Articles Comments

Debt Relief – Insolvency – Bankruptcy Information » Insolvency » What do you think about Robert Reich idea of taking BP into Temporary Receivership?

What do you think about Robert Reich idea of taking BP into Temporary Receivership?

He’s basically saying that the US government could take control over BP.


  1. What are the risks I have if a company I am dealing with is under receivership? This company is under receivership on account of the governments’ allegations stating they have commited sales tax fraud. The received...

  2. Australia: What is the penalty of cancelling a contract with a vendor that is now under receivership? A deposit has been made for an event at a hotel in 6 months – the hotel is now under...

  3. What happens when a company goes into receivership? I work for a hotel that is going into foreclosure. It needs a lot of rennovating. We are currently in...

  4. What does it mean when a company is said to be in receivership? Who does that affect the employees? Would you join a company in receivership? ...

  5. Mann Bracken receivership – what about judgements rendered on their behalf? In sep. 2008 a judgement was rendered against me and Mann Bracken was serving as attorney. How this got past...

Written by

Filed under: Insolvency · Tags: , , , , , , , ,

5 Responses to "What do you think about Robert Reich idea of taking BP into Temporary Receivership?"

  1. ACESandElGHTS says:
    It’s a subsidiary of a foreign entity that did more quantifiable damage to the US than any other individual or state ever has. Why shouldn’t it be forced to pay through the nose until the situation is resolved? I say do it. BP will be a shell of its former self by the time this is over anyway.
  2. xomoc says:
    Well that looks good in theory.
    Will the government do it as then they would have no whipping boy to blame.
    Is the government any more competent than BP? I have my doubts.
  3. andy says:
  4. wwsracing says:
    I think they need to freeze its assets until there is a big enough trust fund set up to take care of the liability due to the oil leak. If not, BP could go under, or shortly could get taken over, and its assets moved to the new company
  5. mt01z1300 says:
    Pah – what a daft issue – Govt cannot take over a multinational company that is in profit and owned by shareholders. Obama needs a good kicking.

Leave a Reply

Connect with Facebook


You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>

Not finding what you're looking for?
Do a custom search of our entire site:

Get Adobe Flash player