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Receiver: Difference between revisions
Removed redirect to Receiving party
Amwelladmin (talk | contribs) (Changed redirect target from Receiving Party to Receiving party) Tag: Redirect target changed |
Amwelladmin (talk | contribs) (Removed redirect to Receiving party) Tag: Removed redirect |
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{{a|netting|}}{{d|Receiver|/rɪˈsiːvə/|n}}A professional appointed by a Court or by secured creditors, to oversee the process of liquidating a bankrupt, oir at any rated, distressed, company. The receiver may manage the business as a going concern or take steps to wind up its affairs, selling its assets, paying off its debts, and distributing any remaining assets to shareholders or creditors. | |||
What it can do, when, and at whose direction depends on the insolvency rules for the particular jurisdiction type and entity. | |||
Similar, but related terms: [[liquidator]], [[administrator]], [[assignee]], [[insolvency trustee]], [[examiner]]. | |||