Receivership: Difference between revisions
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imported>Doug Williamson m (Spacing 20/8/13) |
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''UK Insolvency law''. | ''UK Insolvency law''. | ||
A procedure relating to a company in more serious financial difficulties in which its assets are realised by a receiver, for the benefit of its secured creditors. | A procedure relating to a company in more serious financial difficulties in which its assets are realised by a receiver, for the benefit of its secured creditors. | ||
Usually leading to the liquidation of the company. | Usually leading to the liquidation of the company. | ||
== See also == | == See also == | ||
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* [[Liquidation]] | * [[Liquidation]] | ||
* [[Receiver]] | * [[Receiver]] | ||
Revision as of 15:16, 20 August 2013
UK Insolvency law.
A procedure relating to a company in more serious financial difficulties in which its assets are realised by a receiver, for the benefit of its secured creditors.
Usually leading to the liquidation of the company.
