Receiver

Netting resources →Go uptown Click ᐅ to expand: Netting Tell me more Sign up for our newsletter — or just get in touch: for ½ a weekly 🍺 you get to consult JC. Ask about it here.

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.

Not to be confused with a receiving party — being the one who is sent confidential information — in an NDA.

See also

• Netting
• Bankruptcy