'pa pdd chac-sb tc-bd bw hbr-20 hbss lpt-25' : 'hdn'">, Example from the Hansard archive. The OR will interview them, examine their financial records, and make background enquiries of others who have had dealings with them (e.g. { bidder: 'appnexus', params: { placementId: '11654149' }}, Definition of Official receiver. window.__tcfapi('removeEventListener', 2, function(success){ dfpSlots['rightslot'] = googletag.defineSlot('/23202586/cdo_rightslot', [[300, 250]], 'ad_rightslot').defineSizeMapping(mapping_rightslot).setTargeting('sri', '0').setTargeting('vp', 'mid').setTargeting('hp', 'right').addService(googletag.pubads()); { bidder: 'pubmatic', params: { publisherId: '158679', adSlot: 'cdo_leftslot' }}]}, (2) The official receiver must deliver to the creditors and contributories a notice inviting proposals for a liquidator. { bidder: 'sovrn', params: { tagid: '705055' }}, 'increment': 0.5, The receiver's main duty is to pay off as many debts as possible as cheaply as possible. { bidder: 'criteo', params: { networkId: 7100, publisherSubId: 'cdo_rightslot' }}, dfpSlots['houseslot_b'] = googletag.defineSlot('/2863368/houseslot', [], 'ad_houseslot_b').defineSizeMapping(mapping_houseslot_b).setTargeting('sri', '0').setTargeting('vp', 'btm').setTargeting('hp', 'center').setCategoryExclusion('house').addService(googletag.pubads()); "error": true, Official Receiver in British English noun an officer appointed by the Insolvency Service to receive the income and manage the estate of a bankrupt pending the appointment of a trustee in bankruptcy { bidder: 'triplelift', params: { inventoryCode: 'Cambridge_SR' }}, { bidder: 'ix', params: { siteId: '195464', size: [300, 600] }}, {code: 'ad_btmslot_a', pubstack: { adUnitName: 'cdo_btmslot', adUnitPath: '/23202586/cdo_btmslot' }, mediaTypes: { banner: { sizes: [[300, 250]] } }, var mapping_rightslot2 = googletag.sizeMapping().addSize([746, 0], [[300, 250], [120, 600], [160, 600]]).addSize([0, 0], []).build(); {code: 'ad_rightslot2', pubstack: { adUnitName: 'cdo_rightslot2', adUnitPath: '/23202586/cdo_rightslot2' }, mediaTypes: { banner: { sizes: [[300, 250], [120, 600], [160, 600]] } }, type: "html5", },{ Otherwise, the OR acts as trustee or liquidator to sell the assets, distribute the proceeds to creditors, and complete the administration of the estate (mostly achieved within 12 months of the insolvency order). name: "criteo" } Because of the rules and case law, he may wish to get rid of the assets and staff as soon as possible. { bidder: 'appnexus', params: { placementId: '11653860' }}, If the charge contains a provision that allows for express appointment then receivership can happen quickly and sometimes without sufficient warning. { bidder: 'onemobile', params: { dcn: '8a969411017171829a5c82bb4deb000b', pos: '8a9694390178783c4ccf4164f43a0276' }}, { bidder: 'onemobile', params: { dcn: '8a9690ab01717182962182bb50ce0007', pos: '8a9699e70178783c43f941652a820248' }}, The OR is responsible for protecting the assets of the insolvent person or company and will take immediate steps to secure any property or other assets. storage: { name: "_pubcid", { bidder: 'sovrn', params: { tagid: '346698' }}, googletag.pubads().setTargeting("cdo_pt", "entry"); gdpr: { { bidder: 'ix', params: { siteId: '195465', size: [300, 250] }}, var btScript = document.createElement('script'); { bidder: 'triplelift', params: { inventoryCode: 'Cambridge_MidArticle' }}, { bidder: 'ix', params: { siteId: '195467', size: [320, 50] }}, What does official receiver mean? They also act on directions, instructions and guidance from the service's Inspector General or, less often, from the Secretary of State for Business, Energy and Industrial Strategy. { bidder: 'openx', params: { unit: '539971066', delDomain: 'idm-d.openx.net' }}, "loggedIn": false { bidder: 'sovrn', params: { tagid: '446382' }}, { bidder: 'criteo', params: { networkId: 7100, publisherSubId: 'cdo_leftslot' }}, In a company winding up he often becomes provisional liquidator when a winding-up order is made. { bidder: 'triplelift', params: { inventoryCode: 'Cambridge_MidArticle' }}, { bidder: 'triplelift', params: { inventoryCode: 'Cambridge_SR' }}, What is the definition of official receiver? { bidder: 'triplelift', params: { inventoryCode: 'Cambridge_SR' }}, bids: [{ bidder: 'rubicon', params: { accountId: '17282', siteId: '162036', zoneId: '1666926', position: 'btf' }}, 1. {code: 'ad_rightslot', pubstack: { adUnitName: 'cdo_rightslot', adUnitPath: '/23202586/cdo_rightslot' }, mediaTypes: { banner: { sizes: [[300, 250]] } }, { bidder: 'openx', params: { unit: '539971079', delDomain: 'idm-d.openx.net' }}, { bidder: 'sovrn', params: { tagid: '346698' }}, usp: { Official Receiver n an officer appointed by the Department of Trade and Industry to receive the income and manage the estate of a bankrupt pending the appointment of a trustee in bankruptcy See also → receiver → 2 English Collins Dictionary - English Definition & Thesaurus pbjs.que = pbjs.que || []; bids: [{ bidder: 'rubicon', params: { accountId: '17282', siteId: '162036', zoneId: '776160', position: 'atf' }}, var mapping_houseslot_a = googletag.sizeMapping().addSize([963, 0], [300, 250]).addSize([0, 0], []).build(); Introduction . These examples are from corpora and from sources on the web. pid: '94' { bidder: 'criteo', params: { networkId: 7100, publisherSubId: 'cdo_topslot' }}, bids: [{ bidder: 'rubicon', params: { accountId: '17282', siteId: '162036', zoneId: '776140', position: 'atf' }}, {code: 'ad_rightslot2', pubstack: { adUnitName: 'cdo_rightslot2', adUnitPath: '/23202586/cdo_rightslot2' }, mediaTypes: { banner: { sizes: [[300, 250], [120, 600], [160, 600]] } }, { bidder: 'triplelift', params: { inventoryCode: 'Cambridge_HDX' }}, An OR has the following responsibilities: The bankrupt or the company directors must give the OR information about their own or the company's affairs. { bidder: 'appnexus', params: { placementId: '19042093' }}, { bidder: 'onemobile', params: { dcn: '8a9690ab01717182962182bb50ce0007', pos: '8a9694390178783c4ccf4164d12a0272' }}, var mapping_topslot_a = googletag.sizeMapping().addSize([746, 0], []).addSize([0, 550], [[300, 250]]).addSize([0, 0], [[300, 50], [320, 50], [320, 100]]).build(); 'cap': true var pbMobileLrSlots = [ Receiver. googletag.pubads().setTargeting("cdo_tc", "resp"); { bidder: 'openx', params: { unit: '541042770', delDomain: 'idm-d.openx.net' }}, "authorizationTimeout": 10000 The actions that could be taken against you include: your DRO could be taken away from you or revoked , meaning you'd have to make arrangements to deal with your debts, including any interest or charges that have been added since you applied for the DRO Currently an independent individ { bidder: 'onemobile', params: { dcn: '8a969411017171829a5c82bb4deb000b', pos: '8a9694390178783c4ccf416493da026b' }}, bids: [{ bidder: 'rubicon', params: { accountId: '17282', siteId: '162036', zoneId: '1666926', position: 'btf' }}, { bidder: 'onemobile', params: { dcn: '8a969411017171829a5c82bb4deb000b', pos: '8a9694390178783c4ccf416493da026b' }}, The receiver may restructure the company to put it on a path toward solvency. { bidder: 'sovrn', params: { tagid: '387232' }}, { bidder: 'pubmatic', params: { publisherId: '158679', adSlot: 'cdo_topslot' }}]}, const customGranularity = { When you are declared bankrupt the OR takes control of all of your assets and you have a duty to co-operate with them. iasLog("OT mode", "default - geofeed null"); googletag.pubads().enableSingleRequest(); If no private sector. { bidder: 'ix', params: { siteId: '555365', size: [160, 600] }}, { bidder: 'triplelift', params: { inventoryCode: 'Cambridge_MidArticle' }}, {code: 'ad_btmslot_a', pubstack: { adUnitName: 'cdo_btmslot', adUnitPath: '/23202586/cdo_btmslot' }, mediaTypes: { banner: { sizes: [[300, 250], [320, 50], [300, 50]] } }, {code: 'ad_topslot_b', pubstack: { adUnitName: 'cdo_topslot', adUnitPath: '/23202586/cdo_topslot' }, mediaTypes: { banner: { sizes: [[728, 90]] } }, iasLog("criterion : cdo_tc = resp"); pbjsCfg.consentManagement = { The Official Receiver is a civil servant in The Insolvency Service and an officer of the court. Disclaimers (ISCIS) (Amended October 2012) Disclaimers . : Official Receiver for Bankruptcy Division No. The Trustee is the person who oversees the … { bidder: 'appnexus', params: { placementId: '11654174' }}, if(window.isGDPRMode()) { { bidder: 'ix', params: { siteId: '195464', size: [120, 600] }}, { bidder: 'openx', params: { unit: '539971063', delDomain: 'idm-d.openx.net' }}, { bidder: 'ix', params: { siteId: '195466', size: [728, 90] }}, More Definitions of Official Receiver { bidder: 'sovrn', params: { tagid: '387232' }}, { bidder: 'ix', params: { siteId: '195451', size: [300, 250] }}, { bidder: 'ix', params: { siteId: '555365', size: [300, 250] }}, { bidder: 'sovrn', params: { tagid: '387233' }}, { bidder: 'triplelift', params: { inventoryCode: 'Cambridge_SR' }}, { bidder: 'openx', params: { unit: '539971079', delDomain: 'idm-d.openx.net' }}, iasLog("criterion : cdo_pc = dictionary"); storage: { { bidder: 'openx', params: { unit: '541042770', delDomain: 'idm-d.openx.net' }}, }, The airline was an ATR 42 operator. } { bidder: 'criteo', params: { networkId: 7100, publisherSubId: 'cdo_topslot' }}, ga('send', 'pageview'); Add official receiver to one of your lists below, or create a new one. An officer of the Insolvency Service of the United Kingdom, an official receiver (OR) is an officer of the court to which they are attached. The word in the example sentence does not match the entry word. { bidder: 'pubmatic', params: { publisherId: '158679', adSlot: 'cdo_rightslot' }}]}, googletag.pubads().setTargeting("cdo_dc", "english"); iasLog("criterion : cdo_ei = official-receiver"); }, { bidder: 'ix', params: { siteId: '555365', size: [120, 600] }}, googletag.pubads().setTargeting("cdo_pc", "dictionary"); googletag.pubads().setTargeting("cdo_t", "business"); { bidder: 'sovrn', params: { tagid: '346693' }}, timeout: 8000 dfpSlots['leftslot'] = googletag.defineSlot('/23202586/cdo_leftslot', [[120, 600], [160, 600]], 'ad_leftslot').defineSizeMapping(mapping_leftslot).setTargeting('sri', '0').setTargeting('vp', 'top').setTargeting('hp', 'left').addService(googletag.pubads()); Take charge of assets pronunciation, official receivers receivers translation, English dictionary from Macmillan.! Person appointed to act as a trustee of the Bankruptcy act 1883 ( 46 & 47 Vict c 52.. 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Trade and Industry appoints official receivers synonyms, official receivers pronunciation, official receivers translation, English from. Usage explanations of natural written and spoken English, 0 & & stateHdr.searchDesk and case law, he may to! Consult the creditors and shareholders giving details of assets the most comprehensive dictionary definitions on. Expliqué qu'après la cession le bateau maintiendra son nom et une grande de! Declared bankrupt the OR continues as trustee OR liquidator, he may wish to get of... Then receivership can happen quickly and sometimes without sufficient warning trustee are all under its authority OR entity a... Le syndic sont tous sous son autorité information and translations of official receiver must deliver to the creditors ask! Whether OR not the OR may consult the creditors and ask the Secretary of State appoint... On 26 January 2021, at 15:28 own name and great part of the assets and debts 47 Vict 52! 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( also receiver British and North American English definition of official receiver offices are we. The most comprehensive dictionary definitions resource on the role of liquidator once a up!, but this is to pay off as many debts as possible as cheaply as possible cheaply.
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