Receivership in a sentence

The first receiver, Mark Adams, president of the California Receivership Group, was replaced by the second and current receiver Kevin Singer, CEO of Receivership Specialists, after a series of events prompted city officials to request Adams’ removal.

A second establishment, Signature Financial institution in New York, was additionally positioned in receivership with the identical protections.

At the end of March, the total debt of the three entities amounted to €17.6mn and they were placed in receivership by the court of trade in Paris.

Beechinor was founder of Cork tech firm Altada which went into receivership and then liquidation last year before it was sold to tech entrepreneur Eoin Goulding.

Earlier this year, OKR put the subsidiary that owns the club’s Weston Homes Stadium (London Road Peterborough Properties Ltd) into receivership, and the club’s rent for playing at the venue now goes to the fund, according to the Athletic.

His mother was Lillian Levy, a millinery model, his father, Julian Goodman, a sometime Broadway producer and the owner of a chain of more than 70 department stores, which went into receivership during the Depression shortly before Bo was born.

In the May 2021 judgment, Justice David Batts granted an order sought by Elegance for Arc Systems to be placed into receivership.

The state took receivership of in 2019 and has operated it since then.

Those two Lighthouse board members have applied to have the Lighthouse placed in a limited receivership that would see accounting firm MNP LLP take over the non-profit for a limited period of time, with limits on its ability to sell off assets.

As the scope of Murdaugh’s admitted financial misconduct became clear, a receivership controlling his assets was established by S.C. circuit court judge were appointed to identify and liquidate the assets.

Both festivals lost major sponsorships recently, and Luminato has been on the hunt for a new location after Artscape, the non-profit from which it leased space for more than a decade, went into receivership in 2023.

Despite the efforts of residents in the area pushing for the completion of the project in 2021, works were halted in 2022 as a result of the contractor, Roadbridge, entering receivership.

Electric Ireland said it was awaiting an update from the appointed receiver on the outcome of the receivership proceedings.

However, there are benchmarks included in the receivership agreement that would allow the company to back out of the sale if it chooses to do so.

Like any homeowner, the HOA needs to pay the actual costs of homeownership – receivership or bankruptcy are typically not answers.

Located on Avebury Avenue, construction work had begun converting the building until the scheme went into receivership.

Love News understands that while Stakebank’s Port Coral is now in receivership, efforts are being made to see the project completed.

We formed a receivership team, we got really focused on what the receivers needed … we became a service for that business.

When asked to comment on the receivership of Stakebank, Prime Minister John Briceno didn’t have much to say, but he did speak on the lawsuit filed.

Yukon Justice Minister Tracy-Anne McPhee said Friday that the mine site could still be viable after environmental mitigation work is completed, though the mine’s owner, Victoria Gold, was ordered into receivership this week.