By Andrew R. Schwartz | Published November 21, 2014 | Posted in Equitable Remedies | Tagged Tags: appointing a receiver, commercial foreclosure, receiverships | Leave a comment
What is a “receiver”? A “receiver” is a court officer appointed to protect property in dispute during the pendency of a lawsuit. As a court officer, a receiver has no discretion or personal control over the property he holds, but must obey court orders.
Read MoreWhat are “equitable remedies”? Illinois recognizes two basic types of relief in civil cases. A “legal” action is one where money damages will adequately compensate a plaintiff.
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