What Is The Insolvency Act 1986?
Hudson Weir
OCTOBER 10, 2023
It can allow a company to continue trading, improve cash flow, ease creditor pressure and avoid liquidation. During receivership, a creditor – such as a bank or another financial institution – appoints a person to ‘receive’ the company’s assets, liquidate them and recoup the debt. Here is our full guide to receivership.
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