This is an order for the appointment of a receiver. In an instance where the appointment of a receiver is necessary, this decision and order directs the receiver to reduce to cash any and all asssets where possible, and to file with the clerk a list of all assets and their disposition.
Texas Appointment of a Receiver
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US-L07057
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A receiver is. ?a disinterested person appointed by a court, or by a. corporation or other person, for the protection or. collection of property that is the subject of diverse. claims (for example, because it belongs to a bankrupt. Receiverships Research Guide - Tarrant County tarrantcountytx.gov ? law-library ? pdfs ? R... tarrantcountytx.gov ? law-library ? pdfs ? R...
As a practical matter, a receiver is usually appointed upon motion by a party. Motions for appointment of a receiver may be done either through ex parte motion or through noticed motion. Introduction to California Superior Court Receiverships matthewtaylorattorney.com ? introduction-to-calif... matthewtaylorattorney.com ? introduction-to-calif...
A receiver is a person appointed by a court, government regulator, or private entity to manage debt consolidation for a company. When a receiver is appointed, a company is said to be "in receivership." Receivership is an alternative to bankruptcy.
If the court grants the motion, the judge signs an order appointing a Receiver and authorizing the Receiver to seize the judgment debtor's accounts and assets. It will then become the Receiver's responsibility to collect the judgment. Receivership Process in Texas volberdinglawfirm.com ? the-process volberdinglawfirm.com ? the-process
Texas law authorizes the appointment of a receiver when the movant can demonstrate that the property at issue is in danger of being lost, removed, or materially injured. This situation may arise in a divorce when just one of the spouses is actively involved in the business. Seeking Appointment of a Business Receiver in Divorce diamondmccarthy.com ? hirschrubio_article diamondmccarthy.com ? hirschrubio_article
Texas does not have official forms specific to appointing a receiver. The party seeking appointment of a receiver must file a petition to commence a cause of action describing one of the causes of action in a manner sufficient to support appointment of a receiver.
The appointment of a receiver is a mechanism for the enforcement of security granted by a company by way of a fixed and/ or floating charge over its assets.