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Form #782

Receiver's Certificate of Indebtedness

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Receiver's certificate of indebtedness.

No. _________

$_____

On or before _________[days] [months] after date, the undersigned, _________, as receiver in the above-entitled cause, and not individually or in his [her] own right, promises to pay to the bearer of this certificate, the sum of $_____, with interest from the date of this certificate until paid at the rate of _____% per annum. Both principal and interest are payable at the office of the receiver in the City of _________, _________.

This certificate is issued under and by virtue of the authority of an order of the District Court of the United States for the _________ District of _________, entered _________, in a cause then pending in entitled "_________, Plaintiff vs. _________, Defendant, in Equity No. _________."

This certificate is a lien upon all property, real, personal and mixed, of the defendant, _________, then in the hands of _________ as receiver and which might later come into the hands of the receiver, and upon the proceeds which might later come into the hands of the receiver, and upon all earnings and income which was then or might later come into the hands of the receiver, which lien is to be prior and superior to the rights and interests of all parties to the suit and prior to the mortgage sought to be foreclosed in the suit and prior to the bonds issued and secured and prior to the claims of all stockholders and creditors of the defendant, _________, or of anyone claiming under them or it (provided, however, that none of the certificates shall have priority one over the other, either as to principal or interest), subject only to: _________[if certificates are issued subject to priorities, here insert priorities].

This certificate of indebtedness is executed by _________, not personally, but as receiver and is payable only out of the property and in the manner provided by the order authorizing the certificate. No personal liability shall be asserted or be enforceable against the promisor.

In witness whereof, _________, as such receiver, has hereunto signed this certificate this _________ day of _________.

_________ as Receiver

[Form of certificate by clerk of court where order so provides]

This is to certify that the foregoing certificate has been duly executed by _________, as receiver of _________, under the order of the District Court of the United States for the _________ District of _________, therein mentioned.

Witness the seal of that court and the signature of the clerk thereof, this _________ day of _________.

_________, Clerk



 
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Anonymous
 
Name of Firm Anonymous
Total Forms Contributed 51
 

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Terms Of Use

Submissions to this site, including any legal or business forms, posts, responses to questions or other communications by contributors are not intended as and should not be construed as legal advice. You are strongly encouraged to consult competent legal council before engaging in any action based upon content contained on this site.

These downloadable forms are only for personal use. Retransmission, redistribution, or any other commercial use is prohibited. This includes reposting forms from this site to another site offering free legal or other document forms for download.

Please note that the donator may have included different usage terms regarding this form, and you agree to abide by these terms. It is highly recommended that you have a licensed attorney review any legal documents for which you are searching in order to make sure that your needs are being properly and completely satisfied.

Your use of this site constitutes your acceptance of our terms of use and your agreement to hold this site, its officers, employees and any contributors to this site harmless for any damage you might incur from your use of any submissions contained on this site. If you do not agree to the above terms, please do not proceed.

These forms are provided to assist business owners and others in understanding important points to consider in different transactions. They are offered with the understanding that no legal advice, accounting, or other professional service is being offered by these documents or on this website. Laws vary in the different states. Agreements acceptable in one state may not be enforced the same way under the laws of another state. Also, agreements should relate specifically to the particular facts of each situation. Therefore, it is important to consult legal counsel whenever utilizing these forms. The Forms are not a substitute for legal advice YourFreeLegalForms.com is not engaged in recommending or referring members on the site or making claims about the competence, character or qualifications of its participating members.
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Keywords: legal forms, bankruptcy, indebtness

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