receivership

[ ri-see-ver-ship ]

/ rɪˈsi vərˌʃɪp /

the condition of being in the hands of a receiver.

the position or function of being a receiver in charge of administering the property of others.

Origin of receivership

First recorded in 1475–85; receiver + -ship

I am convinced by what I have read that the next thing I will hear is that Fox is in receivership!

When Hollywood Flirted with Porn: 1969, ‘Myra Breckinridge,’ ‘Beyond the Valley of the Dolls,’ & 20th Century Fox |Robert Hofler |February 1, 2014 |DAILY BEAST
All across the country, banks had failed, railroads had gone into receivership, farms had foreclosed, and jobs had disappeared.

Welcome Back to the Gold Rush |Howard Blum |April 28, 2011 |DAILY BEAST
The funds that he came in control of by this means enabled him to settle his receivership.

Autobiography of Charles Clinton Nourse |Charles Clinton Nourse
He sank into an arm-chair, and, in a gasping voice, faltered: "It's done; we shall get the receivership."

The Fortune of the Rougons |Emile Zola

In winding up the receivership of the paper company Bassett had treated Harwood generously.

A Hoosier Chronicle |Meredith Nicholson
And I figure that if the road goes into a receivership the bonds will pay sixty anyhow.

Otherwise Phyllis |Meredith Nicholson
The Plantagould people want your railroad, and the receivership is a part of a plan for acquiring it.

The Grafters |Francis Lynde

receivership

/ (rɪˈsiːvəʃɪp) /

the office or function of a receiver

the condition of being administered by a receiver