{"iri":"https://folio.openlegalstandard.org/R7yULiuUW6FwlVvfIPt13We","label":"Receivership Creation","sub_class_of":["https://folio.openlegalstandard.org/R9HPXBgZpsNyy2AbQLv1rLG"],"parent_class_of":[],"is_defined_by":null,"see_also":[],"comment":null,"deprecated":false,"preferred_label":null,"alternative_labels":["Appointment Of Receiver","Receiver Establishment","Receivership Appointment"],"translations":{},"hidden_label":null,"definition":"Receivership creation refers to the judicial appointment of a receiver to take control of and manage a company's assets during financial distress or litigation. This process aims to protect and preserve the assets while a resolution is sought, often leading to restructuring, liquidation, or sale.","examples":[],"notes":[],"history_note":null,"editorial_note":null,"in_scheme":null,"identifier":null,"description":null,"source":null,"country":null}