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 ?
Since we play a value-added role in receivership through responsive customer service, understanding how to handle people and crises, as well as knowledge of the workings of a particular facility, we are oftentimes asked to stay on-board as property managers.
The KDB said STX's financial prudence has improved since its previous receivership in 2016.
Imperial Bank was immediately placed under receivership, with several CBK and Government officials expressing confidence that it would be running smoothly again soon.
New York law does not provide for conservation as an option to rehabilitation or liquidation, as is provided in the NAIC receivership model act, and certainly does not provide for a less formal regulatory supervision outside of court ordered receivership.
She said: "It is understood locally that Dinorwic Marina is in administrative receivership.
Perhaps inevitably, the receivership process shifted from solely a
Kitzman has proposed putting TWIA into receivership.
Four new leases have been signed at 111 Great Neck Road in the town of Great Neck in Nassau County, NY bringing the property, which has been in receivership since 2010, to approximately 89% occupied.
com/news/2012-07-23/fannie-mae-freddie-mac-getting-receivership-contingency-plan) reported that the Federal Housing Finance Agency has hired the accounting and consulting firm PricewaterhouseCoopers to develop a receivership plan by Oct.
an independent hotel development and management company headquartered in West Chester, Ohio, announced that it has recently signed two new contracts to manage hotels in receivership, adding 120 rooms to their management portfolio.
They have a 20-strong support team at their five offices, dealing with a large number of specialist property receivership instructions from around the country.