Receivership


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Related to Receivership: liquidation

Receivership

In corporate bankruptcy, a situation in which a court or regulator appoints a custodian to administer all assets and debts. This custodian is known as a receiver; his/her duty is to pay off as many debts as possible as cheaply as possible. One obvious way to do this is to liquidate the company, but this is not always done. The receiver may restructure the company to put it on a path toward solvency.

In the United States, different financial regulators have the authority to decide whether receiverships are necessary. The Office of Thrift Supervision may do this for savings and loans; the Office of the Comptroller of the Currency for national banks. In any federally-chartered savings and loan or bank, the FDIC must be appointed receiver.
References in periodicals archive ?
The skepticism of the merits of receivership practice spread
Kitzman's job is also on the line - as Zaffirini and other lawmakers concerned with her proposal to put TWIA into receivership have pointed out.
Since taking receivership of the building, Mollen also has cultivated relationships with the current tenant community and has negotiated substantial renewals to maintain stability and promote long-term financial growth for the property.
The team of lawyers, accountants, and other professionals who are working for the Receiver will continue vigorous efforts to secure funds owed to the Receivership estate in order to return to investor-victims and creditors as much of what they have lost as possible.
8220;There is a great deal of uncertainty in receivership work since the property condition is unknown, vendor and franchise relations are strained, and customer service is often not up to par.
We're continuing to obtain a significant number of Receivership instructions.
FHFA's proposal would establish a framework for conservatorship and receivership operations for Fannie Mae, Freddie Mac and the Federal Home Loan Banks, under the Housing and Economic Recovery Act of 2008 (HERA).
Having some knowledge of receivership (or getting involved now), will keep you ahead of the curve as we approach 2012 and 2013.
CAIRO: The Engineers Against Receivership, a group formed to end government control over the syndicate, protested on Tuesday in front of the Ministry of Water Resources and Irrigation against the ministry's refusal to organize a general assembly for the Engineers' Syndicate.
Two commercial real estate loans serviced by Business Partners LLC that are currently going through a receivership and a bankruptcy were participated out to other credit unions.
A state court receivership is an amalgamation of certain principles inherent in both bankruptcy and agency law.