Receivership

In law, receivership is a situation in which an institution or enterprise is held by a receiver – a person "placed in the custodial responsibility for the property of others, including tangible and intangible assets and rights" – especially in cases where a company cannot meet its financial obligations and is said to be insolvent.^[1] The receivership remedy is an equitable remedy that emerged in the English chancery courts, where receivers were appointed to protect real property.^[2] Receiverships are also a remedy of last resort in litigation involving the conduct of executive agencies that fail to comply with constitutional or statutory obligations to populations that rely on those agencies for their basic human rights.^{[citation needed]}

^ Philip, Ken, and Kerin Kaminski. [1] Secured Lender, January/February 2007, Vol. 63 Issue 1, pages 30–34,36.
^ Weingart, Liat (4 August 2011). "Receiverships in the Prison Litigation Context". Cardozo Public Law, Policy and Ethics Journal (Fall 20). SSRN 1905159.

[Philip2007-1] Philip, Ken, and Kerin Kaminski. [1] Secured Lender, January/February 2007, Vol. 63 Issue 1, pages 30–34,36.

[Weingart-2] Weingart, Liat (4 August 2011). "Receiverships in the Prison Litigation Context". Cardozo Public Law, Policy and Ethics Journal (Fall 20). SSRN 1905159.

[1]

[2]