Examples of receivership in a Sentence
Years of financial difficulty eventually placed the company into receivership.
Recent Examples of receivership from the Web
Read: Lawsuit: Subsidized housing owner concealing hazards Read: 'Nuisance' apartments placed in receivershipHUD argued the Alms Hill Apartments has major health and safety problems citing four failed inspections.
After the lawsuit, the school went into court receivership.
The decision handed down by U.S. District Judge Timothy S. Black, allows the Alms Hill Apartments to remain in state-court appointed receivership instead of possibly becoming a vacant building, until a new purchaser can be found.
At this time, there is no timeline for Hamtramck being released from receivership.
The settlement is subject to approval by a federal court in Oregon that is overseeing the receivership of the investment firm that owned the loans, Aequitas Capital Management LLC.
The city earlier persuaded a court to have properties owned by Mohammad Choudry placed in receivership.
Officials with Baltimore Housing went to court Wednesday to begin receivership proceedings on the property, said Tania Baker, an agency spokeswoman.
Hanjin filed for chapter 15 bankruptcy protection in the U.S. just days after filing for receivership in South Korea.
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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