Is a means of handling the estate of a distressed debtor. Its purpose is to rehabilitate, but if this cannot be accomplished, receivership proceedings will result in liquidation. ww w.crfonline.o rg/ orc/ glossary/ r. html. Complain about this comment ...... Lets forgive this man? Complain about this comment. 251. flag. wiksin says: January 29, 2009 at 12:37 pm. the case is too long. it is as if chluba is a doctrate course at the high court. Complain about this comment ...