If a company is in receivership, it cannot pay what it owes, so the law puts a special official — a receiver — in charge. The old bosses lose control.

If a company is in receivership如果一間公司in receivership（進入接管） it cannot pay what it owes代表它還不出欠的錢 so the law puts a special official所以法律會派一個特別的官員 a receiver就是接管人 in charge來負責The old bosses lose control原本的老闆就失去了控制權

The receiver takes the company’s buildings, machines, and money, and uses them (often by selling them) to pay the bank and the other people waiting for their money.

The receiver takes the company's buildings, machines, and money接管人會接手公司的房產、機器和錢 and uses them (often by selling them)並運用它們（通常是賣掉） to pay the bank and the other people waiting for their money拿去付銀行和其他等著拿錢的人

You meet this word in British news and in legal writing. American papers more often say a company is in bankruptcy, or that a court has put a receiver in charge.

You meet this word你會在 in British news and in legal writing英國新聞和法律文件裡遇到這個詞American papers美國的報紙 more often say a company is in bankruptcy比較常說一間公司破產了 or that a court has put a receiver in charge或是說法院派了接管人來負責

Though actually, receivership is not simply “the company is dead.” Bankruptcy is a wider legal process; receivership means this one thing: an official now holds the keys. Sometimes the receiver keeps the business running for a while; sometimes they shut it down. Either way, it is a grave sign that the company has failed to pay its debts.

receivership is not simply "the company is dead."receivership不只是單純「公司死了」 Bankruptcy is a wider legal process破產（bankruptcy）是比較大範圍的法律程序 receivership means this one thing而receivership只表示這一件事 an official now holds the keys就是有個官員現在掌管了大權Sometimes the receiver keeps the business running for a while有時接管人會讓公司再繼續營運一陣子 sometimes they shut it down有時則直接把它關掉Either way不管是哪一種 it is a grave sign都是個嚴重的信號 that the company has failed to pay its debts代表這間公司已經還不出債了