A Receiver is a court appointed trustee who manages assets during litigation. In Georgia, when an asset is not being managed properly or property needs to be preserved during litigation, Georgia law calls for the appointment of a receiver. Receivers are appointed to operate business when certain types of mismanagement are occurring, owners/operators are accused of using the business as part of a criminal enterprise. Receivers can also be appointed over property that has been stolen.
Many commercial loan documents provide for the appointment of a receiver as a remedy in the event of a default. Receivers are a highly effective remedy in these situations because they provide for the effective management, preservation and disposition of collateral without the creditor owning the assets directly.
Whether you are a plaintiff seeking to have a receiver appointed, are looking for a qualified attorney to act as receiver, a defendant whose assets or business is in receivership or a Receiver in search of legal counsel to assist you either with your duties or in litigation Hall, Bloch’s attorneys have the experience necessary to help you achieve your goals.
Hall, Bloch’s attorneys have served as receiver and/or represented receivers working with assets such as: car dealerships, rental property (commercial and residential), hotels/motels, industrial facilities and manufacturers, convenience stores, retail outlets, restaurants, coin operated amusement machine (“COAM”) license holders and a variety of personal and business assets in divorce matters.
Hall, Bloch’s attorneys have been appointed throughout Georgia by Superior Courts in Bibb, Houston, Peach, Crawford, Henry, DeKalb and Clayton Counties.
