Sometimes business issues and conflicts require resolution through the introduction of a third party. The resolution may take many forms, including the appointment of an interim director or a receiver. We serve in both capacities. While an interim director is appointed to resolve deadlock between competing shareholders, partners, or LLC members, a receiver can be appointed for a number of purposes. Only individuals (natural persons) may serve as a receiver.

A receiver is ordinarily appointed to take charge of the property on behalf of the Court. Receivers are often called the “hand of the court” because the receiver takes possession of—and, with the court’s authorization, controls and/or disposes of— the property as appropriate under the circumstances. David R. Haberbush, of Equitable Transitions, Inc., regularly serves as a receiver and in that capacity utilizes the Equitable Transitions, Inc. team in discharging his functions.

Circumstances under which a receiver may be appointed include:

  • To Wind Up and Dissolve an Entity Under Court Supervision
  • To Take Charge of Property to Maintain the Status Quo During a Marital Dissolution
  • To Enforce Judgments
  • To Take Charge of Income-Producing Real Property During a Foreclosure

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