Wilson Law Group P.C.

Board Certified Texas Attorney

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Wilson Legal Group P.C.
16610 Dallas Parkway, Suite 1000
Dallas, Texas 75248
Telephone: 972-248-8080

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Practice Areas - Complex Litigation

Real Estate - Receiverships

A receivership is the process of appointment by the Court of an independent person, called a receiver, to obtain dominion and control of the business, property, rents, and profits of a party to a lawsuit awaiting an ultimate verdict on disbursement or an agreement that a receiver have power over the financial receipts of an insolvent debtor for the profit of creditors.  The ultimate purpose of a receivership is to preserve property during the time required to prosecute a lawsuit, if any danger of property dissipation or removal from court jurisdiction exists.  This process takes place through a court order with or without the property owner’s consent.