- The office or functions of a receiver.
- The state of being held by a receiver: The company went into receivership.
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A type of bankruptcy a company enters when a receiver is appointed by bankruptcy courts or creditors to run the company.
Investopedia Says:
The responsibility of the receiver is to recoup as much of the unpaid loans as possible.
Being in receivership is not an enviable situation for a company. Often receivers find that the best way to pay back loans is to liquidate the company's assets, which would effectively put it out of business.
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As soon as you invest in a company, you face this risk. Find out what it means. An Overview Of Corporate Bankruptcy
Equitable remedy whereby a court orders property placed under the control of a Receiver so that it may be preserved for the benefit of affected parties A failing company may be placed in receivership in an action brought by its creditors. The business is often continued but is subject to the receiver's control. See also Bankruptcy.
For more information on receivership, visit Britannica.com.
A court order whereby all the property subject to dispute in a legal action is placed under the dominion and control of an independent person known as a receiver.
Receivership is an extraordinary remedy, the purpose of which is to preserve property during the time needed to prosecute a lawsuit, if a danger is present that such property will be dissipated or removed from the jurisdiction of the court if a receiver is not appointed. Receivership takes place through a court order and is utilized only in exceptional circumstances and with or without the consent of the owner of the property.
Dansk (Danish)
n. - funktion som midlertidig bobestyrer (eng. konkursbo)
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Français (French)
n. - (GB, Fin, Jur) sous administration judiciaire
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Deutsch (German)
n. - Konkursverwaltung
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Ελληνική (Greek)
n. - (νομ.) συνδικία, καθήκοντα εισπράκτορα ή συνδίκου πτωχεύσεως
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Italiano (Italian)
curatela, amministrazione finanziaria
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Português (Portuguese)
n. - síndico (m), curador (m)
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Русский (Russian)
статус несостоятельного должника
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Español (Spanish)
n. - sindicatura de una quiebra, administración judicial
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Svenska (Swedish)
n. - konkursförvaltning
中文(简体) (Chinese (Simplified))
破产事物官职, 破产在管, 破产管理
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中文(繁體) (Chinese (Traditional))
n. - 破產事物官職, 破產在管, 破產管理
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한국어 (Korean)
n. - 관재인의 직, 재산 관리를 맡음
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العربيه (Arabic)
(الاسم) الحراسه القضائيه
עברית (Hebrew)
n. - כינוס נכסים
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Copyrights:
![]() | Dictionary. The American Heritage® Dictionary of the English Language, Fourth Edition Copyright © 2007, 2000 by Houghton Mifflin Company. Updated in 2007. Published by Houghton Mifflin Company. All rights reserved. Read more | |
![]() | Investment Dictionary. Copyright ©2000, Investopedia.com - Owned and Operated by Investopedia Inc. All rights reserved. Read more | |
![]() | Business Dictionary. Dictionary of Business Terms. Copyright © 2000 by Barron's Educational Series, Inc. All rights reserved. Read more | |
![]() | Britannica Concise Encyclopedia. Britannica Concise Encyclopedia. © 2006 Encyclopædia Britannica, Inc. All rights reserved. Read more | |
![]() | Law Encyclopedia. West's Encyclopedia of American Law. Copyright © 1998 by The Gale Group, Inc. All rights reserved. Read more | |
![]() | Translations. Copyright © 2007, WizCom Technologies Ltd. All rights reserved. Read more |
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