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You file a "prof of claim" with the court and wait in line. Frequently you only get pennies on the dollar owed.

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16y ago

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Where is the British Cotton and Wool Dyers company?

Went into receivership in 1983


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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.


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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


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receiver is someone appointed to whom is vested the legal right to receive property belonging to a company


Can you force a company in receivership into bankruptcy?

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.


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A payment made by a company to its shareholders is called a dividend.