Receivership

PURPOSE

A Receiver (or Receiver and Manager, Controller or Agent for the Mortgagee) is usually appointed to recover funds owing to a secured creditor such as a bank or other financier. A Receiver can also be appointed by the Court in special circumstances.
A Receiver can either continue to trade-on the business or realise some or all of the company’s assets to repay the secured creditor depending on the nature of their appointment.

BENEFITS
  • Appointment is actioned by the secured creditor pursuant to the provisions of its charge or mortgage document.
  • A secured creditor is able to recover their debt whereupon the Receiver would then typically retire (cease actions) from any further conduct on the matter.
Jones Partners have significant experience in this area and we have successfully been able to recover monies owed to secured creditors in cases where it was thought this would not be possible.

In addition, Jones Partners is able to offer clients advice in relation the most appropriate means to advance monies to businesses whilst effectively securing their financial interest.