Corporate Recovery: The many nuances of receivership
While the appointment of a receiver is never good news, it can actually lead to businesses and jobs being saved, writes Dave Boland.
Appointing a receiver used to signal the end for a business. It is, of course, still not good news, as– the appointment of a receiver means that a company has been unable to meet its obligations and receivership is still used as a last-resort type of recourse from a secured lender.
However, there are different types of receivers, and in some cases the receiver can actually save a business and its jobs, at least...
Subscribe from just €1 for the first month!
All Digital Access + eReader
Unlimited Access for 1 Month
*New subscribers only
€149 For the 1st Year
Unlimited Access for 1 Year
90 Day Pass
Unlimited Access for 2 Years
Get a Business Account for you and your team