Receivers

In general knowledge, a receiver refers to a person or entity that is appointed to manage the assets, finances, or operations of an organization that is unable to meet its obligations, such often occurs during bankruptcy or legal disputes. The receiver's role is to protect the assets, ensure fair treatment of creditors, and facilitate the company’s restructuring or liquidation. This ensures that the process is conducted fairly and according to the law, aiming to maximize the value of the assets while minimizing losses for creditors and stakeholders involved.