Interim Receiver: Canada Debt .ca defines Interim Receiver

Bankruptcy Term Interim Receiver

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Canada Debt has the definition to the bankruptcy and debt term Interim Receiver. Finding answers to terms such as Interim Receiver can be difficult, especially if there is more than one definition which is why we have created a page dedicated to financial terms dealing exclusively with debt. Interim Receiver in financial terms means...

In debt and bankruptcy terms, the phrase / term 'Interim Receiver' is used as follows:

A person appointed by the Court to be a watchdog regarding the assets of a debtor during that time between the application to the Court for a Receiving Order and the time where the Receiving Order is handed down. An Interim Receiver may also be appointed where a secured creditor is about to send out, or has sent out, a Notice of Demand under the Bankruptcy and Insolvency Act of its intention to enforce its security, or the debtor has filed a Notice of Intention to Make a Proposal or has filed a proposal.