A receivership in which there is no equity available to pay general creditors. [Cases: Receivers 151, 163. C.J.S. Receivers ¡ì¡ì 299¨C301, 390¨C401.]
What is the legal equivalence of dry receivership in Chinese?
LegalLingo, a Shanghai-based translation agency, is a recognized leader in comprehensive legal language solutions for the legal industry. We provide the world’s leading law firms and corporate legal teams with a full suite of services, ranging from the translation of contracts and compliance documentation to full-scale multilingual litigation requiring certified translation and Chinese document review. We deliver customized legal document translation solutions based on your case’s size and budget requirements, utilizing industry-leading technology to ensure accuracy, lower costs and faster turnaround times.