receivership

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receivership

Law
1. the office or function of a receiver
2. the condition of being administered by a receiver
References in periodicals archive ?
"Northern Precision operated in a very similar field so when we heard it had gone into administrative receivership, we saw a great opportunity to increase our capacity and take on good people with the right skills.
The plant, formerly owned by Freshbake Foods Limited, went into administrative receivership in late June and had been bought for an undisclosed sum through Irish Food's UK subsidiary Anglo Beef Processors (ABP).
A COVENTRY firm which employs about 300 people making motor panels has suddenly gone into administrative receivership.
Administrative receivership will be abolished, except in a few technical instances, and a streamlined administration procedure will operate whereby an administrator may be appointed both in and out of court.
The firm went into administrative receivership yesterday.
Around 850 jobs were lost when Tremorfa-based ASW went into administrative receivership last July, and steel union ISTC now wants to meet with Celsa to discuss how the vacancies will be filled.
The DTI's Insolvency Service has been brought in to scrutinise the accounts of former owners Jazz Enterprises Limited which went into administrative receivership in August 2001.
Under an administrative receivership, HUD appoints either a contractor or a HUD employee to take over the housing authority's management.
5234, July 2001), proposed to abolish administrative receivership, except in connection with certain transactions in the capital markets.
The Aylesbury-based firm, who have a UK network of 400 petrol stations stretching from Devon to the north of Scotland, passed into administrative receivership last night after failing to agree funding terms with their bankers.
PLC, Surrey, England, placed their firm into administrative receivership March 5.
The administrative receivership of Koza Ipek Holding followed similar moves against other institutions said to be affiliated to the Hizmet movement, and it has been perceived by many as unfair and a targeted attack.

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