Legal Question in Bankruptcy in Michigan

Re: Appointment of Receiver

Basically once a corporation files bankruptcy, the court/trustee have to approve most actions that a corporation takes, and the court itself can appoint a receiver. Most likely if the corporation appoints a receiver itself, then the court/trustee will have to approve it.

Do you have a bankruptcy attorney? If not, I strongly suggest you retain one. Please contact me if you need a lawyer.

Thanks.

Re: Appointment of Receiver

A bankruptcy stays all pending court actions involving the corporation. If there is something you need to accomplish with the corporation, it will need to be done through the bankruptcy court. You should probably consult a bankruptcy attorney experienced with corporate bankruptcies.