# Receivership Creation

**IRI:** https://folio.openlegalstandard.org/R7yULiuUW6FwlVvfIPt13We

## Labels

**Alternative Labels:**

- Appointment Of Receiver
- Receiver Establishment
- Receivership Appointment

## 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.

## Sub Class Of

- https://folio.openlegalstandard.org/R9HPXBgZpsNyy2AbQLv1rLG

**Deprecated:** False