This is a formal process whereby a receiver is appointed by an entity (normally a financial institution) with a charge over assets in corporate or personal ownership. The charge can be a fixed or floating charge. The receiver’s duty is to take possession of the assets which are subject to the charge and realise the value in these assets for the benefit of the charge holder.
In addition to our experienced corporate recovery team we also work with our own in-house tax and corporate finance experts and a range of external professionals to achieve the best possible outcome for the charge holder.