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Definition of 'Receivership'
A type of corporate bankruptcy in which a receiver is appointed by bankruptcy courts or creditors to run the company.
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Investopedia explains 'Receivership'
The responsibility of the receiver is to recoup as much of the unpaid loans as possible.
Being in receivership is not an enviable situation for a company. Oftentimes, receivers find that the best way to pay back loans is to liquidate the company's assets, which effectively puts the company out of business.
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If a company files for bankruptcy, stockholders have the most to lose. Find out why.
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Find out why this corporation was developed and how it protects depositors from bank failure.
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