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No, a company in receivership cannot be forced into bankruptcy because the company is already under the control of a court-appointed receiver. The receiver's role is to manage the company's assets and operations to protect the interests of creditors. If the receiver determines that bankruptcy is necessary, they can petition the court for bankruptcy proceedings, but it cannot be forced upon them.
What else can I help you with?
What has the author Paul Lang written?
Paul Lange has written: 'The law and practice of administrative receivership and associated remedies' -- subject(s): Bankruptcy, Receivership 'Company receivership' -- subject(s): Bankruptcy, Receivership
Has revstone filed for bankruptcy?
Revstone filed for bankruptcy on 3 Dec 2012. This is immediately after a judge ordered the company into receivership. See Related Links for bankruptcy filing. See Related Links for full article on American Swindlers.
Can a business be forced into receivership?
Yes. Receivership is just a fancy name for "bankruptcy where someone is appointed to collect money owed to the debtor to pay it to creditors."
Where is the British Cotton and Wool Dyers company?
Went into receivership in 1983
Can a court order a company or person to file bankruptcy in the state of Georgia?
Bankruptcy is normally voluntary, however if your creditors feel it is required for them to get paid and you refuse, they can force it - an involuntary bankruptcy.
What is meant by the term receivership?
Receivership is what occurs when a business has been placed under the control of a "receiver", who takes the responsibility for the institution's assets. This often occurs when a business has filed for bankruptcy, or has otherwise failed to follow its financial and legal obligations.
When a company goes into receivership can it reopen again?
When a company goes into receivership, it can potentially reopen, but this depends on various factors, including the financial health of the business and the decisions made by the receiver. The primary goal of receivership is to recover debts owed to creditors, which may involve restructuring the company or selling its assets. If the receiver determines that the business can be viable with some changes, it may be restructured and reopened. However, in many cases, receivership leads to liquidation rather than a revival of operations.
Is Washington mutual a national insurance company?
No. Washington Mutual was the largest savings and loan holding company in the United States until its collapse in 2008. The Washington Mutual Bank was forced into receivership after suffering a bank run and the bank's assets were sold to JP Morgan Chase. The holding company filed bankruptcy in 2009.
What company owns the washingtonmutual website?
Washington Mutual is owned by JPMorgan after they purchased their assets back in 2008 when they where placed into receivership of the FDIC, they subsequently filed for Chapter 11 receivership
What is receivership?
receiver is someone appointed to whom is vested the legal right to receive property belonging to a company
Will bankruptcy protect me from foreclosure by my mortgage company?
Yes, bankruptcy protect you from foreclosure by your mortgage company. You can read more at www.hirby.com/mortgage-lender-filing-for-bankruptcy
How do you find out if your bankruptcy has been discharged?
Call the attorney or company that handled your bankruptcy.
