Receivership

Receivership is where the debenture holder or charge holder (usually a bank) appoint a receiver to assess the worth of the company and restructure, possibly selling all or part of the company in order to recoup its investment.

The receiver's aim is to recover the value of the lenders security, and for this purpose the receiver has the power to continue trading as the company and realise its assets.

The receiver acts invariably as the agent of the company unless or until it goes into liquidation. The receiver will often seek an indemnity from the bank.

Contact Us

Call now on 0800 731 2466 to speak to one of our experienced advisers.