Court-appointed receivers · Nationwide · Established 1995
Receivership for
distressed commercial
and multifamily assets.
Bonded, court-approved receivers for distressed real estate. We secure the property, take control of the money, stabilize operations and report to the court — while the parties resolve the case.
24–48 hrs
To possession after appointment
Nationwide
State & federal appointments
1995
Founded — 25+ years
Court-approved
Bonded and insured receivers
A receiver is not a manager with a court order. It is a fiduciary the record will be judged on.
01
Neutral, not aligned
The receiver is a fiduciary of the court, not an agent of either party. Every decision has to survive review by counsel on both sides.
02
No assumption of debt or title
We take custody, not ownership, and we do not assume the property’s existing liabilities — the estate is administered, not absorbed.
03
The record is the deliverable
Photographs, scopes, bids, bank activity and period statements assembled as they happen, so the accounting is ready when the court asks.
Eight kinds of appointment
Select a practice
01
Court-appointed receivership
Appointment through discharge: possession, insurance, cash control, operations and the periodic report the court and parties rely on.
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02
HOA & condo receivership
Stabilize an association’s finances, collect assessments, resolve conflict — then hand a functioning community back to its board.
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03
Foreclosed properties
Securing, occupancy handling, court-approved lease-up and financial reporting through the foreclosure timeline.
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04
Commercial real estate
Office, retail and industrial: operations assumed, leases enforced, value preserved and the asset prepared for sale or repositioning.
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05
Banks & REITs
Institutional engagements — 48-hour mobilization, portfolio-standard reporting, compliance handled, clean transition at exit.
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Mobilization clock
What happens from the hour the order is entered
0 hr
Order reviewed
Scope, bond and authority confirmed before the appointment is accepted.
24 hr
Possession taken
Site secured and inspected, conditions photographed, hazards cleared.
48 hr
Controls initiated
Receivership account opened, insurance and utilities confirmed, payables frozen.
Week 1
Operations stabilized
Rent roll rebuilt, collections restarted, vendors engaged at negotiated rates.
Ongoing
Reported, then exited
Period statements to the court; sale, lease-up, handback or discharge.
Who we act for
Three parties, one accounting
Attorneys & litigators
A receiver the court will accept
You need a nominee whose bond, insurance and prior appointments hold up on the first hearing, and whose reports do not create work for you. We provide proposed scope language, a reporting format and prior appointment history for the motion.
Lenders, banks & REITs
The asset protected and reported on
Default, dissolution or disrepair — we mobilize in 24 to 48 hours, secure the collateral, restart collections and issue period statements your asset management team can reconcile without a phone call.
HOA & condo boards, municipalities
The community functioning again
Assessments collected, insurance reinstated, vendors resolved and code items cleared — with a documented path back to self-governance rather than an indefinite outside administrator.
Filing the motion this week?
Name a receiver who can be on site Thursday.
What is a court-appointed receiver?
A neutral third-party fiduciary appointed by the court to take control of a property or business during legal proceedings — foreclosure, partnership disputes, probate matters or regulatory non-compliance. The receiver stabilizes, protects and manages the property until the matter is resolved.
Who typically requests a receiver be appointed?
Lenders, attorneys, investors or municipalities, during litigation involving distressed assets or disputes over control.
How quickly can a receiver take control of a property?
Once appointed, within 24 to 48 hours, depending on the situation’s urgency and access requirements. We immediately assess site conditions, secure the premises and initiate financial controls.
Is the receiver responsible for the property’s debts?
No. A receiver manages the asset on behalf of the court and stakeholders but does not assume liability for existing debts, and does not take ownership.
How are receivership fees structured?
Court-approved and typically billed as part of the property’s operating expenses, with transparent pricing aligned to the complexity of the assignment.
Do you only work in Chicago?
No — we are a nationwide company, based in the Chicago area and managing state and federal receiverships across the U.S.
