Court-Appointed Receivership
Courts can appoint a Receiver to execute a judgment or protect property that is subject to a dispute. The Receiver’s powers and duties must comply with the order of the Court. Note that a Court-Appointed Receiver is an officer of the Court, not an agent of the company or a creditor. He will be personally liable on contracts entered into.
At Frost Business Recovery, we can act as Court-Appointed Receivers. We have the experience in dispute resolution, litigation and maximising asset realisations to achieve the best result for all parties.