receivership


Also found in: Dictionary, Thesaurus, Legal, Financial, Wikipedia.
Related to receivership: liquidation

receivership

Law
1. the office or function of a receiver
2. the condition of being administered by a receiver
References in periodicals archive ?
Scotbet, however, has blamed the policy for its financial woes after being sold to Scotb123 Ltd as part of the receivership deal in an attempt to save 127 jobs across the remaining 30 stores.
IBLR has been under receivership since October 2015 after it was found to be operating two sets of books, with a potential fraud of Sh44.9 billion.
KPH, in contrast, argued the receivership case is far from over.
With the completion of the receivership, according to Deputy Prime Minister Koco Angjusev, an end was put to the workers' ordeal and their not being paid any wages for months.
(1) Within seven days after entry of the order of appointment, the receiver shall file an acceptance of receivership with the court and serve it on all parties.
However, putting NYCHA into a HUD receivership is a drastic measure that is more likely to exacerbate the existing problems.
NOTICE IS HEREBY GIVEN that the preferential creditors of the abovenamed Company, which is in receivership, are required on or before the 28th of April 2019, to send in their names and addresses and particulars of their debts or claims, and the names and addresses of their solicitors, if any, to Declan McDonald Receiver, PwC, One Spencer Dock, North Wall Quay, Dublin 1, and if so required by notice in writing from the said Receiver are, by their solicitors or personally, to come in and prove their said debts or claims at such time and place as shall be specified in such notice, or in default thereof they will be excluded from the benefit of any distribution made before such debts are proved.
figure By BRIAN WASUNA As Karuturi and Stanbic Bank await a landmark court decision that will determine whether company directors are liable for debts accrued during receivership, the aftermath of the ongoing war coupled with the flower farm's previous troubles have left behind ruins at the firm that used to be Kenya's largest flower exporter.Once worth $90.951 million (Sh9.2 billion), most of the crucial assets Karuturi relied on to make it one of the world's go-to sources of fresh roses now look like a scene from a post-apocalyptic movie.
The court affirmed a case in which an appellant challenged a grant of summary judgment based on the District Court's rejection of his argument that a receiver lacked the authority to pierce the corporate veil of a corporation in receivership.
The court noted the issue on the validity of the resolution of the Bangko Sentral ng Pilipinas's Monetary Board (BSP MB) placing the bank under receivership is still pending before the Supreme Court (SC).
You may remember that, back in May, the New Jersey company saw two of its 21 skilled nursing facilities in Arkansas put into receivership.
In his decision to refer the law, the president cited its unimplementability with respect to persons for whom a receivership order was issued and unnecessary for rightfully-reinstatedpersons.