Contact Dodd Rescue...

*

*


Appointment venue



Wrong. Any sale back to company directors must be for full market value. Administrators are under a strict duty to ensure that the assets are marketed to outsiders before any final sale back to directors are agreed. And remember - you must have on-going funding available to buy back the assets and continue to trade, so directors need to be 100% certain that they can pay for the assets before entering into any agreement to buy back. Administration is not as simple as you may have been lead

Receivership

Tax

Remember that formal insolvency processes are complicated, and the explanations below are only the tip of the insolvency iceberg!

There can be a number of different types of receivership in relation to companies.

The main issue is that any “receiver” is appointed by a secured lender (normally a bank) who holds an appropriate charge over the company or its assets.

When a receiver is appointed, a company can continue to trade, but ultimately it is the appointor of the receiver who controls the procedure.

To find out more about how we can help please call either Carol, Jackie or Jeanette on 01768 864466.