Quote:
Originally Posted by TCLGirls
Coming from the guy that didn't know bankruptcy is different than a receivership...you might want to take some of your own advice.
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Again..
What is 'Receivership'
Receivership is a
type of corporate bankruptcy in which a receiver is appointed by bankruptcy courts or creditors to run the company. The receiver may be appointed by a bankruptcy court as a matter of private proceedings, or by a governing body. In most cases, the receiver is given ultimate decision-making powers and has full discretion in deciding how the received assets will be managed.
Read more: Receivership Definition | Investopedia
Receivership Definition | Investopedia
You can argue the semantics all you want but the fact still remains.