Administrative Receivership

Administrative Receivership definition

/ədˈmɪnɪstrətɪv/ /rɪˈsiːvəʃɪp/

What does Administrative Receivership mean?

When a company breaches the terms of its borrowing from a creditor with a Qualifying Floating charge, or in other circumstances set out in the charge, in limited circumstances that creditor may appoint an administrative receiver to recover the money it is owed.

Variances

Insolvency Practitioner

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