A person appointed, ordinarily by a court, to receive, and hold in trust, money or other property which is the subject of litigation, pending the suit; a person appointed to take charge of the estate and effects of a corporation, and to do other acts necessary to winding up its affairs, in certain cases.
A person appointed by the court to receive and preserve the property or funds that are the subject of litigation.
A court-appointed person who holds property and any income from it pending a court-ordered final resolution of the legal dispute.
A person appointed to collect all incoming funds.
The person appointed to "receive" and administer the rents and profits, or other moneys, accruing to an estate or business undertaking which is administered or wound-up under the supervision of the court. Official Receivers are of officials permanently employed to act in that capacity in bankruptcy proceedings or the winding-up of joint-stock companies.
Someone appointed by the court, or under statute, to protect and preserve property, or to receive income from property and apply it as directed.
A person who is appointed by a court to receive, and hold in trust, property in litigation.
An impartial person appointed by the court to administer properties involved in foreclosure or other litigation, to receive its rents and profits, and apply or dispose of them at the direction of the court.
In connection with mortgage actions, an appointee of a court, requested by a mortgagee, to receive and account for the rents and profits from the mortgaged premises.
Appointed by the court, in a bankruptcy case, to manage that affairs of an enterprise in reorganization or liquidation.
(law) a person (usually appointed by a court of law) who liquidates assets or preserves them for the benefit of affected parties
a court appointed party commonly utilized in real estate foreclosures and business disputes to manage property during the pendency of the underlying action
a neutral party, often an attorney, who is appointed by a court to seize assets in lawsuits in which there are allegations of fraud or mismanagement
an officer of the court and is not an agent or subject to the control of appellant
an officer of the court whose duty it is to take possession of the assets of the insolvent debtor
an officer or arm of the court and acts under the direction and supervision of the court
a person appointed by a circuit court, or judge thereof, to take charge of property during the pendency of a civil action or upon a judgment or order therein, and to manage and dispose of it as the court may direct
a person appointed by a court to take control of the assets and income of a company or individual while litigation is pending involving either, as in a BANKRUPTCY proceeding
a person appointed by a court to take custody and to control, and to manage the property or funds, pending judicial action
a person appointed by a court to take custody, control and management of property pending judicial action
a person appointed by the Court to oversee all operations of a business
a person appointed by the court to take possession and charge of designated assets or property and to administer them in accordance with court directives
a person appointed by the mortgagee (Imperial Life Financial) but who acts as a representative for the mortgagor (the customer)
a person who is appointed by lenders to take control of a debtor's business with a view to recovering the debt
a trustee appointed by a judge to oversee a troubled business or agency
a disinterested person appointed by a court for the protection or collection of property that is subject to a bankruptcy.
A person appointed by the court to take custody over property in litigation or insolvency.
An Accountant appointed to manage the affairs of a company or, in exceptional circumstances, an individual
a person appointed with certain powers in respect of the property and affairs of a person who has obtained such property in the course of criminal conduct and who has been convicted of an offence â€“ there are various types or receiver (management receiver, director's receiver, enforcement receiver);
A person appointed by a court to finalize the affairs of a company and to utilise assets to pay its creditors
a person who is appointed by the court or pursuant to powers contained in a legal document with specific powers relating to the management of assets or funds belonging to a company or partnership. Also used to refer to administrative receivers.
An officer of the court appointed on behalf of all parties to the litigation to take possession of, hold, and control the property involved in the suit, for the benefit of the party who will be determined to be entitled thereto.
The legal entity that undertakes the winding down of the affairs of an insolvent bank.
Person appointed by the court to administer the affairs of a company (usually a company that is unable to pay its debts).
1) A neutral third person appointed by a court to take possession of or manage property which is involved in litigation. A receiver is appointed pursuant to state law. The grounds for appointing a receiver vary from state to state. A receiver operates under the direction and control of the court. 2) An attorney to whom an account is referred for collection by a forwarder, and who is thereby employed, as attorney for the creditor, to collect the same. Upon acceptance of the claim for collection, the full attorney-client relationship exists between the receiver and the creditor.
A party appointed by a court or regulatory agency to manage property subject to litigation, or the property and affairs of a bankrupt person or institution. The receiver maintains and manages the property in the interest of lenders or creditors until a final disposition of the property is made.... read full article
Insolvency Practitioner appointed by the holder of a Floating Charge (qv).
The person appointed by the court for some specific purpose or the person appointed by a mortgage to exercise his rights over the charges property under the Law of Property Act 1925 (not to be confused with the Official Receiver or Administrative Receiver.
An official appointed to wind up the affairs of a company.
A person who has taken possession pursuant to a security agreement of substantially all of the inventory, accounts receivables or the other property of the debtor. "Receiver" also includes a person who has been appointed privately pursuant to a security agreement or by an order of the court for the protection or collection of property that is the subject of diverse claims, usually to seize and sell the property of the debtor.
An individual appointed by a secured creditor under the terms of a mortgage or depenture in respect of specific assets of a company or individual. A receiver need not be a licensed insolvency practitioner.
person appointed by court to hold property until a suit is settled.
A person appointed by a court to take custody of a debtor's property for the purpose of preserving it and applying the property or its income to the claims of creditors.
A neutral third party, appointed by the court to collect the rents and profits from property, and distribute them as ordered by the court. Often used as a remedy when mere damages are inadequate. Back to the Top
a receiver is the person appointed by the court or a creditor to administer the financial and business affairs of a debtor, typically one who is bankrupt or insolvent.
the name of the person who has been appointed by the Court of Protection to manage the client´s affairs.
An appointee of a court charged with preserving and managing properties that are involved in litigation. The receiver receives the rents and profits, and applies or disposes of them at the discretion of the court.
A receiver is appointed by the creditors of a company in financial trouble when they believe the existing management no longer has the ability to prevent its financial situation deteriorating further.
Court-appointed custodian who holds property for the court, pending final disposition of the matter before the court.
The person appointed to manage the wind-up of business affairs and liquidation of an insolvent business entity
One appointed to manage property or receive the income of another.
Is often used to describe an administrative receiver, who may be appointed by a secured creditor holding a floating charge over a companyâ€™s assets. More accurately, a receiver is the person appointed by a secured creditor holding a fixed charge over specific assets of a company in order to take control of those assets for the benefit of the secured creditor.
The commonly used name for an administrative receiver. The term can also mean a person appointed by the court or with the power to receive the rents and profits of property. Receivers who are not administrative receivers do not need to be Insolvency Practitioners.
bankruptcy practitioner appointed by secured creditors in the United Kingdom to oversee the repayment of debts.
Person appointed by the Court of Protection to act on behalf of a patient
A person appointed to manage a debtor's assets or receive his income, usually on behalf of a secured creditor.
Under Part III of the Insolvency Act 1986, a receiver is appointed by a lender with a charge or mortgage over the company's assets (usually the bank) who, in consequence, of failure to receive payment, wishes the receiver to sell the assets to produce funds to repay the debt.
particularly in foreign proceedings, or state court proceedings, a person appointed by the court to take custody of a debtor's property.
A person appointed by a bankruptcy court or secured creditor to run a company for a short period of time in a manner that will ensure as much debt is paid back to creditors as possible.
Person appointed to hold in trust and to administer property of insolvent companies.
An independent party appointed by a court to impartially receive, preserve and manage property which is involved in litigation, pending final disposition of the matter before the court.
Court appointed manager of the affairs of a business or piece of property during a bankruptcy or foreclosure. The responsibility for managing the affairs prudently (collecting funds, paying bill, etc.) is carried out under court direction and may either result in a return to a solvent state or a recommendation for liquidation.