- interim receiver
A person appointed by the Court to be a watchdog regarding the assets of a debtor during that time between the application to the Court for a Receiving Order and the time where the Receiving Order is handed down. An Interim Receiver may also be appointed where a secured creditor is about to send out, or has sent out, a Notice of Demand under the Bankruptcy and insolvency Act of its intention to enforce its security, or the debtor has filed a Notice of Intention to Make a Proposal or has filed a proposal. (Dictionary of Canadian Bankruptcy Terms)
United Glossary of Bankruptcy Terms 2012.
Glossary of Bankruptcy.
Look at other dictionaries:
interim receiver — the official receiver may be appointed as interim receiver of the debtor s property until a trustee is appointed. Collins dictionary of law. W. J. Stewart. 2001. interim receiver … Law dictionary
interim receiver — Same as temporary receiver … Ballentine's law dictionary
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receiver — A bankruptcy practitioner appointed by secured creditors to oversee the repayment of debts. Bloomberg Financial Dictionary An official appointed to continue the day to day running of an insolvent business with a view to selling it as a going… … Financial and business terms
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Official Receiver — index assessor Burton s Legal Thesaurus. William C. Burton. 2006 official receiver … Law dictionary
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