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What is a Receivership?

Generally, a receiver is appointed by a judge to collect and appropriately distribute a person’s assets in accordance with a judicial judgment. If a receiver has been appointed for your debtor then it is the receiver who is responsible for making payments to you if those payments were included in the judicial judgment. Receivership is often a step taken by a business prior to filing for bankruptcy.

Other Collections-Creditors Rights FAQs

Q: Where Should I Report Violations Of The Law?
A: Although the FTC can't act as your lawyer in private disputes, information about your experiences and concerns is vital to the enforcement of the Fair Credit … More
Q: Can I Garnish a Debtor’s Wages to Satisfy What He/She Owes Me?
A: Many states allow a creditor to garnish the wages of a debtor who has defaulted on his or her loan payments if certain conditions are met. For example, most … More
Q: Will I Ever Get Paid if the Debtor Files Bankruptcy?
A: That depends. You must participate in the bankruptcy proceedings and you may desire legal representation depending on the complexity of the case, the legal … More

Collections-Creditors Rights Sub-categories

Chex Systems
Collections
Creditor Remedies in Bankruptcy
Debt Collections
Enforcement of Judgments
Fair Credit Reporting Act
Fair Debt Collection Practices Act

Identity Theft
Judicial Remedies
Mortgage Foreclosure
Non-Judicial Remedies
Secured Transactions
Types of Creditors