a person who is appointed, subject to a floating charge, to receive monies/property owed.
Insolvency practitioner appointed when a company goes into receivership (work out). A company may go straight to administrative receivership, presided over by an administrative receiver, usually known simply as the receiver. see also Chapter 11
a receiver or manager of the whole, or substantially the whole, of a company's property and is appointed by or on behalf of the holders of any debentures of the company secured by a floating charge
an insolvency practitioner appointed pursuant to powers contained in a debenture which is secured by a floating charge that covers the whole or substantially the whole of the company's assets. The function of the administrative receiver is to realise the assets for the benefit of the debenture holder (usually a bank).
An insolvency practitioner appointed when a company goes into receivership. If a company is unsalvageable, it may go straight to administrative receivership, presided over by an administrative receive (More)
The person appointed by the holder (normally a bank) of a floating charge debenture over a company's assets. His primary role is to realise and collect the assets of the company to repay the debenture holder. It is no longer possible to appoint an administrative receiver under a debenture created after 15 September 2003. This is to limit the influence of banks and other secured lenders in insolvency proceedings.
The person appointed by the holder of a floating charge debenture over a company's assets to collect in and realise the assets of that company and to repay the indebtedness to the debenture holder.
A person appointed by the holder of a floating charge debenture over a companies assets and whose primary objective is to realise and collect the assets of the company in order to repay the debenture holder.
A licensed insolvency practitioner who has been appointed by the holder of a debenture to realise the company?s assets on behalf of the debenture holder.
Appointed by the holder of a floating charge covering the whole, or substantially the whole, of a company’s property. He can carry on the company’s business and sell the business and other assets comprised in the charge to repay the secured and preferential creditors. Sometimes abbreviated to receiver.
An IP appointed by the holder of a debenture that is secured by a floating charge that covers the whole or substantially the whole of the company's assets. The IP's task is to realise those assets on behalf of the debenture holder.
Insolvency practitioner appointed in the UK when a company goes into receivership. If a company is unsalvageable, it may go straight to administrative receivership, presided over by an administrative receiver, usually known simply as the receiver.