/kɔːrt əˈpɔɪntɪd rɪˈsiːvərʃɪp/ – Phrase
Definition: chức trách nhiệm vụ của người được tòa án chỉ định quản lý tài sản của người bị vỡ nợ hay tài sản tranh chấp.
A more thorough explanation: Court-appointed receivership refers to a legal process in which a court appoints an individual or entity (known as a receiver) to take control of and manage the assets or property of a business or individual that is in financial distress or facing legal challenges. The receiver acts as a neutral third party to protect and preserve the assets involved, and may be tasked with overseeing the operation of the business, liquidating assets, or carrying out other actions as directed by the court. This process is typically used to address issues such as insolvency, fraud, or other situations where the court determines that the appointment of a receiver is necessary to protect the interests of creditors or other parties involved.
Example: In the case of financial mismanagement, the court appointed a receiver to take control of the company’s assets and operations through receivership.