Receivership can significantly decrease the time required to recover a distressed asset, which often results in significant dollar savings to the lender or creditor.  Appointment of a receiver can often be done in thirty days or less, while the nature of receivership can significantly streamline the sale process.  This compares to the six to eight months typically required for foreclosure.  Receivership also has the advantage of prompting a bankruptcy filing on the part of the debtor, speeding resolution of the distressed situation.