Duties of A Receiver
- Secure the assets of the company and/or entity.
- Realize the assets of the company and/or entity.
- Manage the affairs of the company in order to discharge the debt owing.
The receiver may run the company in order to maximize the value of the company’s assets, sell the company as a whole, or sell part of the company and close unprofitable divisions.
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Famous quotes containing the words duties and/or receiver:
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—Edmund Burke (1729–1797)