A receivership is a legal tool available to a secured party and to certain government agencies. The use of receiverships is on the rise because it can offer the fastest and most cost-effective method of gaining control over a borrower’s collateral upon default or another party’s property in the case of wrongdoing. It is important to recognize that these two separate purposes really divides receiverships into two fundamentally different types: first, state court receiverships commenced in connection with real estate foreclosure actions; second, regulatory/equity receiverships requested by state and federal agencies, such as the SEC and FDIC.
This webinar discusses both types of receiverships, explains how they are commenced, how receivers are appointed, the powers of receivers, and a host of other details about this increasingly popular tool.
Jonathan Friedland is a senior partner in Sugar Felsenthal Grais & Helsinger LLP’s Chicago office. He is ranked AV® Preeminent™ by Martindale.com, has been repeatedly recognized as a “SuperLawyer”, by Leading… Read More
Gene Kohut is the Managing Director of Conway MacKenzie where he leads their fiduciary services practice group Mr. Kohut was appointed in 2003 by the United States Department of Justice… Read More
Ira Bodenstein is a Member of Shaw Fishman Glantz & Towbin LLC. Appointed by former United States Attorney General Janet Reno, Ira Bodenstein served as a United States Trustee for… Read More