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Topic: Receivership

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	Back from the Brink
		In one case, a triple-decker was written up in a petition for receivership in 2000, and it took just under two years until the owners abandoned their efforts to reclaim it from CRC.
		If a homeowner convinces the court that repairs are unaffordable and receivership is instituted immediately, the work is done as soon as possible, and repayment may take anywhere from six to 12 months, with the homeowner sometimes being able to plea for some accommodation to stretch out the deadlines.
		She believes that the past few years were an opportune time to begin the receivership initiative, and encourages other cities to take advantage of the climate while it lasts.
	www.planning.org /affordablereader/planning/receivership0604.htm (2217 words)

	Frye backs receivership for pensions \| The San Diego Union-Tribune
		Frye said she finally decided receivership was the way to go late Friday after hearing that the board had failed to reach a decision on giving up the documents.
		Her position on receivership edges her closer to the thinking of one of her mayoral rivals, lawyer Pat Shea, who asserts that San Diego's only hope of untangling its finances lies in a municipal bankruptcy filing.
		Rather, receivership is undertaken in cases where the management of an entity is deeply flawed – acting improperly, incompetently or illegally.
	www.signonsandiego.com /uniontrib/20050619/news_1m19mayor.html (774 words)

	Equitable Receivership as an Alternative to Bankruptcy
		This allows the receivership to be tailored to the circumstances of the case to a much finer degree than a bankruptcy.
		A receivership is commenced by the filing of a complaint seeking the appointment of a receiver.
		In a receivership, whatever the receiver proposes to the Court as fair is the starting point, and an objecting creditor has the burden to overcome that.
	www.fwlaw.com /receiver.html (3585 words)

	Hampshire County Council
		Receivership Unit staff shared the view that they provided an effective and valued service, but were more critical than others, particularly of the poor systems and high workloads.
		Receivership Unit staff shared the view that they provided an effective and valued service; they feel supported by their manager and have good partnership arrangements with most of their customers.
		The Receivership Unit contributes to promoting community safety by managing the financial affairs of a vulnerable group of people who could be, or have been, subject to financial abuse or exploitation.
	www.hants.gov.uk /scrmxn/c31238.html (7507 words)

	Printable Version of February 2001 Alert (Site not responding. Last check: 2007-10-31)
		A receivership is often triggered when a secured creditor believes that the value of its collateral has been impaired, and that management of the business is either unable or unwilling to take the steps necessary to protect the secured lender from continuing impairment and serious loan losses.
		Receiverships are customarily done as an adjunct to another proceeding such as a foreclosure action or an action to dissolve the corporation.
		Second, receiverships are not that well understood by the general public, and aside from notification of creditors, the appointment of a receiver is most often not widely publicized.
	www.karrtuttle.com /articles/print_may01.htm (2762 words)

	EH.Net Encyclopedia: Bankruptcy Law in the United States
		The first reorganization through receivership occurred in 1846, when a Georgia court appointed a receiver over the insolvent Munroe Railway Co. and successfully reorganized it as the Macon and Western Railway.
		Thus the receivership involved a financial reorganization of the firm in which the bond and stock holders of the railroad traded in their old securities for new ones.
		For example, in the Wabash receivership of 1886, first mortgage bondholders ultimately agreed to exchange their 7 percent bonds for new ones of 5 percent.
	www.eh.net /encyclopedia/?article=hansen.bankruptcy.law.us (4097 words)

	Epic faces receivership - BusinessNews - www.theage.com.au
		However, it is believed that the banks, frustrated over delays to the sale of the pipeline, are now going to a formal vote on the process, which is expected to take about 48 hours to conclude.
		Epic owes $1.85 billion to the banking syndicate and the debt is due to be repaid by June 30.
		The receivership move appears to have been triggered by controversy surrounding the $663 million sale of Epic's eastern states pipeline assets two weeks ago.
	www.theage.com.au /articles/2004/04/14/1081838798382.html?from=storyrhs (268 words)

	SC82520: In re: Transit Casualty Company in Receivership Pulitzer Publishing Company, Appellant, v. Transit Casualty ... (Site not responding. Last check: 2007-10-31)
		This is an insurance insolvency receivership proceeding, and the provisions of chapter 375 prevail over the common law and any general statutes because the legislature has specifically set forth the substantive law and procedures to be followed.
		These cases all stand for the proposition that a final judgment for purposes of litigation ancillary to the receivership, that is, litigation brought by or against the receivership, is separate and independent from the final judgment eventually to be entered regarding the fate of the receivership, itself.
		Therefore, it is irrelevant that the receivership itself is ongoing and that rulings regarding the receivership are subject to change.
	www.osca.state.mo.us /Courts/PubOpinions.nsf/0f87ea4ac0ad4c0186256405005d3b8e/42b96e9f9aa7396686256a03006e4f2f?OpenDocument (6071 words)

	Graham & Dunn - Washington Governor Signs Sweeping New Receivership Statute
		Under the old receivership statute, the specific powers of a receiver were typically set forth, on a case-by-case basis, in the court order appointing the receiver at the outset of the case.
		As a result, secured creditors, landlords, and franchisors may find that a state court receivership can now give them almost all of the benefits they seek, once they have concluded that taking control over their borrower, a franchisee operation in default or their real property asset is necessary.
		The new receivership statute is the product of an effort that began in 1990 under the leadership of Graham and Dunn's Irvin W. Sandman, then Chair of the Washington State Bar Association's Creditor Debtor Executive Committee.
	www.grahamdunn.com /cybergrahams/aek_april2004.html (1126 words)

	MDI Receivership Section (Site not responding. Last check: 2007-10-31)
		The Receivership Section manages, monitors, advises and reports on the operations of insurers that are in rehabilitation or liquidation.
		When an insurer is financially impaired or asks to be dissolved, the MDI director may seek appointment as receiver to take control of the insurer and administer the insurer's property and operations for the benefit of policyholders, creditors and owners.
		Receivership for rehabilitation is an attempt to restore a troubled insurance company to a state of financial strength.
	www.insurance.state.mo.us /aboutMDI/finreg/receiver.htm (278 words)

	Robb Evans - Receiver of TLC Investments & Trade Co., et al. (Site not responding. Last check: 2007-10-31)
		First, a district court’s power to supervise an equity receivership and to determine the appropriate action to be taken in the administration of the receivership is extremely broad…..
		Secondly, we have acknowledged that a primary purpose of equity receiverships is to promote orderly and efficient administration of the estate by the district court for the benefit of creditors…… Accordingly, …..
		With this principle in mind, the theory of the Applicants’ request is in part that although they have withdrawn their initial request to place the TLC entities in bankruptcy, the policy behind the fact that liquidation normally occurs in bankruptcy court suggests that it is preferable for bankruptcy procedures to be followed.
	www.robbevans.com /html/tlcorder08.html (5317 words)

	AAR: Publication: Non-corporate receivership - when is it appropriate and how does it work?
		Non-corporate receivership is the appointment of a receiver where the party to whose property the receiver is appointed is not a corporation, for example an individual or a partnership.
		A non-corporate receivership may be instigated by the documentary appointment of a receiver pursuant to powers contained in an earlier contract between the debtor and a supplier or lender.
		A receiver's appointment under the security document continues until he or she is discharged, resigns or is replaced or is removed by the appointor, or by the court, or the receivership is terminated because of invalidity or the appointment of another receiver by a secured creditor with prior rights.
	www.aar.com.au /pubs/insol/cirsep01.htm (11818 words)

	Receivership: A Generational Commitment Or Expeditious Solution By Richard L. White (Site not responding. Last check: 2007-10-31)
		An insurance receivership functions through a receiver acting under the supervision of the respective state court and in accordance with the applicable state liquidation statute.
		In a typical receivership, creditors submit proofs of claim ("POCs") to receivers who determine coverage, value the claim(s) and respond to creditors with notices of determination ("NODs") that either allow or disallow the claim and establish the priority of the claim.
		Accordingly, receiverships have remained open until the case reserves are resolved in payment or settlement and IBNR reserves emerge as case reserves and migrate to a paid basis.
	www.state.nj.us /dobi/mealey1.htm (2416 words)

	Pennsylvania Housing Coalition (Site not responding. Last check: 2007-10-31)
		The receivership bill that was proposed (HB1996) established a process by which a receiver could be appointed by the court until such time that the conditions that had led to the receivership being established had been abated or corrected.
		Receivership is legal process that transfers the responsibility for managing a residential property from the owner to a court appointed property manager in response to long-standing, unabated health and/or safety threats, and/or public nuisance conditions.
		Receivership does not end an owner's property rights, but rather seeks to reassert the balance between the rights of ownership and the rights of the tenants and community to have the property managed in ways that are consistent with established laws and norms.
	www.housingalliancepa.org /receivership7-01.htm (7233 words)

	Horwath Australia : Business Recovery and Insolvency - Receivership (Site not responding. Last check: 2007-10-31)
		In addition to acting on formal receivership and controllership assignments, we also carry out monitoring and advisory roles for secured lenders and for the Federal and Supreme Courts.
		A Receiver only has the ability to deal with the assets the subject of the charge held by the secured lender and generally has the power to continue to trade however, a Receiver cannot deal with the company structure.
		A Receivership does not prevent other creditors from taking action for debt recovery, such as unsecured creditors pursuing the company into liquidation via the Court.
	www.horwath.com.au /services/insolvency/receivership.asp (340 words)

	Receivership offers hope for Detroit, but at a high price - 12/15/04
		Receivership has a certain appeal to skeptics who doubt the political leadership can make the tough choices to assure the long-term solvency of Detroit and its schools.
		Receivership is not a decision Gov. Jennifer Granholm is likely to rush into, no matter how hard she is pushed by the Legislature.
		But without receivership, Detroit's chances of erasing city and school deficits that are approaching a combined half-billion dollars seem nil.
	www.detnews.com /2004/editorial/0412/15/A17-30667.htm (653 words)

	Receivership - Company Receivership Help and Advice
		Indeed the large number of receiverships seen in the early 1990's have now fallen dramatically as banks strive to help viable companies survive.
		From the directors perspective he/she will typically lose their employment and any monies the company is due to them and the company may cease to trade.
		Clearly the cost of receivership can be very high and the bank has to underwrite the receiver's costs.
	www.companyrescue.co.uk /company-rescue/options/receivership.html (1378 words)

	e.htm (Site not responding. Last check: 2007-10-31)
		Section 5 of the Model Act notes that the efficient administration of the receivership requires the supervision of a single court and that the receivership court may exercise its jurisdiction to the exclusion of all other courts.
		The receiver asked that the district court abstain on the basis that the federal action interfered with a complex state regulatory scheme for the administration of insolvent insurers and to avoid inconsistent rulings on such issues as setoff which was then on appeal to the California Supreme Court.
		It may not be overly burdensome to comply with the second factor (receivership appropriate for abstention) based on favorable language in receivership statutes and considerable lower court case law.
	www.robertmhall.com /articles/e.htm (4367 words)

	Receivership? A powerful prod for city
		But Kilpatrick vowed that receivership is not going to happen, at least not on his watch.
		Receivership can follow if the governor isn't satisfied that an adequate plan is in place to deal with a deficit.
		Given the lingering ill will from the state-imposed reform plan that hasn't achieved what it was supposed to for Detroit Public Schools, Gov. Jennifer Granholm is hardly likely to designate a financial master and commander for a city filled with her fellow Democrats.
	www.freep.com /voices/editorials/estate13e_20050113.htm (337 words)

	NARPAC-CURRENT STATUS-AGENCIES IN RECEIVERSHIP
		DC's extensive Public Housing Programs have been under receivership since the middle of 1995 and, according to recent reports, considerable progress is being made in eliminating many of the intolerable conditions that made DC "the nation's second worst Housing Authority in the US", according to former HUD Secretary Cisneros.
		It is these depressing ghettos that produce an inordinate share of the city's crime statistics, as well as a large portion of the "counter-cultural" students that the DC School system must try to educate.
		Receivership was sought in September, 1998 for the DC Oak Hill Youth Prison.
	www.narpac.org /AGRI.HTM (2828 words)

	Horwath Australia : Business Recovery and Insolvency - Insolvency Choices - Receivership (Site not responding. Last check: 2007-10-31)
		A Receiver is generally appointed by a secured creditor under the terms of a secured charge.
		This is usually a bank or other financial institution with established policies and procedures for making such appointments and is outside the control of directors.
		Receivership does not prevent other creditors from taking action for debt recovery.
	www.horwath.com.au /services/insolvency/choices_receivership.asp (249 words)

	Children's Rights and District of Columbis Agree to Transition Plan from Receivership for Child Welf
		Some of the changes were introduced under the receivership but would have disappeared if the receivership ended; other changes were beyond the receiver's authority.
		Once the legislation is passed, the licensing standards finalized, and an administrator and an adequate management team selected, the receivership will end and a probation period begin.
		The United States District Court placed the District of Columbia's child welfare system in full receivership in 1995 in LaShawn A. v Williams, a class action lawsuit filed in 1989 on behalf of children in the District's child welfare system.
	library.adoption.com /Laws-and-Legal-Issues/Childrens-Rights-and-District-of-Columbis-Agree-to-Transition-Plan-from-Receivership-for-Child-Welfare-System/article/5821/1.html (1391 words)

	Company Information (Site not responding. Last check: 2007-10-31)
		When the property was placed in receivership, only 27 units were occupied and of those only 15 tenants were paying any form of rent.
		Solution: With the appointment of the receivership, we engaged armed body guards to accompany our personnel as they entered and took control of the premises.
		After mass evictions heightened security to include fences and guards and multiple meetings with the city’s code enforcement, the property is quiet and the work toward the renovation of the property has begun.
	www.allenassociates.com /company.htm (1295 words)

	HVS/American Hospitality Management Company - Receivership Service (Site not responding. Last check: 2007-10-31)
		With our expertise we are able to provide efficient and cost effective Receivership Services for lenders that are preparing to foreclose and sell a property.
		Receivership Services generally cost no more than regular management services for other hotels that HVS / American Hospitality Company manages.
		As Receiver we do retain outside counsel and this is an expense of the Receivership.
	www.thehotelmanagers.com /services/receivership.htm (423 words)

	receivership
		Receivership Services offered by hotel management and development services company for boutique, branded, independent hotel and resort properties, Rim Hospitality based in Modesto California.
		Notification of Receivership status is sent to franchise, all vendors, lessees, and...
		The SEC alleges that the Receivership Defendants engaged in a fraudulent scheme...
	www.turnaroundcentral.com /resources/8/receivership.html (547 words)

	receivership - OneLook Dictionary Search
		receivership : Encarta® World English Dictionary, North American Edition [home, info]
		receivership : Compact Oxford English Dictionary [home, info]
		Receivership : Online Plain Text English Dictionary [home, info]
	www.onelook.com /?w=receivership (191 words)

	receivership (Site not responding. Last check: 2007-10-31)
		Receivership advice available for FREE from Debt Counsellors.
		We give debt counselling on receivership, insolvency, bankruptcy, IVA, liquidation and more.
		Advice and help with receivership, bankruptcy and insolvency issues.
	www.debtcounsellors.co.uk /resources/receivership.cfm (191 words)

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