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Receiver


Definition of "Receiver"

Donna Moy-Bruno
  ERA Key Realty Services

Judicial appointed person who takes possession, but not the title, to real estate during a
bankruptcy process referred to as a receivership or a foreclosure proceeding. The receiver is
responsible for managing the affairs of the business prudently including collecting funds, paying
bills, and carrying out normal business operations. The receiver operates under court direction and
may return the real estate back to a solvent status



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