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GlobeSt.com – Bankruptcy, Receivership: the Fundamental Differences

SAN DIEGO—Historically the approach to handling a defaulted loan was fairly straightforward—the borrower would file bankruptcy or the lender would foreclose. In recent years other remedies, in particular receivership, have emerged as effective alternatives. That is according to William Hoffman, chairman and CEO and David Wallace, general counsel of locally based Trigild. MORE>>>