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BluE33

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BluE33

Re: Texasman post# 65702

Wednesday, 08/16/2017 2:04:39 PM

Wednesday, August 16, 2017 2:04:39 PM

Post# of 66165
Receivership is an alternative to filing for bankruptcy and potentially a better option for companies facing difficult financial times. The receiver takes possession of all corporate assets and associated operational, insurance and tax aspects, and then decides to sell the business or close the company and sell its assets to restructure its debt and improve operations. Shareholders receive money only if funds remain after payment of all corporate debts.

Read more: Receivership http://www.investopedia.com/terms/r/receivership.asp#

http://www.investopedia.com/terms/r/receiver.asp
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