Courtney Gilmer

Courtney Gilmer is a bankruptcy and creditors’ rights shareholder in the Nashville office of Baker Donelson, and is also the co-leader of the Firm’s Consumer Compliance Team. Contact Courtney at cgilmer@bakedonelson.com.

Lenders have a number of options when faced with a borrower in default. In Tennessee, one option to seriously consider is seeking appointment of a receiver. A receiver will step into the role of the borrower or management company and will operate the property until the lender makes a decision about foreclosure or sale. Appointment of a well-qualified receiver can result in stabilized operations at either a residential or retail property and make the property more attractive to potential purchasers. (more…)