Mitigating Risks Associated with Hotel, Restaurant and Entertainment Industry Economic Challenges: Part 6 – Considerations for the Appointment of a Receiver During Commercial Foreclosures
Jimerson Firm
DECEMBER 15, 2020
Additionally, as briefly discussed in part 5 of this series, during the foreclosure action, lenders have options to try to preserve the value of the underlying collateral and to minimize further losses. Receivership had previously been governed by common law principles. One of those options is the appointment of a receiver.
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