Examples of receivership in a Sentence
Years of financial difficulty eventually placed the company into receivership.
Recent Examples of receivership from the Web
According to testimony submitted to the foundation authorities in Bern by a former Monetas employee, the company had been on the verge of receivership since the previous spring, before the Tezos ICO.
Money that flows back to Ascot also would benefit distressed investment fund Contrarian Capital Management LLC, which owns $290 million worth of claims in the receivership, according to court records.
The pair bought the store in 2014 when Stein's went into receivership after decades of operating on downtown's west side.
The conflict dates back to 2015, when the federal receivership that oversees health care in California prisons sought to improve cleanliness and sanitation at the Stockton site.
The district later was put into receivership and a new board was elected.
Detroit was about $12 billion in debt and unable to deliver adequate city services when Gov. Rick Snyder (R) placed the city under state receivership in early 2013.
The state enlisted another out-of-state nursing home chain, Mission Health, to help keep the Skyline homes running on an emergency basis while the court proceedings, known as receivership, continue.
Two school systems under state receivership, Holyoke and Southbridge, would see aid increase by a mere 0.2 percent.
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.
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
Definition of receivership for English Language Learners
law : the state of a business that has been placed under the control of a receiver because it is bankrupt
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