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Receiverships can be broadly divided into two types: [citation needed] those related to insolvency or enforcement of a security interest; those where either: a person is incapable of managing their affairs and a court has appointed a receiver to manage the property on their behalf – for example, a receiver appointed by a court of protection under mental health legislation [3] [4] (in some ...
acting as interim receiver or provisional liquidator: At any time after a petition for an insolvency order under section 122 of the Insolvency Act 1986 (c. 45) has been presented, the court may appoint the OR as interim receiver (for an individual) or as provisional liquidator (for a company). This is to protect a debtor's property, or take ...
the Receiver is a court-appointed officer, and by acting in that capacity "the receiver acts not as agent of the debtor (Petrowest), who has been legally paralyzed from acting, but rather acts in fulfilment of its own court-authorized and fiduciary duties, owed to all stakeholders. Petrowest, on the other hand, can do nothing." [15]
Should a receiver be appointed by the court, the individual would have oversight of the finances and bank accounts of Mott's various businesses, including Monroe's Restaurant in Pittsford and ...
Piccinini issued the order at the request of the Erie School District, which filed a petition in Erie County Common Pleas Court in January for the appointment of a receiver to oversee Erie Rise's ...
Provisional liquidation is a process which exists as part of the corporate insolvency laws of a number of common law jurisdictions whereby after the lodging of a petition for the winding-up of a company by the court, but before the court hears and determines the petition, the court may appoint a liquidator on a "provisional" basis. [1]
A judge has appointed a receiver for the vacant Latitude Five25 apartments on the Near East Side. The receiver will create a plan to rehab the site.
A justice of the peace (JP) is a judicial officer of a lower court, elected or appointed by means of a commission (letters patent) to keep the peace. In past centuries the term commissioner of the peace was often used with the same meaning.