Friday May 29, 2020

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.

15th September, 2012
Anne O'Dwyer, director, restructuring and insolvency and Declan Taite, partner, restructuring and insolvency, RSM Farrell Grant Sparks. Photo: Maura Hickey

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...

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