The firm is now operating under a court appointed receiver.

The court appointed a receiver to take over the funds and determine their future.

Instead, a state appointed receiver was to take charge of the city's finances.

In December, a judge appointed receivers for the indicted companies.

When the railroad fell into financial difficulties, he was appointed receiver.

At that hearing, the judge will consider the state's request to appoint a receiver to take control of the business.

In three weeks, advocates for children will ask a Federal judge to appoint a receiver to take over the child welfare agency.

The court appointed a receiver to raise the money, if necessary by selling the club's assets.

They demanded that a judge appoint a receiver to go through its accounts.

"This is a city on the brink of bankruptcy and having a receiver appointed," he said.