Sentence examples for receivership procedure from inspiring English sources

This administrator, however, will take care of the interests of all creditors (and not only of the floating charge holder, unlike in the administrative receivership procedure, see Appendix A.4).

As it was noted, after the disappearance of the administrative receivership procedure (after September 15 , 2003, judicial supervision (through the process of administration) has become the standard way to proceed in UK Law.

The main insolvency procedure before the Enterprise Act 2002, administrative receivership, is normally characterised as a foreclosure, since it was a procedure for the enforcement of a security interest (a floating charge) covering all or nearly all the assets of the debtor firm, while administration is normally classified as a bankruptcy procedure (Djankov et al. 2008).

We have been warned about an implosion even worse than that created by the Lehman bankruptcy if the government follows normal procedure and puts bankrupt giants like Citibank into an FDIC receivership, as is done all the time with smaller banks.

Legal requirements and procedures vary depending on whether the business is in administration, administrative receivership or liquidation and you will need to research the differences between these states.

If a company undergoes bankruptcy and receivership, the court may appoint someone to head the operation.

Daihyaku is in receivership.

Paramount went into receivership.

ZapSib was put into receivership.

Some of them had already gone into receivership.

They were not nationalized or put into receivership.