Official Receiver


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Official Receiver

an officer appointed by the Department of Trade and Industry to receive the income and manage the estate of a bankrupt pending the appointment of a trustee in bankruptcy
References in periodicals archive ?
When the Official Receiver investigated the bankrupt's estate, these expenditures were brought to light.
The Official Receiver, part of the Insolvency Service, has been managing British Steel since it entered into compulsory liquidation in May.
He said the Official Receiver had "oversight" of the work done by the special managers and thought what they were charging was reasonable.
The company was transferred to the Official Receiver because British Steel, its shareholders and the Government were not able to support the business.
Steven Baxter, Official Receiver at the Insolvency Service, said: "It is urgent that members of the public with reservations at Charnwood Lodge contact my office to receive information regarding their booking.
While declaring bankruptcy, one will have to show the court and the Official Receiver that one's debts far outweigh assets in their name.
The figure was revealed in a series of reports that were written by the official receiver examining the Carillion businesses currently in liquidation.
A spokesman for the Official Receiver said: "We have continued to review Carillion's contracts, as well as core divisions of the business, and I can confirm that we have safeguarded a further 1,221 jobs.
The Official Receiver said yesterday that the jobs covered a variety of roles connected with private and public contracts across the country, as well as back office functions.
Cabinet Office Minister David Lidington told MPs he understood the concern over pay and bonuses and said the Official Receiver could recover payments if "there is evidence of misconduct".
"An application was made to the [UK] High Court for a compulsory liquidation of Carillion before opening of business today and an order has been granted to appoint the official receiver as the liquidator of Carillion."
"An application was made to the High Court for a compulsory liquidation of Carillion before opening of business today and an order has been granted to appoint the Official Receiver as the liquidator of Carillion," the company said in a statement.