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A receivership is when an external administrator known as a "receiver" (usually a "receiver and manager" if it requires controlling the company) is appointed by a secured creditor to sell off a company's assets in order to repay the secured debt, or by the court to protect the company's assets or carry out other tasks. [1]
In law, receivership is a situation in which an institution or enterprise is held by a receiver – a person "placed in the custodial responsibility for the property of others, including tangible and intangible assets and rights" – especially in cases where a company cannot meet its financial obligations and is said to be insolvent. [1]
A receivership is a court order to restructure debt, placing control of the company under a receivership. The principals of the company will stay in place and retain their titles, but likely will ...
Provisional liquidation is a process which exists as part of the corporate insolvency laws of a number of common law jurisdictions whereby after the lodging of a petition for the winding-up of a company by the court, but before the court hears and determines the petition, the court may appoint a liquidator on a "provisional" basis. [1]
The New Jersey Office of Administrative Law (OAL) is the state administrative law agency responsible for publishing the New Jersey Register and the New Jersey Administrative Code pursuant to the New Jersey Administrative Procedure Act. [1]
New Jersey Office of Administrative Law; New Jersey stormwater management rules; R. New Jersey Register This page was last edited on 1 October 2024, at 03:08 (UTC). ...
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