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Receivership (Noun)

The state of property that is in the hands of a receiver; "the business is in receivership".

Nouns denoting natural processes.

The company was placed in receivership after failing to pay its debts for several months.
The bank took control of the property and put it in receivership to recover the outstanding mortgage.
The airline was forced into receivership due to financial difficulties and was subsequently sold to a new owner.
The court appointed a receiver to manage the assets of the company, which was now in receivership.
The hotel was in receivership for over a year before a new buyer was found to take over the business.

A court action that places property under the control of a receiver during litigation so that it can be preserved for the benefit of all.

Nouns denoting acts or actions.

The company was placed in receivership by the court due to its failure to pay debts to multiple creditors.
During the lengthy lawsuit, the property was put in receivership to prevent either party from selling or transferring it.
The judge appointed a receiver to manage the assets of the bankrupt company until the matter was resolved.
The family business was put in receivership after the sudden death of the owner, to prevent any hasty decisions by the heirs.
The court ordered the factory into receivership to prevent the owner from liquidating assets before the environmental cleanup costs were determined.