Company Receivership

Receivership has been reducing in popularity since the introduction of the revised Company Administration process by the Enterprise Act.

Statistics now show Company Administration as the principal “weapon” of choice for company rescue and restructuring.

It should be remembered that Receivership is a process that is controlled by the lender not the company Directors. There are circumstances where lenders prefer to use Receivership over Company Administration.

Along with the better known Administrative Receivership process the LPA or Law of Property Act Receiver is also used by lenders to gain control of and force the sale of property subject to the lenders charge.