Dennis K's post mentions both Receivership and Liquidation
Whirls - you're right, but I think DennisK may be confused. Liquidation is the last thing that happens to the company and usually takes months, or even years, after the 'doctor' has resuscitated the patient's assets - or not. There's no such thing as a liquidator as such, it's just the final process of the admin (i.e. winding up the company) and is performed by the administrative receiver.