Outrageously Funny Word Dictionary :: Receiverships

👉 Receiverships are a legal process where a person or organization is required to pay back debts or obligations owed to them. In most jurisdictions, this involves presenting evidence of the outstanding debt and providing proof that the debt was incurred in bad faith. The receiver then takes over the management and administration of the debtor's assets to collect any remaining debts and return any profits earned as a result of the sale of the property. Receiverships are often used by creditors to recover debts owed to them,

receiverships