No Bond is Required for Turnover Receiverships

Written By Mike Bernstein

The case law makes it clear that no bond is required for a turnover receivership. The statute does not mention a bond. Although many more judges have become aware that no bond is required, some are not familiar with the remedy and many debtors’ counsel still argue that there should have been a bond. The article provides authorities and arguments for creditor’s counsel.

Updated February 2022

Mike Bernstein

Mike Bernstein is the most experienced Turnover Receiver in the Dallas / Fort Worth area, serving the courts in Dallas, Tarrant and nearby counties since 1994. By approximately 1996, serving as turnover receiver had become 100% of Mike's practice. Mike writes and lectures regularly on Turnover law and the Turnover Receivership. Mike serves statewide.

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Receiverships Under Attack!