"Receivership" Example Sentences
1. The company was placed in receivership after failing to pay its debts.
2. The bank appointed a receiver to oversee the company's receivership.
3. The business was struggling so much that it filed for receivership proceedings.
4. The court granted the application for receivership filed by the creditors.
5. The company's assets were liquidated to pay off its debts during receivership.
6. The receiver is responsible for administering the affairs of the company during receivership.
7. The company's shares were suspended from trading due to the receivership proceedings.
8. The shareholders were informed about the receivership decision through a public notice.
9. The management team was replaced with a new one appointed by the receiver during receivership.
10. The company was in receivership for almost a year before it was finally dissolved.
11. The creditors are likely to recover some of their money through the receivership process.
12. The receivership order was opposed by some of the company's employees.
13. The company's board of directors resigned when the receivership was announced.
14. The company's reputation suffered greatly due to the receivership proceedings.
15. The receiver's main duty is to protect the assets of the company during receivership.
16. The company's auditors were called in to review its finances during receivership.
17. The employees were worried about their jobs after the company entered into receivership.
18. The company was said to be in receivership due to mismanagement by its founders.
19. The receivership process could take months or even years to complete.
20. The company's suppliers were informed about the receivership decision in writing.
21. The company's creditors will have priority over other claims during the receivership proceedings.
22. The company's shareholders lost all their investment when it went into receivership.
23. The receiver's job is to maximize the value of the company's assets for the benefit of the creditors during receivership.
24. The company's assets are sold off to pay creditors during receivership.
25. The company's lawyers advised it to apply for receivership as a last resort.
26. The company's customers were notified about the receivership decision by email.
27. The receiver is authorized to take legal action on behalf of the company during receivership.
28. The company was able to emerge from receivership by restructuring its debts and operations.
29. The company's management team was surprised by the receivership decision.
30. The receiver has the power to terminate contracts and leases during receivership.
Common Phases
1. The company is in
receivership;
2. The receiver has been appointed to manage the assets;
3. The receiver will determine the best way to liquidate the assets;
4. The
receivership process may take several months;
5. The company's creditors may receive partial payment through the
receivership proceedings;
6. The employees may lose their jobs due to the company being in
receivership;
7. The company's shareholders may lose their investments as a result of the
receivership;
8. The receiver is responsible for making decisions that are in the best interest of the company's creditors;
9. The
receivership process can be complex and involve legal proceedings;
10. The company's reputation may be damaged by being placed in
receivership.