put into receivership

USAGE SUMMARY

The phrase "put into receivership" is correct and usable in written English.
It is typically used in a legal or financial context to describe the process of placing a company or asset under the control of a receiver due to insolvency or financial distress. Example: "The struggling company was put into receivership after failing to meet its financial obligations."

✓ Grammatically correct

News & Media

Wiki

Human-verified examples from authoritative sources

Exact Expressions

32 human-written examples

ZapSib was put into receivership.

The New York Times

They were not nationalized or put into receivership.

The New Yorker

The court rejected a proposal by the company that it be put into receivership instead.

The New York Times

The board of directors at Landsbanki were dismissed and the bank put into receivership yesterday morning.

The Guardian - Money

Another was the news that Waterford Wedgwood had been put into receivership, with debts in the millions.

The Guardian - Arts

In a provision titled, "Liquidation required," Mrs. Boxer's amendment states: "All financial companies put into receivership under this title shall be liquidated.

The New York Times

Human-verified similar examples from authoritative sources

Similar Expressions

26 human-written examples

He has been put into political receivership by an international financial establishment that could no longer trust his management of the economy.

The Guardian

In 1995 they gave up the fight and Union International was put into administrative receivership, effectively relinquishing family control of these assets.

The Guardian

Weaver now faces the challenge of replacing Flint's lead-laden pipes, as congressional obstruction has blocked federal funding for the city, and to return the city to local control after it was put into state receivership.

The Guardian

The government has been under intense pressure from the I.M.F. to put Kabul Bank into receivership, prosecute wrongdoers and strengthen the enforcement of banking regulations.

The New York Times

Goldman has asked a Seoul court to put Jinro into receivership, while Jinro has asked the court to seize $270 million worth of Jinro bonds held by Goldman.

The New York Times

Expert writing Tips

Best practice

When using "put into receivership", ensure the context clearly indicates the entity being placed under receivership and the reason for the action, such as financial instability or failure to meet obligations. Be specific about the entity or assets that are affected by the receivership.

Common error

Avoid using "put into receivership" interchangeably with "declared bankruptcy". Receivership is a process where a receiver manages the assets, while bankruptcy involves a legal process that could end with liquidation or reorganization.

Linguistic Context

The phrase "put into receivership" functions as a passive construction, indicating that an entity is being subjected to a specific legal or financial process. It describes the action of placing a company, asset, or organization under the control of a receiver.

Expression frequency: Common

Frequent in

News & Media

76%

Wiki

6%

Formal & Business

4%

Less common in

Science

4%

Academia

3%

Encyclopedias

1%

Ludwig's WRAP-UP

In summary, "put into receivership" is a commonly used phrase, as Ludwig AI confirms, in financial and legal contexts to describe the process of placing an organization under the control of a receiver due to financial difficulties. Predominantly found in news and media sources, the phrase carries a neutral to professional tone. Related phrases include "placed in receivership" and "taken into receivership", offering slight variations in emphasis. When using this phrase, ensure the context clearly identifies the entity and reason for the action, differentiating it from bankruptcy. This phrase is useful for clearly communicating specific financial and legal actions.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

placed in receivership

Uses "placed" instead of "put", creating a slightly more formal tone.

taken into receivership

Emphasizes the action of being taken under control.

subjected to receivership

More formal and emphasizes the imposition of receivership.

under receivership management

Highlights the management aspect of the process.

in receivership

Shorter and more direct, focusing on the state of being in receivership.

handed over to a receiver

Focuses on the act of transferring control to a receiver.

assigned to a receiver

Highlights the assignment of a receiver to manage the entity.

receivership commenced

More formal and emphasizes the start of the receivership process.

control passed to a receiver

Emphasizes the transfer of control.

liquidated under receivership

Focuses on liquidation as the result of being in receivership.

FAQs

What does it mean when a company is "put into receivership"?

When a company is "put into receivership", it means a court-appointed receiver takes control of the company's assets and operations to manage its debts, potentially reorganizing or liquidating the company to pay creditors.

What are some alternative phrases for "put into receivership"?

You can use alternatives like "placed in receivership", "taken into receivership", or "subjected to receivership" depending on the desired level of formality.

How does being "put into receivership" differ from declaring bankruptcy?

While both relate to financial distress, "put into receivership" involves a court-appointed receiver managing assets, whereas bankruptcy is a broader legal process that can lead to reorganization or liquidation. Receivership can be a step taken prior to bankruptcy.

Who decides whether a company is "put into receivership"?

The decision to "put into receivership" is typically made by a court, often at the request of creditors seeking to recover debts from a financially distressed company.