Receivership
Appointment of a receiver is a traditional remedy available to creditors attempting to collect judgments. An individual, called a receiver (much like a bankruptcy trustee), is appointed by the court that entered the judgment to take control of all the debtor's nonexempt property. The receiver's job is to sell the property and pay the proceeds to the creditors.
Sidebar: A receiver can also be appointed during pending litigation, before a judgment is entered, in order to prevent the debtor from wasting or transferring it.
Didn't find what you were looking for?
Why not try our free 'Ask a Legal Question' service, which will help you to refine a specific query, then get an instant and detailed answer on almost any legal topic. Just click here to give it a try.