RECEIVERSHIP

A WAY FOR SECURED CREDITORS TO RECOVER OUTSTANDING DEBT

 

When a company is unable to pay its debts, secured lenders can choose to appoint a receiver.

 

Acting as the receiver — Wexted will assume control of the debtors assets, debts and actions, working with businesses, directors and stakeholders to facilitate repayments.

Our primary focus is to ensure secured debts are repaid and/or agreed on. 

 

However, from experience, we know the most timely solutions are achieved by protecting secured creditor interests, whilst managing all stakeholders with respect and clarity.

 

RECEIVERSHIP STRATEGIES

 

Wexted employs several strategies to maximise value and outcomes for clients including: 

 

  • Evaluating loans and moneys owed against cashflow to correctly ascertain repayment possibilities 
  • Reviewing assets and securities 
  • Immediate business management and asset realisation solutions 
  • Repayment conditions that are fair for all parties

Under Receivership a debtor still has the opportunity to to reach an agreement with creditors while continuing to trade as normal.

OUR EXPERIENCE

Wexted has a proven track record of recovering debts owed.

HIGHFIELDS DEVELOPMENT PTY LTD

Insolvency

HIGHFIELDS DEVELOPMENT PTY LTD

WE WERE APPOINTED RECEIVERS & MANAGERS OF HIGHFIELDS DEVELOPMENT PTY LIMITED ON BEHALF OF THE SECURED CREDITOR.

JB FINANCIAL GROUP PTY LIMITED

Insolvency

JB FINANCIAL GROUP PTY LIMITED

RECEIVERS AND MANAGERS OF A BRISBANE INVESTMENT HOLDING COMPANY, WE SUCCESSFULLY REFINANCED THE $7.7M SECURED DEBT WITHIN 36 DAYS. RETAINED BY THE INCOMING FINANCIER TO STRUCTURE AN APPROVED DOCA WITHIN 21 DAYS.

LM INVESTMENT MANAGEMENT

Insolvency

LM INVESTMENT MANAGEMENT

LM WAS THE RESPONSIBLE ENTITY FOR A SERIES OF SIGNIFICANT MORTGAGE AND INVESTMENT FUNDS. FOLLOWING A SERIES OF UNDERPERFORMING PROPERTY INVESTMENTS.

PIC ROYAL INVESTMENTS - Albion Hotel, Parramatta

Insolvency

PIC ROYAL INVESTMENTS - Albion Hotel, Parramatta

WE WERE APPOINTED RECEIVERS AND MANAGERS TO PROPERTY, TRADING AS THE ALBION HOTEL PARAMATTA AND FACILITATED A REFINANCE.

STYLERUNNER PTY LIMITED

Insolvency

STYLERUNNER PTY LIMITED

WE WERE APPOINTED RECEIVERS AND MANAGERS OF THE COMPANY IN OCTOBER 2019. THE COMPANY OPERATED AN ONLINE ACTIVEWEAR RETAIL BUSINESS, BOTH RESELLER AND PRIVATE LABEL.

TOP RYDE CITY SHOPPING CENTRE

Insolvency

TOP RYDE CITY SHOPPING CENTRE

A LARGE REGIONAL SHOPPING CENTRE COMPRISING 6 MAJOR TENANTS, 20 MINI MAJOR TENANTS AND 300 SPECIALITY STORES BASED IN TOP RYDE, REDEVELOPED AND OPENED IN 2010.

WESTERN CONSTRUCTION & DEVELOPMENT PTY LTD

Insolvency

WESTERN CONSTRUCTION & DEVELOPMENT PTY LTD

WE WERE APPOINTED RECEIVERS & MANAGERS OF WESTERN CONSTRUCTION & DEVELOPMENT PTY LTD, A COMPANY WHICH OWNED A PROPERTY DEVELOPMENT IN VICTORIA.

PROJECT ALICE

Insolvent Liquidation

PROJECT ALICE

WE PROVIDED INDEPENDENT EXPERT WORK ON A GOLD MINING COMPANY THAT ENTERED INTO LIQUIDATION SEVERAL YEARS AGO.

PROJECT MONTAGUE

Special Situations

PROJECT MONTAGUE

OUR CLIENT WAS THE RESPONSIBLE ENTITY FOR A REAL ESTATE INVESTMENT TRUST; THE TRUST WAS SUBJECT TO A WINDING UP APPLICATION BY ONE OF THE MAJOR SHAREHOLDERS.

NEWS & INSIGHTS

The latest news and developments regarding receivership, insolvency and restructuring.