receivership
noun
re·ceiv·er·ship ri-ˈsē-vər-ˌship 
1
: the office or function of a receiver
2
: the state of being in the hands of a receiver
Example Sentences
Years of financial difficulty eventually placed the company into receivership.
Recent Examples on the Web So far about 1,000 investors have reached out to Raines Feldman, the law firm handling the receivership, according to David A. Castleman, who has been appointed temporary receiver for EminiFX. 
Michelle Singletary, Washington Post, 18 May 2022 Since February, five insurers have been deemed insolvent and placed into receivership. Jim Saunders, Sun Sentinel, 1 Sep. 2022 Since February, five insurers have been deemed insolvent and placed into receivership. Jim Saunders, Orlando Sentinel, 31 Aug. 2022 Insurance Commissioner David Altmaier on Wednesday asked the Department of Financial Services’ Division of Rehabilitation and Liquidation to initiate delinquency proceedings against the company and prepare to place in into receivership. Ron Hurtibise, Sun Sentinel, 4 Aug. 2022 The idea of receivership for the schools gives me pause for many reasons, but hubris is high on the list. Adrian Walker, BostonGlobe.com, 17 June 2022 The celebratory announcement of the new contract underscores how Wu and Tang have rallied together before the state education board against receivership. Globe Staff, BostonGlobe.com, 14 July 2022 Jay Peak is now under receivership in connection with the misuse of immigration funds that cheated foreign nationals and elsewhere out of millions of dollars. Russell Flannery, Forbes, 10 June 2022 The body was a curvaceous-if-sober masterpiece by Carrozzeria Touring of Milan, who sadly went into receivership even before the final 400 GT 2+2 was built. Robert Ross, Robb Report, 6 June 2022 See More
Michelle Singletary, Washington Post, 18 May 2022 Since February, five insurers have been deemed insolvent and placed into receivership. Jim Saunders, Sun Sentinel, 1 Sep. 2022 Since February, five insurers have been deemed insolvent and placed into receivership. Jim Saunders, Orlando Sentinel, 31 Aug. 2022 Insurance Commissioner David Altmaier on Wednesday asked the Department of Financial Services’ Division of Rehabilitation and Liquidation to initiate delinquency proceedings against the company and prepare to place in into receivership. Ron Hurtibise, Sun Sentinel, 4 Aug. 2022 The idea of receivership for the schools gives me pause for many reasons, but hubris is high on the list. Adrian Walker, BostonGlobe.com, 17 June 2022 The celebratory announcement of the new contract underscores how Wu and Tang have rallied together before the state education board against receivership. Globe Staff, BostonGlobe.com, 14 July 2022 Jay Peak is now under receivership in connection with the misuse of immigration funds that cheated foreign nationals and elsewhere out of millions of dollars. Russell Flannery, Forbes, 10 June 2022 The body was a curvaceous-if-sober masterpiece by Carrozzeria Touring of Milan, who sadly went into receivership even before the final 400 GT 2+2 was built. Robert Ross, Robb Report, 6 June 2022 See More Word History
First Known Use
15th century, in the meaning defined at sense 1
Legal Definition
receivership
noun
re·ceiv·er·ship ri-ˈsē-vər-ˌship
1
: the office or function of a receiver
2
: a proceeding in which a receiver is appointed
3
: the state of being in the hands of a receiver compare bankruptcy