The receiver may: 1  Run the company in order 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.  Secure the assets of the company and/or entity.
A court order is an official proclamation by a judge (or panel of judges) that defines the legal relationships between the parties to a hearing, a trial, an appeal or other court proceedings.he content and provisions of a court order depend on the type of proceeding, the phase of the proceedings in which they are issued, and the procedural and evidentiary rules that govern the proceedings.
court order - a writ issued by a court of law requiring a person to do something or to refrain from doing something. warrant - a writ from a court commanding police to perform specified acts. assize - an ancient writ issued by a court of assize to the sheriff for the recovery of property. certiorari, writ of certiorari - a common law writ issued by a superior court to one of inferior jurisdiction demanding the record of a particular case.