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Our team are experience in acting as Administrative Receivers on behalf of lenders, owners, directors, creditors or investors.
The granting of the floating charge provides the lender with the ability to appoint an Administrative Receiver whose principle duty is to secure repayment of the outstanding loan.
The principle role of the Administrative Receiver is to secure the best outcome for his appointer whilst retaining a duty of care to the remaining creditors of the company. The Administrative Receiver has certain powers contained within the Insolvency Act 1986, which from experience are often expanded within the terms of the debenture.
Administrative receivership is not available where secured charges were registered post 15th September 2003.
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