Русско-англо-русский юридический словарь

A receiver is a person appointed by a bankruptcy court or secured creditor to run a company for a short period of time. A receiver's main function is to liquidate all available assets and ensure as much debt as possible is paid back to creditors. (Investopedia)

Administration’s primary goal is to help the company pay off their debts, thus avoiding entering liquidation – at least in the first instance. Receivership works to realise the assets of a company, to maximise the benefit for the secured creditors. Receivership will usually result in the company also entering liquidation at the same time. (Business Rescue Expert)

Receivership occurs when one or more of the company’s secured creditors appoint an independent ‘receiver’ to collect and sell a company’s assets. In administration, an administrator is appointed to review a company’s affairs and propose a course of action. (LEGALVISION)

Here, the Court of Chancery applied the savings statute in the context of claims alleging that, in a course of conduct dating back to 2013, majority LLC members managed the company to protect their affiliate’s status as a senior secured creditor and drive the company into bankruptcy, all to eliminate the minority members’ interests. (JD Supra)