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Receiver (3)
RECEIVER (3)

Definition: (law) A person who is chosen by a court to be in charge of a company that is bankrupt.
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* All seven elements should be in.


1. Purposeful and necessary.

2. Person is qualified to manage 'business'. That is, has the relevant experience and/or qualification. In other words, professional and registered.

3. Adequately supported or given the wherewithal to carry out assigned tasks.

4. Has specific functions, roles, duties and responsibilities, etc., as determined by the court.

5. Performs functions effectively and efficiently (connect to #4).

6. Does not benefit from the final sale or liquidation of company.

7. Person does not exceed mandate or overshoot a (the) budget. (To emphasize, connect to #5.)
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* NOT THE FINAL 'UNDERTAKER' !

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