When there is a concern from a creditor that a company’s assets or creditors security is at risk during numerous proceedings a Licensed Insolvency Trustee may be appointed by the Court of Queen’s Bench of Alberta as an Interim Receiver. The Courts will decide what types of powers an Interim Receiver will be granted by way of a court order and can included numerous powers; such as, monitoring the debtor business, taking possession of secured assets and exercising control over them, reporting to the Court and stakeholders of conduct of the debtor, and any other power the Court’s deem fit.
For more information, contact one of our corporate team members who will help you determine if an interim receivership engagement is right for you.
I wish to thank you for your understanding through my ordeal. For the compassion and thoughtfulness of what I was going through.Sonia B.