How to find out if a company is in receivership?

Listed below are the companies currently in the Receivership process. Click on the name of a company to access more information about that company such as new claims, contact information, premium information, pending claims and information regarding the company’s policies and coverage.

Who are the health insurance companies in receivership?

PHYSICIANS UNITED PLAN, INC. UNIVERSAL HEALTH CARE INSURANCE COMPANY, INC. UNIVERSAL HEALTH CARE, INC.

What is the process of an administrative receivership?

An administrative receivership is a less common process in which the lender assumes control of an indebted company’s business operations in order to recover monies owed.

When does a receivership of a property end?

In most cases an experienced receiver can find ways to add realisable value to the property before negotiating a sale or acquisition. Receivership ends when the receiver has recovered the amount of money due to the mortgagee that appointed them.

What happens when a company is placed in a receivership?

For example, if an entire company is placed in Receivership, the Receiver stands in the shoes of that company. Nevertheless, the Receiver may be given power to set aside or undo certain actions taken or transactions entered by the person or entity before the Receiver was appointed.

What is a typical appointment for a receivership?

Receivership – A typical appointment: Having borrowed against a business plan that has not worked, a company finds that it is suffering cashflow problems. In an effort to survive, the company reports its problems to the bank and the bank asks for more information on the problems the company faces.

Who is required to be a receiver of a company?

Final say rests with the judge, though. There are no specific requirements to be a receiver, although in general, the receiver cannot be a party to the legal dispute, an attorney for anyone involved in the dispute, someone with a financial interest in the case, or a relative of the judge.

How long does it take for an insurance company to become a receiver?

OVERVIEW OF INSURER RECEIVERSHIP PROCEEDINGS Insurance receiverships vary greatly in size and complexity; therefore, there is no one uniform approach to their administration. The receivership process may take a few months or several years to conclude.