Receivership? Administration? Examinership? What do they really mean...?

zerosumgame said:

These terms have been used to describe the affairs of companies over the past couple of months....I am aware that they are all used when a company is in difficulty. However....I am not au fait with the mechanics of each one. What exactly happens when a company is placed in receivership/administration....what does an examiner do? Who determines which option is chosen?

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