The sale order should require that the receiver file an accounting of its activities as receiver within so many days of the sale of the property.

Typically, the receiver will market the property for sale using the same methods as it would for any other commercial property.

Aside from the management and preservation of the property there are several additional things the receiver should do upon entry of the receivership order and the filing of the surety bond, if required.

Historically, receiverships for commercial real estate were used to collect rents and fees generated by income-producing properties prior to the completion of foreclosure sales on those properties.

Since approximately 2014, the North Carolina Industrial Commission has doggedly pursued businesses without workers’ compensation insurance in violation of NCGS § 97-94.

Kaufman & Canoles, P.C. is pleased to announce that Troy R. Johnson, Jr. has joined the firm as an Associate in the Norfolk office.

Kaufman & Canoles is pleased to announce Vincent J. Mastracco Jr., Thomas K. Norment Jr., and William R. Van Buren III were selected to Virginia Business Magazine 2021 Power List.

Kaufman & Canoles, P.C. is pleased to announce that William M. Palmer has joined the firm as an Associate in the Norfolk office.

48 Kaufman & Canoles Attorneys Named Best Lawyers in America© 2022, 4 Named “Lawyer of the Year” and 8 Named “Ones to Watch.”

Kaufman & Canoles, P.C. is pleased to announce that Adolyn "Addie" C. Wyatt has joined the firm as an Associate in the Richmond office. Ms. Wyatt will be a member of the firm’s Litigation and Bankruptcy, Creditors' Rights & Business Restructuring Practice Groups.