Receivership

The appointment of a receiver by the court to manage or collect income from a debtor's assets for the benefit of a judgement creditor. In enforcement, an equitable receiver may be appointed over assets that cannot be reached by other methods, such as income from a trust or overseas assets.

In practice

Receivership by way of equitable execution is governed by the Senior Courts Act 1981 and CPR Part 69. It is typically used where other enforcement methods have failed or are impractical. The receiver collects rents, profits, or other income and pays them to the creditor after deducting costs. It is a discretionary remedy and courts will consider whether it is just and convenient.