receivership

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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.

A type of corporate bankruptcy in which 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. Oftentimes, receivers find that the best way to pay back loans is to liquidate the company's assets, which effectively puts the company out of business.

Related Links:
If a company files for bankruptcy, stockholders have the most to lose. Find out why. An Overview Of Corporate Bankruptcy
Find out why this corporation was developed and how it protects depositors from bank failure. The History Of The FDIC

• Corporations and Business Practices - receivership: status of bankrupt business placed in hands of receiver appointed to settle its debts
• Banking and Financial Services - receivership: process by which assets of company in bankruptcy are held and administered by bank or other appointed trustee

Dansk (Danish)
n. - funktion som midlertidig bobestyrer (eng. konkursbo)

idioms:

• in receivership    under konkursbehandling, gå i betalingsstandsning, blive overtaget af en bobestyrer

Nederlands (Dutch)
curatele

Français (French)
n. - (GB, Fin, Jur) sous administration judiciaire

idioms:

• in receivership    (GB, Fin, Jur) (être placé) sous administration judiciaire

Deutsch (German)
n. - Konkursverwaltung

idioms:

• in receivership    unter Konkursverwaltung

Ελληνική (Greek)
n. - (νομ.) συνδικία, καθήκοντα εισπράκτορα ή συνδίκου πτωχεύσεως

idioms:

• in receivership    υπό μεσεγγύηση

Italiano (Italian)
curatela, amministrazione finanziaria

idioms:

• in receivership    in fallimento

Português (Portuguese)
n. - síndico (m), curador (m)

idioms:

• in receivership    curadoria

Русский (Russian)
статус несостоятельного должника

idioms:

• in receivership    в статусе несостоятельного должника

Español (Spanish)
n. - sindicatura de una quiebra, administración judicial

idioms:

• in receivership    bajo el control de la administración judicial

Svenska (Swedish)
n. - konkursförvaltning

中文（简体）(Chinese (Simplified))
破产事物官职, 破产在管, 破产管理

idioms:

• in receivership    处于破产在管状态

中文（繁體）(Chinese (Traditional))
n. - 破產事物官職, 破產在管, 破產管理

idioms:

• in receivership    處於破產在管狀態

한국어 (Korean)
n. - 관재인의 직, 재산 관리를 맡음

idioms:

• in receivership    관재인의 직으로서

日本語 (Japanese)
n. - 管財人の職

idioms:

• in receivership    財産管理を受けて

العربيه (Arabic)
‏(الاسم) الحراسه القضائيه‏

עברית (Hebrew)
n. - ‮כינוס נכסים‬

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