an order by a court appointing a person to manage a company that is in financial difficulty, in an attempt to ensure the survival of the company or achieve the best realization of its assets
an order by a court for the administration of the estate of a debtor who has been ordered by the court to pay money that he owes
Order Your Coffee Like A BossRead more in this article about some frequently asked questions and fun facts related to our definitions.
“Juridical Process” vs. “Judicial Process”Let’s bring some order to these two similar terms. The juridical process relates to the administration of the law. The judicial process is the series of steps a legal dispute goes through in the court system. It deals with procedural issues, and it determines the roles of the judge and the jury in a courtroom. The judicial process also deals with the role and jurisdiction …
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012