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Magda Posted 19 years ago
Legal Studies
Liquidator, receiver, official receiver
0 Hello, 02 br
00 I've got a question about legal English. 02 br
00 In a text I am reading there are three words that seem to be very similar and I cannot tell the difference among them. These are: liquidator, receiver and official receiver. Especially the last two seem the same. Could you help me with it, please? 0-
00 I've got a question about legal English. 02 br
00 In a text I am reading there are three words that seem to be very similar and I cannot tell the difference among them. These are: liquidator, receiver and official receiver. Especially the last two seem the same. Could you help me with it, please? 0-
Top answer
0 Although fundamentally all having the same function, these are more precise meanings: "Receiver" 00 The person appointed by the court for some specific purpose or the person appointed by a mortgage to exercise his rights over the charges property under the Law of Property Act 1925 (not to be confused with the Official Receiver or Administrative Receive. 00 Will oversee the way in which the company's assets are dissolved. 02 br 02 br 00 The Official Receiver is a civil servant in The Insolvency Service and an officer of the court.
- 0 Although fundamentally all having the same function, these are more precise meanings: "Receiver" 00 The person appointed by the court for some specific purpose or the person appointed by a mortgage to exercise his rights over the charges property under the Law of Property Act 1925 (not to be confused with the Official Receiver or Administrative Receive.
- 00 Will oversee the way in which the company's assets are dissolved.
- 02 br 02 br 00 The Official Receiver is a civil servant in The Insolvency Service and an officer of the court.
- He (or she) will be notified by the court of the bankruptcy or winding-up order.
- He will then be responsible through his staff for administering the initial stage, at least, of the insolvency case.
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2 Answers
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0 Although fundamentally all having the same function, these are more precise meanings: "Receiver" 00 The person appointed by the court for some specific purpose or the person appointed by a mortgage to exercise his rights over the charges property under the Law of Property Act 1925 (not to be confused with the Of
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0 The three words are also linked to 01 b 00 corporate law 02 b 00 and you need some understanding of corporate law in order to understand them. These people act in a phase, when the company has major problems. 02 br
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01 b 00 Liquidator 02 b 00 = a person who is appointed by a court, the company or its creditors, whereby his/her main task is to
02 br
01 b 00 Liquidator 02 b 00 = a person who is appointed by a court, the company or its creditors, whereby his/her main task is to
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