Receivership n. : The state or office of a receiver.

Example:
What happens when a company goes into Receivership?

Taxonomy
receiver, administrative receivership, powers, administrative receiver, administrative receivers, court-appointed receiver, creditor, manager, the United Kingdom, business, secured creditor, Insolvency Act 1986, free encyclopedia, law, appointment, California Prison, floating charge, court.

Defination from the web:
Receivership is used to denote a situation in which an institution or enterprise is being held by a receiver. ... Most individual states also have granted receivership authority to their own bank regulatory agencies and insurance regulators. ...