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Q: What happens to your moneywhen a company is in receivership?
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Can you force a company in receivership into bankruptcy?

No, a company in receivership cannot be forced into bankruptcy because the company is already under the control of a court-appointed receiver. The receiver's role is to manage the company's assets and operations to protect the interests of creditors. If the receiver determines that bankruptcy is necessary, they can petition the court for bankruptcy proceedings, but it cannot be forced upon them.


Where is the British Cotton and Wool Dyers company?

Went into receivership in 1983


What company owns the washingtonmutual website?

Washington Mutual is owned by JPMorgan after they purchased their assets back in 2008 when they where placed into receivership of the FDIC, they subsequently filed for Chapter 11 receivership


What has the author Paul Lang written?

Paul Lange has written: 'The law and practice of administrative receivership and associated remedies' -- subject(s): Bankruptcy, Receivership 'Company receivership' -- subject(s): Bankruptcy, Receivership


What is receivership?

receiver is someone appointed to whom is vested the legal right to receive property belonging to a company


How do you obtain payment from a company in receivership?

You file a "prof of claim" with the court and wait in line. Frequently you only get pennies on the dollar owed.


Is welcome in receivership?

Yes


What is equity receivership?

"equity receivership" may be taken to include allproceedings in which a receiver is appointed by an equity court for any purpose.


What does Washington mutual do?

Washington Mutual was a savings bank holding company in the United States. Unfortunately, in September 2008 Washington Mutual was placed into receivership.


Is welcome finance in receivership?

Yes


What is an autocue?

AUTOCUE is a device that displays words for people to read.ALSO Autocue is a UK based manufacturer of teleprompter systems. he company was founded in 1955 and patented its first teleprompter in 1962. This company is now in receivership.


What happens to your 401-K Plan or retirement plan if your company goes into Receivership?

I believe, in general, you can no longer make contributions, but you can roll over the money into an IRA or to your next employer's 401k. Unless there are some vesting provisions tied to your length of employment, the money you've contributed is yours.