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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]
Your choices may include filing for bankruptcy or restructuring the company under a receivership.... If you run a company that has found itself with unmanageable debt, you might be weighing your ...
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]
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]
What does receivership mean for Providence Place mall? In a receivership, the court appoints an independent “receiver” or trustee to oversee a troubled company’s business and is given great ...
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]
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