examinership Sentence Examples
- The examinership process provides a mechanism for restructuring a financially distressed company.
- The examinership process is typically initiated by the company's board of directors or shareholders.
- The application for examinership is filed with the relevant court.
- If the court approves the application, the company will be placed into examinership for a period of up to 100 days.
- During the examinership period, the company's operations will continue under the supervision of an examiner.
- The examiner will have a number of powers, including the power to investigate the company's affairs, to propose a restructuring plan, and to negotiate with the company's creditors.
- The examiner will also be responsible for convening meetings of the company's creditors and shareholders.
- Creditors and shareholders will have the opportunity to vote on the examiner's proposed restructuring plan.
- If the restructuring plan is approved, the company will be able to continue trading.
- If the restructuring plan is not approved, Examinership is lifted, and the company is usually liquidated.
examinership Meaning
Webster
examinership (n.)
The office or rank of an examiner.
Synonyms & Antonyms of examinership
No Synonyms and anytonyms found
FAQs About the word examinership
The office or rank of an examiner.
No synonyms found.
No antonyms found.
The examinership process provides a mechanism for restructuring a financially distressed company.
The examinership process is typically initiated by the company's board of directors or shareholders.
The application for examinership is filed with the relevant court.
If the court approves the application, the company will be placed into examinership for a period of up to 100 days.
