Official Receiver

noun

1. an officer appointed by the Department of Trade and Industry to receive the income and manage the estate of a bankrupt pending the appointment of a trustee in bankruptcy See also receiver

Example Sentences

Tony was awarded £140,000 to make up for his shortfalls and 26 months of lost income plus interest, but the money's been swallowed up by his debts and goes straight to the Official Receiver to pay off his creditors.

From BBC

Bankruptcy: This is the most serious option, which involves an official receiver being appointed to sell off your assets to pay your debts.

From BBC

Bankruptcy: This is the most serious option, which involves an official receiver being appointed to sell off your assets to pay your debts.

From BBC

Bankruptcy: This is the most serious option, which involves an official receiver being appointed to sell off your assets to pay your debts.

From BBC

Bankruptcy: This is the most serious option, which involves an official receiver being appointed to sell off your assets to pay your debts.

From BBC