When a Receiver is Appointed Does this Prevent Former Officers & Directors from Filing a Bankruptcy Petition on Behalf of the Entity Placed in Receivership?
By EsqSocial Corporation 15/05/14
QUESTION: I have noticed language in a number of receivership orders providing that the receivership entities’ officers and directors are removed and their powers are vested in the receiver and further enjoining the officers and directors from filing...
By: Ervin Cohen & Jessup LLP