Effect of appointment of administrative receiver over directors, company and assets
Produced in partnership with John Hughes of Shakespeare Martineau LLP
Effect of appointment of administrative receiver over directors, company and assets

The following Restructuring & Insolvency guidance note Produced in partnership with John Hughes of Shakespeare Martineau LLP provides comprehensive and up to date legal information covering:

  • Effect of appointment of administrative receiver over directors, company and assets

The appointment of an administrative receiver does not create an automatic statutory moratorium. As such, creditors are not precluded from commencing or continuing legal action against the company over which an administrative receiver has been appointed. .

The appointment of an administrative receiver will cause the floating charge pursuant to which the administrative receiver was appointed to crystallise