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.
1. official document - (law) a document that states some contractual relationship or grants some right. legal document, legal instrument, instrument. document, papers, written document-writing that provides information (especially information of an official nature).articles of incorporation-a legal document that creates a corporation; it is filed with a state by the founders of a corporation and is governed by the laws of the state.. official document - (law) a document that states some contractual relationship or grants some right. legal document, legal instrument, instrument. document, papers, written document-writing that provides information (especially information of an official nature).