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LSDefine

Simple English definitions for legal terms

expenses of receivership

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A quick definition of expenses of receivership:

Expenses of Receivership: These are costs that a person in charge of a business (called a receiver) has to pay while running the business. These costs include things like rent, fees for lawyers, and payments to people who help the receiver, like appraisers and auditors.

A more thorough explanation:

Expenses of receivership refer to the costs incurred by a receiver in managing a business or property. These expenses include rent, fees paid to the receiver's counsel, and payments made to any master, appraiser, or auditor hired to assist in the receivership process.

For example, if a company goes bankrupt and a receiver is appointed to manage its assets, the receiver may need to hire an appraiser to determine the value of the company's property. The fees paid to the appraiser would be considered an expense of receivership.

Another example would be if a receiver is appointed to manage a rental property. The receiver would need to pay rent for the property, as well as any fees incurred by their counsel or other professionals hired to assist in the management of the property.

expense ratio | expense stop

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General

General chat about the legal profession.
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medicine is a scam
join the ethically ambiguous legal field instead
Dkk
18:57
I want to meet an attorney that defends clients who run into flat earth problems. I want an attorney that knows and believes in flat earth theory.
19:05
i want a flat earther for president. i want a guy who posts on 4chan for president. i want someone who mogs for president.
Dkk
19:18
Exactly. My version of that awful poem.
Dkk
19:19
I can accept a president with maybe one or two of the poems traits hut good God, all of them??? No ty.
windyMagician
19:20
president who respects sex is crazy
windyMagician
19:20
we had bill clinton already
Dkk
19:21
Bill Clinton, first and last black president
windyMagician
19:23
I want to go running but my leg feels weird
windyMagician
19:23
it doesn't hurt its just tingly
Dkk
19:26
It needs more alcohol. You tingle when your nerves need watering.
19:27
try stretching it maybe to see what's up
windyMagician
19:27
stretches make me think it's just soreness
windyMagician
19:27
I'm sober lol
Dkk
19:38
Anyone else get the google notification that your LSD password has been compromised lol. LSD got hacked.
20:48
what.jpg @Dkk
CynicalOops
21:03
You think you just fell out of a coconut tree?
jackfrost11770
21:10
nope dk
CynicalOops
22:37
Calvinamala Harris
jackfrost11770
23:16
should i start using letterboxed again
Dkk
23:25
@jackfrost11770: if you want but like it aint for me
dk do u ever eat at bk
Dkk
23:48
@chickenburgahfart: I would do that in the Army if really desperate for food or if I had to work through lunch. One of the few fast food places I go to.
bk so slept on
Dkk
0:23
I will take In N Out everyday over it when I can though.
texaslawhopefully
1:22
In N Out is not only the best fast food place, but the prices too are fantastic
Dkk
1:27
Indeed, indeed.
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