/rɪˈsiːvərʃɪp prəˈsiːdɪŋz/ – Phrase
Definition: việc xem xét vấn đề chỉ định người quản lý tài sản của người bị vỡ nợ hay tài sản là đối tượng tranh chấp tư pháp.
A more thorough explanation: Receivership proceedings refer to a legal process in which a court appoints a receiver to take control of a company’s assets and operations in order to protect the interests of creditors or other stakeholders. This typically occurs when a company is facing financial difficulties or insolvency, and the receiver is tasked with managing the company’s affairs in a way that maximizes the value of its assets for the benefit of creditors.
Example: The company was placed into receivership proceedings after failing to meet its financial obligations.