Administrative Receiver Law and Legal Definition
An administrative receiver refers to a person appointed by a court to administer the affairs of a company. S/he takes control of all, or substantially all, assets of a firm in receivership and is mandated to pay off the firm's debts, if possible, without liquidating it. The term also refers to a person appointed by a debenture holder to liquidate the assets of a company on his/her behalf
Legal Definition list
Related Legal Terms
- Administrative
- Administrative Act
- Administrative Adjudication
- Administrative Agency
- Administrative and Operating [A&O] Subsidy
- Administrative Appeals Office [Immigration]
- Administrative Board
- Administrative Committee of the Federal Register
- Administrative Conference of the United States
- Administrative Controls
