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  2. Receivership - Wikipedia

    en.wikipedia.org/wiki/Receivership

    Security documents generally contained very wide powers of appointment such that on default the creditor could take over the business immediately and without the input of any court. A receiver appointed to the entire business became known as a receiver and manager. The receiver and manager would typically have extensive powers over the business ...

  3. Official receiver - Wikipedia

    en.wikipedia.org/wiki/Official_Receiver

    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 ...

  4. Administration (law) - Wikipedia

    en.wikipedia.org/wiki/Administration_(law)

    Holders of a floating charge created prior to 15 September 2003 retain their right to appoint an administrative receiver, but all purported rights to do so created after that date will be construed as rights to appoint an administrator, subject to certain specific, rare exceptions.

  5. Qualifying floating charge - Wikipedia

    en.wikipedia.org/wiki/Qualifying_floating_charge

    A floating charge is a qualifying floating charge if it is expressed to be one, or if the security document purports to give the holder power to appoint an administrator or administrative receiver. The procedure for appointing an administrator under a qualifying floating charge is as follows:

  6. Bankruptcy and Insolvency Act - Wikipedia

    en.wikipedia.org/wiki/Bankruptcy_and_Insolvency_Act

    In the latter two cases, the court can only make the appointment if it is shown that it is necessary for the protection of the debtor's estate, or in the interest of the creditor(s). The courts have set out the following factors [149] to be considered in exercising discretion on whether to appoint an interim receiver:

  7. Receiver - Wikipedia

    en.wikipedia.org/wiki/Receiver

    Receiver, a person who receives goods in a distribution center; Receiver, in receivership, a person appointed as a custodian of another entity's property by a court of law or a creditor of the owner, pending a lawsuit or bankruptcy; Metropolitan Police Receiver, formerly the chief financial officer of the London Metropolitan Police

  8. Liquidation - Wikipedia

    en.wikipedia.org/wiki/Liquidation

    The court may appoint an official receiver, and one or more liquidators, and has general powers to enable rights and liabilities of claimants and contributories to be settled. Separate meetings of creditors and contributories may decide to nominate a person for the appointment of a liquidator and possibly of a supervisory liquidation committee.

  9. Security interest - Wikipedia

    en.wikipedia.org/wiki/Security_interest

    Technically the right to appoint a receiver can arise two different ways - under the terms of the mortgage instrument, and (where the mortgage instrument is executed as a deed) by statute. If the mortgagee takes possession then under the common law they owe strict duties to the mortgagor to safeguard the value of the property (although the ...