The receiver may: 1  Run the company in order to maximize the value of the company's assets, sell the company as a whole, or sell part of the company and close unprofitable divisions.  Secure the assets of the company and/or entity.
A court order is an official proclamation by a judge (or panel of judges) that defines the legal relationships between the parties to a hearing, a trial, an appeal or other court proceedings.he content and provisions of a court order depend on the type of proceeding, the phase of the proceedings in which they are issued, and the procedural and evidentiary rules that govern the proceedings.
1. permitted by law; lawful: Such acts are not legal. 2. of or pertaining to law; connected with the law or its administration: the legal profession. 3. appointed, established, or authorized by law; deriving authority from law. 4. recognized by law rather than by equity. 5. of, pertaining to, or characteristic of the profession of law or of lawyers: a legal mind.