Receivership has become a remedy used to gain control over collateral assets when a business or individuals financial circumstances are declining. In some instances, creditors documents such as mortgage authorize the appointment of a receiver to take control of and dispose of collateral for the creditors benefit.
In other circumstances the remedy is available under the Court's Equity powers. The advantage of receiverships is that the initiating creditor often dictates the terms the receivership with court supervision. Tom Reilly can address whether this remedy would provide an effective for means for resolving a relationship with a debtor and take the necessary action to obtain the receivership relief.