RECEIVER OR RECEIVER MANAGER?
As a practical matter, the terms receiver and receiver manager are interchangeable. Traditionally a receiver manager has been appointed where there is an expectation that the business will continue to operate, and a receiver has been appointed to give effect to a sale transaction, to conduct an orderly winding up, to act as a custodian in a dispute, etc. However, this is generally a distinction without a difference. When commercially reasonable to do so, both a receiver and receiver manager can continue the operations of the business.