A receiver may be appointed by an unsecured creditor once the creditor has given reasonable notice for calling a loan.

Name: A receiver may be appointed by an unsecured creditor once the creditor has given reasonable notice for calling a loan.
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Question

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A receiver is typically appointed by secured creditors, not unsecured creditors, to manage or sell the assets of a debtor to recover the owed amount. Unsecured creditors do not have the legal right to appoint a receiver.

A Receiver May Be Appointed by an Unsecured Creditor Once