Recievership was not voluntary can you get out of it?

Answer 1

There are always ways things can be done. Its reasonable to say if you pay your debts off the BK will be withdrawn. Maybe, if there is only one or a few parties really forcing the involuntary portion, making an arrangement they agree to and holding to it, say a payment plan, or just paying them off, will essentially stop the process. Of course, how willing they are to do this really depends on how much and how fast it seems they would get in the BK process (reasonable to say they won't take less, and reasonable to expect they now consider the debt increased by the costs of trying to collect). But, basically, the reason invol. BK exists, along with liens and attachment/seizure of property, etc, is to allow creditors to recover at least some of what they are owed from someone who isn't paying....and it isn't a process the creditors want to do either...but it is difficult if not impossible to stop it without paying what you owe.