An often overlooked remedy in Virginia is the appointment of a receiver to assume control of a defaulting debtor's business or assets. Having assisted in the appointment of receivers for several large accounts in the Richmond area and in southeastern Virginia, we are familiar with the legal principles and procedures underlying the appointment of a receiver. 

    Depending upon the dollar amounts and lender concerns at stake in any particular account, the receivership appointment may be sought on an emergency basis or following a full hearing on the merits. We are available to assist with the prosecution or defense of a receivership suit or, in the appropriate circumstances, to serve as court-appointed receiver.