This paper canvasses some of the fundamentals of receiverships, including the common law and statutory sources of receiverships, the differences between a privately-appointed receiver and a court appointed receiver, and the role of receivers. The author also looks at the rights of certain stakeholders in a receivership, such as landlords and unpaid suppliers, before concluding with some tips and tools for practitioners acting as counsel to one of the various stakeholders in a receivership.

Added bonus: Bankruptcy 101 Glossary of terms by Craig McMahon, Field LLP, providing an alphabetical list of typical bankruptcy-related terms and a concise explanation of each.

This paper was presented at the Bankruptcy Seminar in January, 2014.