Results for tag: "Receivership"

Receivership is a legal process in which a court-appointed receiver takes control of a company's assets and operations in the event of bankruptcy. The receiver is responsible for managing the company's assets, collecting debts, and distributing funds to creditors. The receiver is also responsible for ensuring that the company's operations are conducted in accordance with the court's orders. The receiver is typically appointed by the court and is responsible for ensuring that the company's assets are managed in the best interests of the creditors. The receivership market is a specialized area of the bankruptcy industry. It involves the management of assets and operations of companies in bankruptcy. Companies in the receivership market are typically large, complex organizations with significant assets and liabilities. The receivership market is highly regulated and requires specialized knowledge and expertise. Some companies in the receivership market include Alvarez & Marsal, FTI Consulting, KPMG, and PwC. Show Less Read more