Well you can start by talking to the Company &/or the receivor. At the very least, you can easily bid on the assets coming up for sale. I'm trying to figure out how to say if you don't understand that, or that a C-7 dissolution is only done if the sale as a going concern is believed impossible (because there is substantially more debt than possible value) or would get less money than the assets, even at fire sale, are expected to bring, maybe you need to employ the individual legal and financial help to assist and explain specific to the circumstances options to you, without seeming too rude. You understand, that like most business deals, that any acceptable offer to the court/trustee/creditors has to be from a party able to provide documentation (financials) that they can perform?
Went into receivership in 1983
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.
To address a default against your name from a company that has gone into receivership, you should first contact the receivers or insolvency practitioners managing the company's assets. Request clarification on your situation and provide evidence to support your claim that the default is unjust. Additionally, consider reaching out to credit reporting agencies to dispute the default and ensure they have accurate information. Lastly, seek legal advice if the issue persists or if you require assistance in resolving the matter.
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
Paul Lange has written: 'The law and practice of administrative receivership and associated remedies' -- subject(s): Bankruptcy, Receivership 'Company receivership' -- subject(s): Bankruptcy, Receivership
receiver is someone appointed to whom is vested the legal right to receive property belonging to a company
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.
You file a "prof of claim" with the court and wait in line. Frequently you only get pennies on the dollar owed.
Yes
I believe the company that makes them has fallen victim to the economic collapse and gone out of business.
Are you asking if you can buy a car from a bankrupt company? If so, then the answer is yes. For example, you can still buy a Pontiac even though the company has gone bankrupt because they still need to sell their remaining automobiles that are left in inventory.
"equity receivership" may be taken to include allproceedings in which a receiver is appointed by an equity court for any purpose.