The first step towards a receivership is to initiate a lawsuit. Most commonly the lawsuit is filed for breach of contract and is seeking foreclosure or repayment of collateral, and, though less common, appointment can also be sought as an independent action. Learn more about the next steps in the receiver appointment process from CRA member Cynthia Hegarty, Counsel at Winthrop & Weinstine, in this episode of the Receivership 101 Video Series: How to Get a Receiver Appointed.
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