Meanwhile, the provisional liquidators of the failed CA Pacific have been urged by the Official Receiver to bring the dispute over the ownership of shares to court.
42.
On 31 July 1990, Aldershot were wound up in the High Court as the Official Receiver condemned them as " financially insolvent " with debts of ?95, 000.
43.
The court may appoint an official receiver, and one or more liquidators, and has general powers to enable rights and liabilities of claimants and contributories to be settled.
44.
The same arrangement exists in the UK, where the Official Receiver becomes the liquidator of the LLP, by virtue of his office, until another person is appointed the liquidator.
45.
In 1987, this resulted in a confidential offer to buy the WHR track bed from the official receiver for ?6, 000 in order to prevent the WHR being developed.
46.
Alternatively, if a person has failed to carry out their responsibilities under the bankruptcy proceedings, the Official Receiver can apply to the court to delay the discharge from bankruptcy.
47.
Official Receiver Eammon O'Connell said 9, 705 petitions of bankruptcy have been filed up to October and the figure for year 2001 would " quite clearly " exceed 10, 000.
48.
The company said that Cygal Bhd was insolvent and unable to pay its debts and is claiming that it be wound up with an Official Receiver appointed by the court.
49.
On Jan . 15, the yard's official receiver, Andrzej Wiercinski, signed a contract with a German shipping company, Schoeller Holdings Ltd ., for five container vessels, to be built from 1997-98.
50.
While acting as official receiver in a bankruptcy, Crater sold a property at a tiny fraction of the $ 3 million that the city paid to get it back shortly afterward.
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