receiving-order

receiving-order

A judge signs a receiving-order for the company's assets.

Definition
  1. Noun:
    • Legal document: A "receiving-order" is a court order appointing a receiver to manage the property or assets of a person or company, typically in cases of bankruptcy, insolvency, or legal dispute.
    • Administrative tool: It authorizes the receiver to take control of the assets, collect income, and distribute funds as directed by the court.
Usage Examples
  • Noun:
    • The court issued a receiving-order to manage the bankrupt company's assets. (A legal order appointing a receiver for the company's property.)
    • After the debtor defaulted, the creditor sought a receiving-order to protect the collateral. (A court order to safeguard assets in a dispute.)
Advanced Usage

  • "to be under a receiving-order": to be subject to court-appointed management of assets.

    • The estate has been under a receiving-order since the inheritance dispute began. (The property is being managed by a court-appointed receiver.)

  • "to apply for a receiving-order": to formally request the court to appoint a receiver.

    • The bank applied for a receiving-order after the borrower failed to repay the loan. (The bank asked the court to take control of the borrower's assets.)
Variants and Related Words

  • Receiver (n): the person appointed by the court to manage assets under a receiving-order.

    • The receiver is responsible for selling the company's assets to pay creditors. (The court-appointed manager.)

  • Receivership (n): the state of being managed by a receiver.

    • The company entered receivership after the receiving-order was granted. (The company was placed under court management.)
Synonyms
  • Court order: a directive issued by a judge.
  • Appointment order: a legal document assigning a receiver.
Related Idioms

  • "to be in receivership": to be under the control of a court-appointed receiver.

    • The business is in receivership, and the receiver is selling off its inventory. (The business is being managed by a receiver.)

  • "to issue a receiving-order": to formally order a receiver's appointment.

    • The judge issued a receiving-order to prevent further financial losses. (The court ordered the appointment of a receiver.)