Michael A. Wrapp has received an AV Preeminent® Peer Review Rating™ from Martindale-Hubbell®, the highest possible rating for professional excellence in legal ability and ethical standards. Created in 1887, Martindale-Hubbell®’s Peer Review Rating™ system evaluates lawyers based on the anonymous opinions of members of the Bar and the Judiciary, including both those who are rated …
Receiver’s Reports & Discharge. Section 33-2618 provides a nonexclusive list of the types of things that a receiver may include in an interim report filed with the court. Any such report should include any fees paid or proposed to be paid to a professional and the receiver’s own fees and expenses. A final report must …
Lien on After-Acquired Property Any asset the receiver or owner acquires after the date of the receiver’s appointment is subject to any security agreement entered into between the owner and the creditor before appointment. A.R.S. §33-2609. This is markedly different from Section 552(a) of the Bankruptcy Code which provides that an after-acquired property provision …
Leases and Executory Contracts. The Act also vests receivers with significant new powers relating to existing leases and executory contracts which provides another possible benefit for lenders from a receivership. A receiver may “adopt or reject an executory contract,” which includes leases under the definition of “executory contract” in Section 33-2601(4), with court approval. …
Gianni Pattas will be presenting a CLE on ER 1.6 (Confidentiality of Information) with fellow State Bar of Arizona Ethics Advisory Group Members, Nancy Greenlee and Pat Sallen, on Wednesday, October 6, 2020 through the State Bar of Arizona.