Receivership

{
  "id": "MLC-T-LAW-004145",
  "term": "Receivership",
  "field": "Law",
  "definition": "A legal status where a court appoints a receiver to manage the assets, business, or property of a person or entity. This action typically occurs in cases of insolvency, bankruptcy, or disputes, to protect the interests of creditors or other parties. The receiver acts as an officer of the court, with duties defined by the court order and applicable statutes.",
  "url": "https://mlchart.com/terminology/law/receivership/"
}