receivership

the company went into receivership last week.

The company went into receivership due to financial difficulties.

The business was placed in receivership after failing to meet its financial obligations.

The bank took over the property when the borrower defaulted, placing it in receivership.

The receiver was responsible for overseeing the company's operations during the receivership period.

Creditors may petition the court to place a company in receivership if they are not being paid.

The receiver worked to maximize the value of the company's assets while in receivership.

During receivership, the company's day-to-day operations were closely monitored by the receiver.

The company's creditors may have a say in the selection of a receiver during the receivership process.

The receiver's primary duty is to protect the interests of the company's creditors during receivership.