Alternatively, we can be appointed by the Court to act as a Receiver or as a Receiver-Manager. A Court Appointment can be useful when the sale of real estate is involved or significant amounts are owed to the Crown or utility corporations. When appointed by the Court, the Receiver/Receiver-Manager acts as an officer of the Court for all interested parties.
Whether appointed privately or by the Court, actions taken by the Receiver or Receiver-Manager may
include the following:
The Bankruptcy and Insolvency Act requires a Receiver or a Receiver-Manager to be a Licensed Insolvency Trustee. In addition, a Licensed Insolvency Trustee is knowledgeable about: