a court action that places property under the control of a receiver during litigation so that it can be preserved for the benefit of all
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receivership::noun | Spocien Dictionary
| Type | Words |
|---|---|
| Type of | proceeding, proceedings, legal proceeding |
| Derivation | receiver |
receivership::noun | Spocien Dictionary
| Type | Words |
|---|---|
| Type of | state |
| Derivation | receiver |
the business is in receivership.
Examples of receivership
receivership
It went into receivership in May 2006 owing investors approximately $21 million.
From the nzherald.co.nz
Mainzeal's receivership should be a red flag for the sector, says Shane Brealey.
From the nzherald.co.nz
Pike River has gone into receivership, with most of its employees made redundant.
From the independent.co.uk
The companies were placed under receivership in Texas and are being liquidated.
From the stltoday.com
The judge left the receivership open to include other assets the Moody's owned.
From the foxbusiness.com
Fletcher Building executive Philip King said the receivership was a huge shock.
From the nzherald.co.nz
Allied was owed about $20 million by Matarangi at the time of its receivership.
From the business.scoop.co.nz
All three main Icelandic banks were either nationalized or put into receivership.
From the economist.com
When a company goes into receivership its assets are divided among its creditors.
From the guardian.co.uk
- The state of property that is in the hands of a receiver; "the business is in receivership"
- A court action that places property under the control of a receiver during litigation so that it can be preserved for the benefit of all
- In law, receivership is the situation in which an institution or enterprise is being held by a receiver, a person "placed in the custodial responsibility for the property of others, including tangible and intangible assets and rights."Philip, Ken, and Kerin Kaminski. ...
- (Receiverships) The firm accepts appointment as Receivers and Managers for the purpose of realising assets and paying money to Debentureholders. Assets are realised to the best advantage and businesses are sold as a going concern.
- The process where the court appoints a person to take control of a property. Normally used when the borrower is not making scheduled payments to the lender on income property.
- What happens when FDIC takes over bank to liquidate its assets; REO is taken over by FDIC's liquidation division; existing contracts with institution can be voided at the option of the FDIC.
- The general term applied when a person is a appointed as a receiver or administrative receiver over certain assets.
- Legal or equitable proceeding in which a receiver is appointed for an insolvent corporation, partnership or individual. (Source: Black's Law Dictionary, Fifth Edition)
- A situation in which the state insurance commissioner, acting for a state court, takes control of and administers the assets and liabilities of an MCO.
