Examples of receivership in a Sentence
Years of financial difficulty eventually placed the company into receivership.
Recent Examples of receivership from the Web
The goal of the receivership was to bring in a new operator for the nursing home with no guarantee of money for vendors’ unpaid bills.
The receivership enables the company to continue to provide services to the residents of its nursing homes and assisted-living centers and to pay its employees and vendors.
In this case, however, a receivership may be a better route for QCP to gain control of ManorCare than pushing ManorCare into bankruptcy.
Hancock-Whitney Bank, which had acquired some First NBC branches earlier in the year, took over the remaining ones in a receivership deal with the Federal Deposit Insurance Corp.
Hanjin filed for chapter 15 bankruptcy protection in the U.S. just days after filing for receivership in South Korea.
Officials with Baltimore Housing went to court Wednesday to begin receivership proceedings on the property, said Tania Baker, an agency spokeswoman.
The city earlier persuaded a court to have properties owned by Mohammad Choudry placed in receivership.
At this time, there is no timeline for Hamtramck being released from receivership.
These example sentences are selected automatically from various online news sources to reflect current usage of the word 'receivership.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.
First Known Use of receivership
Financial Definition of RECEIVERSHIP
What It Is
How It Works
In a receivership, a receiver takes custody of the company's property and operations. A court appoints the receiver.
The receiver's job is to pay down as much debt as possible. This usually means selling company assets, laying off employees and liquidating inventories.
Why It Matters
Companies that are in receivership are at the mercy of the receiver. In fact, the receivers control the company, making decisions large and small, and the receivers have court-appointed authority to do so. Accordingly, companies that are in receivership are usually on their last legs.
RECEIVERSHIP Defined for English Language Learners
legal Definition of receivership
Seen and Heard
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