In the first of a four-part series on heart failure, we investigate what it is, what causes it and whatâs the prognosis. The Unrelaxing Heart. The second installment explains heart failure with muscle intact. Queen Latifah and her mom, Rita, share their personal experience with Ritaâs own heart failure diagnosis.
In law, receivership is a situation in which an institution or enterprise is held by a receiverâa person placed in the custodial responsibility for the property of others, including tangible and intangible assets and rightsâespecially in cases where a company cannot meet financial obligations or enters bankruptcy.
The settlement of the financial affairs of a business or individual through the sale of all assets and the distribution of the proceeds to creditors, heirs, or other parties with a legal claim. The liquidation of a corporation is not the same as its dissolution (the termination of its existence as a legal entity). Depending upon statute, liquidation can precede or follow dissolution.