Ontario Barrister and Solicitor Practice Exam 2024 - Free Barrister and Solicitor Practice Questions and Study Guide.

An interim receiver is a neutral party appointed by the court to temporarily manage and protect the assets of a company or individual in financial distress. Similar to a receiver general appointed under the CJA (Companies' Creditors Arrangement Act), an interim receiver has the power to manage and dispose of assets to satisfy creditors, negotiate with parties involved in the financial distress, and make decisions for the benefit of all stakeholders. Option A refers to a trustee in bankruptcy, which is responsible for administering bankruptcy proceedings and distributing assets to creditors, but does not have the same decision-making power as an interim receiver. Option B refers to a judge overseeing a commercial dispute, which has the power to make legal judgments, but does not specifically have the power to manage assets. Option D, a legal consultant, does not have the legal authority to make decisions or manage assets in the same way as an interim receiver.