Trustee management of an organisation, typically due to insolvency
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In law, receivership is a situation in which an institution or enterprise is held by a receiver – a person "placed in the custodial responsibility for the property of others, including tangible and intangible assets and rights" – especially in cases where a company cannot meet its financial obligations and is said to be insolvent.[1] The receivership remedy is an equitable remedy that emerged in the English chancery courts, where receivers were appointed to protect real property.[2] Receiverships are also a remedy of last resort in litigation involving the conduct of executive agencies that fail to comply with constitutional or statutory obligations to populations that rely on those agencies for their basic human rights.[citation needed]
^Weingart, Liat (4 August 2011). "Receiverships in the Prison Litigation Context". Cardozo Public Law, Policy and Ethics Journal (Fall 20). SSRN 1905159.
In law, receivership is a situation in which an institution or enterprise is held by a receiver – a person "placed in the custodial responsibility for...
continents. On February 17, 2009, U.S. Federal agents placed the company into receivership due to charges of fraud. Ten days later, the U.S. Securities and Exchange...
formerly the ceramics division of the Coloroll Group. Coloroll went into receivership in 1990 and the ceramics division was subject to a management buyout...
difficulties beginning in the late 1990s led to the company entering receivership in March 2003, after which the trademark was acquired by Sports Direct...
Republic First Bancorp, doing business as Republic Bank, was a Philadelphia-based bank from 1988–2024. In 2008, the bank shifted from commercial banking...
2009, after recording a $75.42 million loss, the company was put into receivership. This may have been due to the global economic crisis and shrinking demand...
can be placed under conservatorship, as a less extreme alternative to receivership. Whereas a receiver is expected to terminate the rights of shareholders...
restoration programme in 2004 at a cost of €24 million but went into receivership in 2012, and was sold. Under American ownership, it abruptly closed in...
the Bankruptcy Law (11.101/05) governs court-ordered or out-of-court receivership and bankruptcy and only applies to public companies (publicly traded...
municipal government, the first Massachusetts city to be put into state receivership since the Great Depression. Weld named Jim Carlin, a businessman and...
line on January 21, 1981.. The DeLorean Motor Company was placed into receivership in February 1982 and filed bankruptcy on October 26 of that year, just...
contract TriGem for the manufacture of its laptops. During TriGem's time in receivership (see below), Averatec continued to design and deliver laptops to stores...
group, including the main Irish and UK operations, were placed into receivership and acquired by KPS Capital Partners, a New York–based private equity...
this time.[citation needed] Operations resumed in January 1983 under receivership. The government purchased two new Boeing 737 aircraft and announced plans...
themed market streets. Themes International and the Safari Park entered receivership in January 1992, with debts of £40m and closed shortly afterwards; the...
receiver. The process, latterly known as administrative receivership or, in Scotland, receivership, has existed for many years and has often resulted in...
motorcycles, based in East Troy, Wisconsin, USA. The business entered receivership in April 2015. After two previous attempts, the business remnants were...
exist towards the Landsbanki receivership as a so-called "First priority claim", and will be met in full if the receivership succeeds to liquidate assets...
sold his Seil stake and used the money obtained to acquire a company under receivership, Gyeonggi Chemical (later renamed KG Chemical), initially a fertilizer...
financial health. A month later, in November 1989, Qintex Ltd went into receivership with debts of over A$1.9 billion. The collapse happened just six weeks...
March 2021 the Llangollen Railway PLC announced that it was going into receivership, with debts of about £350,000 and "no prospect" of meeting its liabilities...
Wedgwood was forced into receivership in early 2009 during the Great Recession. On 5 January 2009, news of the receivership of Waterford Wedgwood PLC...
family tried to sell the business, but failed. The company went into receivership and ceased its operations. Grew Manufacturing traces its roots to Gidley...
purchase by Rolls-Royce of Bentley, then in receivership. In 1971, Rolls-Royce itself was forced into receivership and the UK government nationalised the company—splitting...
Ltd was liquidated by the court, and Stripe Media went into voluntary receivership, with a receivers report claiming over $20 million of debt. Breingan...