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ACCA











Corporate Recovery & Insolvency

Receiverships

Where individuals or companies hold a debenture, usually in the form of fixed and floating charges, we can act as Administrative Receiver of the subject of the debenture. This will involve realising the assets of the company and accounting to the debenture holder for sums received under the terms of the fixed charge. Unlike in a liquidation, the Insolvency Practitioner is not responsible for distributing available funds to creditors other than the debenture holder. The Insolvency Practitioner works for the debenture holder and, if required, can work closely with the debenture holder to ensure that realizations are maximized to achieve the best possible outcome.

Insolvency

 

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