When parties are involved in a family law case in Texas, one of the primary concerns is the division of property and assets. In some situations, however, one or both parties may not be acting in good faith, causing disputes over property and assets to arise. When these disputes cannot be resolved through traditional methods, a court may appoint a receiver to manage the property or assets in question.
What is a Receiver?
A receiver is a neutral third-party appointed by a court to manage property or assets that are subject to the court’s jurisdiction. Receivers are typically appointed in situations where the court determines that the property or assets are at risk of being wasted, mismanaged, or otherwise improperly handled.
Why Might a Family Law Court in Texas Appoint a Receiver?
There are several situations in which a family law court in Texas might appoint a receiver. Let’s take a closer look at some of the most common reasons:
- Disputes Over Community Property: In Texas, all property acquired during marriage is considered community property, and it must be divided equitably in the event of a divorce. However, disputes can arise over the ownership and management of community property, particularly when one or both parties are acting in bad faith. In these cases, a court may appoint a receiver to manage the property until the dispute is resolved.
- Non-Compliance with Court Orders: When a party fails to comply with a court order to transfer property or assets to the other party, the court may appoint a receiver to ensure that the transfer is completed.
- Wasting or Mismanagement of Assets: If a party is wasting assets or mismanaging property subject to the court’s jurisdiction, a receiver may be appointed to take control and protect the assets.
- Pending Resolution of a Family Law Matter: In some cases, a court may appoint a receiver to manage property or assets while a divorce or other family law matter is pending. This may be necessary to ensure that the assets are properly managed and preserved until a final resolution is reached.
In Texas, a family law court may appoint a receiver when there is a need to protect property or assets that are subject to the court’s jurisdiction. The appointment of a receiver is typically an extraordinary measure that is taken when other remedies are inadequate or ineffective. If you are involved in a family law case in Texas and believe that a receiver may be necessary to protect your property or assets, it’s important to speak with an experienced family law attorney who can help you understand your options and protect your interests.
Contact The Blacknall Firm
If you are facing a family law issue and need representation for a final trial or any other legal matter, contact the Blacknall Firm today. Our team of experienced family law attorneys is dedicated to helping our clients achieve the best possible outcome in their cases. Let us put our skills and knowledge to work for you.