Legal definition of receiver
Personal Bankruptcy Legal Terminology
A receiver is an indifferent person appointed by the court to manage the property of the debtor.
A judge appoints a neutral person as receiver or conservator upon request of the Plaintiff.
In federal courts, receivers are attorneys or professional trustees. In state courts, where conservatorships occur, there is no requirement for receivers or conservators to be lawyers or professional trustees.
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Donald D VanarelliAttorney at LawPRACTICE AREA: Family Law, Elder Law, Health Care Law, Trusts & Estate Planning, Military Law & Military Benefits
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Patrick N LeducAttorney at LawPRACTICE AREA: Personal Injury, Family Law, Criminal Defense, Military Law & Military Benefits
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