Court-appointed receivers are the most powerful and independent of the judicially appointed managers. 1  Unlike special masters and monitors, the receiver completely displaces the defendants: the receiver makes large and small decisions, spends the organization’s funds, and controls hiring and firing determinations..
https://en.wikipedia.org/wiki/Receivership
Definition of receiver: Independent, impartial party appointed by a court to receive, manage, and preserve (1) a disputed property which is the subject matter of a court case, pending final disposition of the lawsuit, or (2) ...
http://www.businessdictionary.com/definition/receiver.html
In most cases the receiver is given ultimate decision-making powers and has full discretion in deciding how the received assets will be managed. A type of corporate bankruptcy in which a receiver is appointed by bankruptcy courts or creditors to run the company. The receiver may be appointed by a bankruptcy court, as a matter of private proceedings, or by a governing body.
https://www.investopedia.com/terms/r/receivership.asp
Receivership - See also. 1  Administration. 2  Bankruptcy. 3  Conservatorship. 4  Debtor-in-possession financing. 5  Examinership. 6  Floating charge. 7  Liquidator (law) 8  Official Receiver.
https://en.wikipedia.org/wiki/Receivership
Related Terms. 1. Independent, impartial party appointed by a court to receive, manage, and preserve (1) a disputed property which is the subject matter of a court case, pending final disposition of the lawsuit, or (2) an endangered property for the benefit of those who are entitled to it.
http://www.businessdictionary.com/definition/receiver.html
What is 'Receivership' Receivership is a type of corporate bankruptcy in which a receiver is appointed by bankruptcy courts or creditors to run the company. The receiver may be appointed by a bankruptcy court as a matter of private proceedings, or by a governing body.
https://www.investopedia.com/terms/r/receivership.asp
The receiver is mandated to take control (but not the title to) the pledged assets or the property to which debt is charged (and nothing else) to collect sufficient amount to repay the debt (plus his or her fees or expenses). Receivers are usually granted very wide powers and, in addition, they assume the powers of the directors.
http://www.businessdictionary.com/definition/receiver.html
Although a receiver must try to save the firm, in practice nearly every firm in receivership is either sold or liquidated. Notice of the appointment of a receiver must be given to the appropriate authorities, and all stationery and official documents (invoices, letters, orders, receipts, etc.) of the firm must bear the notice of receivership.
http://www.businessdictionary.com/definition/receiver.html
Related Terms. 1  1. Independent, impartial party appointed by a court to receive, manage, and preserve (1) a disputed property which is the subject matter of a court case, pending final disposition of the lawsuit, or (2) an endangered property for the benefit of those who are entitled to it.
http://www.businessdictionary.com/definition/receiver.html
The receiver may: 1  Run the company to maximize the value of the company's assets, sell the company as a whole, or sell part of the company and close unprofitable divisions. 2  Secure the assets of the company or entity. 3  Realize the assets of the company or entity. 4  Manage company affairs to pay debts.
https://en.wikipedia.org/wiki/Receivership
what is a receivership?
Receivership is a type of corporate bankruptcy in which a receiver is appointed by bankruptcy courts or creditors to run the company.