receivership Synonyms
No Synonyms and anytonyms found
receivership Meaning
receivership (n)
the state of property that is in the hands of a receiver
a court action that places property under the control of a receiver during litigation so that it can be preserved for the benefit of all
the office of a receiver
receivership (n.)
The state or office of a receiver.
receivership Sentence Examples
- The company was forced into receivership due to its inability to repay its debts.
- The receivership process is designed to preserve the assets of the company and distribute them equitably to creditors.
- The receivers appointed by the court will oversee the company's operations and make decisions on its behalf.
- During receivership, the company's management is typically removed and replaced with receivers who have the legal authority to run the business.
- Creditors have the right to file claims with the receivers during the receivership process.
- The length of a receivership can vary significantly depending on the complexity of the case.
- The ultimate goal of receivership is to resolve the financial difficulties of the company and either rehabilitate it or liquidate its assets.
- Companies in receivership may be subject to certain restrictions, such as limitations on spending and the ability to enter into new contracts.
- Receivership can be a challenging experience for the employees, creditors, and other stakeholders of the company.
- It is important to seek legal advice from an experienced attorney if you are considering receivership for your business.
FAQs About the word receivership
the state of property that is in the hands of a receiver, a court action that places property under the control of a receiver during litigation so that it can b
No synonyms found.
No antonyms found.
The company was forced into receivership due to its inability to repay its debts.
The receivership process is designed to preserve the assets of the company and distribute them equitably to creditors.
The receivers appointed by the court will oversee the company's operations and make decisions on its behalf.
During receivership, the company's management is typically removed and replaced with receivers who have the legal authority to run the business.
