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ReceiverA person appointed by a court to wind up the affairs of a company and to utilise assets to pay its creditors.ReceiverA bankruptcy practitioner appointed by secured creditors to oversee the repayment of debts.Receiver Similar MatchesReceivers certificateReceivers certificateA debt instrument issued by a receiver and serving as a lien on the property, which provides funding to continue operations or to protect assets in receivership. Administrative receiverAdministrative receiverAn insolvency practitioner appointed when a company goes into receivership. If a company is unsalvageable, it may go straight to administrative receivership, presided over by an administrative receiver, usually known simply as the receiver. ReceivershipReceivershipWhen a company cannot meet its financial commitments, one or more of its main creditors may appoint a receiver. The receiver takes over running of the company, doing whatever he thinks best to help the appointing creditor get its money back. |
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