Receivers taking on bigger roles

It is a measure of the market in 2009 that receivers have had to become more than agents of corporate disposal - they also have to be proxy managers of ailing businesses.

21st February, 2009

It is a measure of the market in 2009 that receivers have had to become more than agents of corporate disposal - they also have to be proxy managers of ailing businesses.

This is because of the banks’ unwillingness to see their money disappear as a result of the discrepancy between the value of the loan and the value of the business which is being broken up and sold. But whatever the reasons, the upshot is...

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