"Receiverships" Example Sentences
1. Many businesses are going into receiverships due to the economic downturn.
2. The bank placed the company in a receivership after it defaulted on its loan.
3. The court appointed a receiver to manage the assets of the bankrupted business.
4. The receivership process can be time-consuming and expensive for all parties involved.
5. The appointed receiver is responsible for selling off the company's assets to pay off debts.
6. The creditor is seeking to recover its losses by initiating a receivership process.
7. The receivership order prevented the company from accessing its own funds.
8. The receiver is required to create a comprehensive financial report for the court.
9. The shareholders objected to the receivership proceedings, but their appeal was denied.
10. The company's failure to pay its debts led to the imposition of a receivership order.
11. The receiver attempted to negotiate a settlement with the creditors to avoid a foreclosure.
12. The court ordered the receivership after determining that the business was insolvent.
13. The bank was appointed as a receiver in the case of the failed business.
14. The receiver has the power to sell the company's assets to the highest bidder.
15. The receivership process can be advantageous for creditors seeking to recover debts.
16. The receiver must collect and safeguard all of the company's assets during the process.
17. The receivership was a necessary step in the liquidation of the business.
18. The receiver has the authority to make decisions for the company during the receivership.
19. The creditors are required to submit their claims to the receiver for consideration.
20. The receiver is responsible for managing the company's affairs during the receivership.
21. The court-appointed receiver uncovered evidence of fraudulent activity within the company.
22. The receiver may be held liable for any losses incurred during the receivership.
23. The receivership can result in the termination of employees and/or closure of the business.
24. The receiver's duties include preparing regular financial reports for the court.
25. The company's creditors were satisfied with the outcome of the receivership proceedings.
26. The receiver was successful in selling off the company's assets to pay off its debts.
27. The court allowed the receiver to continue managing the company's affairs after the receivership was completed.
28. The receivership process is often used in cases of insolvency or bankruptcy.
29. The receiver's primary duty is to maximize the value of the company's assets for the benefit of its creditors.
30. The company's board of directors resigned following the imposition of the receivership order.
Common Phases
you mean providing a list of common phases related to
receiverships? If so, here are a few:
- Appointment of receiver
- Receiver's duties and powers
- Sale of assets by receiver
- Distribution of proceeds to creditors
- Termination of receivership
- Claims and challenges to receiver's actions
- Court supervision of receivership
- Responsibilities of secured and unsecured creditors
- Debt restructuring or bankruptcy alternatives