Receiver Remedies CdReceivers
A receiver is an officer of the court that is appointed to do some duty, such as to liquidate a particular asset. A general receiver may also be appointed for the debtor to find, marshal, and liquidate the debtor's assets for the benefit of all creditors.
A receiver is often said to be the agent of the debtor -- albeit a usually hostile agent -- which means that the receiver can usually exercise whatever powers the debtor itself has over assets.
Receivers are a very powerful enforcement tool, and many creditors consider them to be the end-game maneuver to enforce the judgment. However, because receiver are so intrusive upon the rights of the debtor that they are also usually considered to be a remedy of last resort and in most states are infrequently granted.