Court-Appointed Receiver
/ˈkɔːrt əˌpɔɪntɪd rɪˈsiːvər/
Definitions
- (n.) A neutral third party appointed by a court to take custody of and manage property or assets during litigation or bankruptcy proceedings.
The court-appointed receiver managed the debtor's assets to prevent dissipation before the trial.
Forms
- court-appointed receivers
Related terms
See also
Commentary
A court-appointed receiver acts under the court's authority to preserve assets; appointment is typically sought to maintain status quo during disputes or insolvency.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.