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.