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2023Hfx No. Supreme Court of Nova Scotia In Bankruptcy and Insolvency In the Matter of the Receivership of Stone Brothers Plumbing & Heating Limited Between: Business Development Bank of Canada Applicant
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What is application to appoint receiver?
An application to appoint a receiver is a legal request submitted to a court seeking the appointment of a receiver to manage and preserve the property or assets of an entity or individual that is in distress or facing financial difficulties.
Who is required to file application to appoint receiver?
Typically, the application to appoint a receiver must be filed by a creditor, a borrower, or other interested parties who have a legitimate stake in the property or assets involved.
How to fill out application to appoint receiver?
To fill out the application to appoint a receiver, the applicant must provide relevant details about the parties involved, the nature of the assets or property, the reasons for appointing a receiver, and any supporting documentation that demonstrates the need for such action.
What is the purpose of application to appoint receiver?
The purpose of the application to appoint a receiver is to ensure that the assets or property are managed properly during legal proceedings, to prevent waste or mismanagement, and to protect the interests of creditors or other stakeholders.
What information must be reported on application to appoint receiver?
The application must include information such as the names of the parties involved, a description of the property or assets, the grounds for the appointment, and any previous legal actions related to the matter.
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