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Repayment of such funding is given a top priority in the Title II receivership process.
We also need a receivership process to handle nonbanks and all financial service holding companies.
If there were to be a shortfall in repaying the Treasury from the receivership process, it would be made up by a special assessment on bank holding companies with $50 billion or more in total assets, nonbank financed companies designated under Title I of the Dodd-Frank Act, and other financial companies with $50 billion or more of total assets.
While the company can use a local-court receivership process, it cannot use the U.S. bankruptcy code.
We need a special receivership process that is outside bankruptcy, patterned after the one we use for insured banks and thrifts.
Similar(55)
Chris Stevens, partner at FRP, said: "Corporate insolvencies only tell part of the picture as many care home closures or business failures occur via receiverships – processes where lenders can often take control of premises owned by sole traders or partnerships in financial difficulty.
"Through receivership, the process of selling the carmaker will be sped up by giving courts better control of the company," said Joe Lee, an analyst at Daiwa Securities.
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.
Feuer's office already can ask the courts to put vacant nuisance properties into receivership, but it rarely employs the process, which requires an attorney to petition a judge.
The difference between a "stress test" and the process of a government receivership is that the former allows the government to disguise how bad things are, while the latter forces the issue and gets on with the cure.
Receivership is more serious than the administration process in the UK, which increases fears for HMV's 300 Irish jobs.
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