Does Filing Chapter 11 Bankruptcy Get Rid of a Court-Appointed Receiver? – San Diego Bankruptcy Attorney
Oftentimes, the use of a court-appointed receiver can be devastating for the owner of a piece of property. A common example is when a lender seeks the appointment of a receiver to oversee the business of rental property and intercepts revenue while it attempts to foreclose on the property. In this scenario, filing Chapter 11 Bankruptcy can be a viable solution for the property owner.
If a property owner chooses to file Chapter 11 Bankruptcy prior to the appointment of a receiver, the filing will trigger an automatic stay in the