In Canada, a receiver must be a Licensed Insolvency Trustee whose license was granted by the federal government’s Office of the Superintendent of Bankruptcy. There are two basic types of receivers:Court-appointed receiver: the Receiver is appointed by the Court through a Court Order upon application by a secured creditor.Privately-appointed receiver: the Receiver is appointed by the secured creditor pursuant to the terms of the General Security Agreement as between the secured creditor and the debtor.