Receivership vs. Liquidation — What's the Difference?

In law, receivership is a situation in which an institution or enterprise is held by a receiver—a person "placed in the custodial responsibility for the property of others, including tangible and intangible assets and rights"—especially in cases where a company cannot meet its financial obligations and is said to be insolvent. The receivership remedy is an equitable remedy that emerged in the English chancery courts, where receivers were appointed to protect real property.

Liquidation is the process in accounting by which a company is brought to an end in Canada, United Kingdom, United States, Ireland, Australia, New Zealand, and Italy, and many other countries. The assets and property of the company are redistributed.

The office or functions of a receiver.

The process of liquidating a business

The state of being held by a receiver

The killing of someone, typically by violent means.

(legal) The office and duties of a receiver.

To pay off (a debt, claim, or obligation); settle.

(legal) The state of being under the control of a receiver.

To settle the affairs of (a business firm, for example) by determining the liabilities and applying the assets to their discharge.

A form trusteeship of bankruptcy administration in which a receiver is appointed to run the company for the benefit of the creditors.

To convert (assets) into cash.

The state or office of a receiver.

To eliminate, especially by killing.

The state of property that is in the hands of a receiver;

To settle a debt, claim, or obligation.

A court action that places property under the control of a receiver during litigation so that it can be preserved for the benefit of all

To settle the affairs of a business or estate by disposing of its assets and liabilities.

The office of a receiver

The act of exchange of an asset of lesser liquidity with a more liquid one, such as cash.

The selling of the assets of a business as part of the process of dissolving the business.

(euphemism) Murder of dehumanized victims.

The act or process of liquidating; the state of being liquidated.

Termination of a business operation by using its assets to discharge its liabilities

The act of exterminating

The murder of a competitor