Receiverships have emerged as a powerful tool in Ohio for facilitating commercial loan workouts and foreclosures in state court proceedings. Particularly in the context of real estate assets, the benefits are obvious. At the very least, a court-appointed receiver can step into the shoes of the owner of the collateral and maintain it during the course of a foreclosure. On tenant-occupied properties, a receiver can collect the rents and take care of normal repairs and maintenance so the income stream and the occupation rate are preserved. This is particularly useful if your borrower has basically gone broke and all but abandoned the collateral and its tenants.