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Judge Approves Receivership Request for Casa Ruby

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caused the organization’s shelter and transitional housing programs to shut down.Superior Court Judge Danya Dayson, who presided over Thursday’s hearing, heard motions from the office of D.C.

Attorney General Karl Racine and Ruby Corado, Casa Ruby’s former executive director — who represented herself at the hearing — regarding the naming of a potential receiver.

A receiver is a neutral third party appointed by the court to manage and resolve the financial situation of a distressed entity, as a way of keeping it intact while avoiding bankruptcy.The entity named as the receiver for Casa Ruby would be tasked with resolving the organization’s finances by repaying debts to creditors, potentially selling off assets or property to make the organization financially sound, ensuring Casa Ruby is in compliance with the law and other government regulations in place for nonprofit entities, and potentially hiring new management to run the organization more efficiently.

Following arguments from both sides in court, Dayson granted the AG’s request to appoint a temporary receiver to assess Casa Ruby’s financial situation.That receiver will determine whether the organization’s outstanding debts can be resolved, and whether a board of directors who will provide necessary oversight can be reconstituted, thereby allowing the organization to remain intact and continue providing services to clients, or whether the organization would be better served by declaring bankruptcy.According to a spokesperson at the Attorney General’s Office, two organizations — Baltimore/DC Safe Haven and the Wanda Alston Foundation, were proposed as potential receivers.Representatives from both organizations were present at the hearing and were questioned by Dayson,.

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