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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.
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Is welcome in receivership?
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Is welcome finance in receivership?
Yes
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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."
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
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