Official Receiver

noun

an officer appointed by the Department of Trade and Industry to receive the income and manage the estate of a bankrupt pending the appointment of a trustee in bankruptcy See also receiver

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Example Sentences

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Since then, the High Court has requested that all four company directors – Paul Waugh, Chris Nash, Shaun Cooper and Warren Vaughan – cooperate with the Official Receiver's ongoing efforts to identify any assets to pay those owed money by Lighthouse.

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According to Daniel Curthoys, in court for the Official Receiver, Shaun Cooper had also failed to turn up for any of the numerous interviews arranged by investigators.

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Tony was awarded £140,000 to make up for his shortfalls and 26 months of lost income plus interest, but the money's been swallowed up by his debts and goes straight to the Official Receiver to pay off his creditors.

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Lloyds Banking Group is understood to have appointed AlixPartners as the official receiver to sell assets to repay debts owed by the network of holding companies that ultimately controls the national newspapers and the Spectator magazine on behalf of the Barclay family.

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The lawsuit focuses on the value of major long-term construction contracts, which the Official Receiver claims were not properly accounted for in 2014, 2015 or 2016, resulting in misstatements of more than £800m on Carillion's books.

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officially Official Referee

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