Official Receiver


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See: assessor

Official Receiver

the official in the Insolvency Service and an Officer of Court who acts as interim receiver and manager of the estate of the debtor and presides at the first meeting of creditors. In a company winding up he often becomes provisional liquidator when a winding-up order is made.
References in periodicals archive ?
Commenting on this case Paul Titherington, Official Receiver in the Public Interest Unit, said:Mr Thompson should have known that the carbon credits the company was selling were wholly unsuitable as an investment given the price the company charged, and the absence of a marketplace where investors could sell their carbon credits.
Ms Turley believes 11 proposals regarding the plant were initially put forward to the Official Receiver.
The Official Receiver said he will continue to monitor the number of staff required to safely manage the site in a closure situation, adding that numbers will decline as the closure plan progresses.
But the official receiver said there was no justification for spending more taxpayers' money on keeping the plant running when there was nobody who wanted to buy it.
Authority, the Official Receiver and the Court-appointed observer
If you own a business, it is more than likely that the Official Receiver will close it down and sell off the assets.
The role of the Official Receiver is to deal, on a corporate level, with the death of a company and on a personal level, the demise of someone's prosperity - killed off through insurmountable debt.
Swash's agent has said: "There was a tax issue for which the final payment is imminent and once made discussions will be held with the Official Receiver to seek to reverse the bankruptcy order.
Swash's agent said: "There was a tax issue for which the final payment is imminent and, once made, discussions will be held with the official receiver to seek to reverse the bankruptcy order.
A LUXURY apartment development which went bust will not be bailed out by the council taxpayer despite pleas from the official receiver.
TWENTY racehorses belonging to former owner/breeder Israrr Mian, who had a restraining order placed on his bloodstock interests while HM Revenue & Customs conducted an investigation into a possible pounds 2 million VAT fraud, have been handed over to the Official Receiver, writes David Milnes.
A winding-up order will be made on April 2, when an official receiver will be appointed.