The state of being administered or held by a receiver.
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An administrative stage in which a company that is in the midst of bankruptcy proceedings attempts to put its affairs in order with the help of a court-appointed trustee. A company is said to be in receivership if it is attempting to avoid liquidation.
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The situation of being in the control of a receiver; functioning as a corporate- or court-appointed receiver; the proceeding at which a receiver is appointed by the court. See also bankruptcy.
If the person acting on the claimant's behalf has power of attorney or receivership they need not apply to become an appointee.
The Center will open toward the end of 2006 although we have recently heard that unfortunately the main building contactor has gone into receivership.
Administrative Receivership New provisions prohibit a floating charge holder from appointing an Administrative Receiver, subject to certain exceptions.
Support for Banks and other mortgagees We can offer lenders expert and strategic advice on all aspects of property-based recovery and fixed charge receivership.
The company went into administrative receivership on 26 September 2002.