A secured creditor is able to appoint receivers over a debtor and its assets in certain circumstances, usually as a result of non-payment.
The primary function of a receiver is to secure the situation and realise the assets of the debtor in an efficient manner for the secured creditor, although the receiver holds certain duties to all creditors.
Our approach in receiverships is inclusive, practical and pragmatic. We are known for providing innovative realisation strategies to maximise the financial return.
It is often the case that a debtor’s most valuable asset is its business, and we can preserve this asset by continuing to trade on the business with a view to its sale as a going concern.
We’ll work with you to resolve the situation – contact one of our experts now.
We understand the importance of customer relationships, and are able to assist with independent debtor reviews, debtor workouts and asset sell downs outside of receivership.
We have a team of licensed insolvency practitioners and industry experts who hold specialist experience in a range of sectors and in working with all stakeholders to maximise the financial return and ensure a successful outcome.