

The property of the receivership estate will generally be identified in the order to appoint a receiver. However, more specifically, the property and/or assets of the receivership estate may be made up of:

  • books and records
  • accounts receivables, cash, and securities
  • real property and intellectual property
  • claims against 3rd parties
  • licenses
  • bank accounts, business personal property, equipment, vehicles, and inventory
  • and insurance policies.

Insurance policies are an important asset of the receivership estate. In the event that the
owner/principal of the Company engages in wrongdoing and the company has directors and officers
insurance or crime policies, a receiver may submit a claim to the insurance company in connection with
such activity. These claims may result in a recovery to the receivership estate.

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