Administrative Receiver

Administrative Receiver

In corporate bankruptcy, a custodian appointed by a court or regulator who is charged with the administration of all assets and debts. The administrative receiver's duty is to pay off as many debts as possible as cheaply as possible without liquidating the company. In general, this means the receiver restructures the company to put it on a path toward solvency. See also: Receivership.
References in periodicals archive ?
Adrian Berry, Joint Administrative Receiver at Deloittes said: "The hotels have, to varying degrees, been affected by the poor market conditions of recent times, and have good underlying businesses in central locations, making them an attractive opportunity for prospective purchasers.
Administrators move in at hotels group
Ross Connock, joint administrative receiver and director at PwC said: "We are pleased to have secured a sale of the business to Gerald D Harries &Sons that protects 66 jobs in West Wales and secures value for the creditors of F.
Sales of assets of quarry firm saves 66 jobs
The administrative receiver of Buczek Automotive was also reluctant to discuss the case, but when pressed about the firm's future, he conceded: "It doesn't have a future.
Brussels administers coup de grace to mothballed polish auto parts producer
Joint Administrative Receiver Joanne Wright said: "We appreciate that this is an extremely concerning time for the employees of Summit Precision Engineering.
Borough firm in job cuts
Shortly after the appointment of Price Waterhouse Coopers as administrative receiver the warehouse management systems division was sold to Anisa UK, and its shipping and logistics division was sold to Nottingham-based Four Soft UK, involving the switch of all the UK staff and most 126 overseas employees in India, Singapore and America to the new owners.
Brief Case
AnswerCall Direct, which operates out of Armagh, has called in PricewaterhouseCoopers (PwC) as joint administrative receiver after hitting problems following the loss of contracts.
200 FACE AXE IN CALL CENTRE
Situated in east Glasgow, the company, which employs 230 workers, has been operating under joint administrative receiver Iain Bennet from PricewaterhouseCoopers.
British beef manufacturer ABP acquires Scottish sausage plant
Joint administrative receiver Michael Horrocks said: "We will be holding talks with suppliers and customers over the next few days to seek their support to allow trading to continue while a purchaser is sought.
Freshbake goes under
Nobuyuki Hirabayashi, former chairman of Tsuneishi, will serve as an administrative receiver, the company said.
Shipbuilder Tsuneishi to help rebuild Higashinihon-Ferry
Joint administrative receiver Andrew Andronikou issued a statement to the creditors.
Receivers set up meeting for Equus creditors
Pivotal Games Limited was placed into administrative receivership on 5 September 2003 following the appointment of an administrative receiver.
Eidos plc Board Changes
Steve Burke, construction director at St Modwen, said: "We have been advised that an administrative receiver has been appointed.
Ashford collapse halts power worker college; CONSTRUCTION
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