Could Receivership Be The Answer?

Law360, New York (July 17, 2008, 12:00 AM EDT) -- The number of global corporate defaults in 2008 has already surpassed the total for all of last year, and businesses in varied industries are suffering from the present economic downturn.

As more and more companies default on their obligations, creditors of such companies should be aware of their rights and remedies in the face of continued default; and one of the most powerful tools in their collective arsenal may be the court-appointed receiver.

What (Or Who) Is A Receiver?

In general, a receiver is a person...
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