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Home > QFINANCE Dictionary > Definition of official receiver

Definition of

official receiver

Legal

UK court agent managing bankruptcy in the United Kingdom, an officer of the court who is appointed to wind up the affairs of an organization that goes bankrupt. An official receiver is appointed by the Department for Business, Enterprise & Regulatory Reform and often acts as a liquidator. The job involves realizing any assets that remain to repay debts, for example, by selling property.

Related definitions of "official receiver"

  • Abbr OR

Definitions of ’official receiver’ and meaning of ’official receiver’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’official receiver’ and other financial terms with our online QFINANCE Financial Dictionary.

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