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).
I was surprised to discover that Freshbake Foods, the manufacturer of frozen pastries, sausages and desserts, had recently gone into administrative receivership.
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, which was previously the UK's biggest independent electrical retailer, 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.
Lowthers Cakes and Country Bakehouse have both found buyers after going into administrative receivership in January following a request from the company's directors.
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.
Bryson attributed the quarterly loss to a charge of $77 million, or 24 cents a share, for Edison Mission Energy's Lakeland project, which was placed into administrative receivership in the United Kingdom.
Where a company subject to a whole business securitization agreement defaults, an administrative receivership or receivership will frequently ensue.

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