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    Irish Liquidations are expert receivers and specialise in distressed property receiverships


    In most cases a receiver is appointed by a debenture holder on the back of a debenture document which has been registered against a company’s assets.

    The function of a receiver is to take possession of said assets subject to the debenture holder’s charge. The receiver will realise those assets and pay off the debenture holder.

    A charge on a company’s assets may be categorised as "fixed" (a mortgage on a freehold property) or as a "floating" charge (on stock). When relying on a floating charge a debenture holder may only receive monies after the receiver’s fees have been paid and preferential creditors have been discharged. Often a floating charge has little value to a debenture holder when preferential claims are considered.

    When appointed as receiver by a debenture holder, Irish Liquidations will take possession of the charged assets, realise those assets and discharge the debt owing to the debenture holder.

    In some instances Irish Liquidations will endeavour to keep the business running with a view to maximising the value of the company’s assets, via the sale of the business (or part thereof) as a going concern.

     

    Property RecieversIrish Liquidations can provide a flat fee receivership service.  We undertake a large number of receiverships a year and specialise in residential investment property.