This is a receivership, not bankruptcy. And what it really means in a nutshell is that the creditors with secured loans are not very happy (most likely delinquent payments) and the actual management of ARC will now be taken over by the Receiver. It would make no sense for the receiver to liquidate ARC's critical infrastructure unless things are totally desperate. Remember, receivership is an action taken by the creditors, not ARC. If ARC needs to protect themselves from the creditors, then they would be filing Chapter 11. Which is really a whole different (although often interrelated) thing.....
