Receiverships are where a court appoints an impartial third party, known as a receiver, to take control and manage the assets, property, or affairs of a business or individual entity. This is typically done to protect and preserve the assets during a period of financial distress, pending litigation, or other specific circumstances where a court determines that intervention is necessary. In cases involving receiverships, our attorneys play a crucial role in representing interests of their client within the context of the receivership proceedings.