administrative receiver

Examples (10)

• The bank appointed an administrative receiver to manage the insolvent company's assets.
• An administrative receiver was brought in to oversee the financial restructuring of the business.
• Creditors have the right to request the appointment of an administrative receiver in certain situations.
• The administrative receiver promptly began assessing the viability of the struggling firm.
• Under the direction of the administrative receiver, the company's operations were temporarily suspended.
• The primary role of an administrative receiver is to realize assets for secured creditors.
• They hoped the administrative receiver could find a buyer for the company's remaining divisions.
• After the default on the loan, the lender moved to appoint an administrative receiver.
• The administrative receiver made difficult decisions regarding employee redundancies and asset sales.
• Being placed under an administrative receiver marks a critical stage for any financially distressed company.