Fixed Charge Receiverships
Appointing a Fixed Charge Receiver (FCR) is a remedy of a secured creditor
A Fixed Charge Receiver (FCR) may be appointed over specific assets by secured creditors with a fixed charge. This is a relatively cost-effective way of securing recovery in certain distressed situations and the ability of a lender to separate the fixed assets from any floating charge elements of the security is often a crucial aspect of the Appointment.
The FCR will consider an appropriate strategy, taking into account the status and occupancy of the property, as well as any issues that may be detrimental to its value and
Assets subject to a Fixed Charge Receivership can often be complex and involve underlying issues and it is important to appoint someone who is suitably experienced and who will take responsibility for resolving difficult issues whilst realising the maximum potential value of the secured asset.
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Restructuring and insolvency
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Creditor Services is an integral part of the Business Recovery & Insolvency department. Building on the foundations of the technical knowledge and experience within the team, our Creditor Services division provides advice and support to individuals, company directors and professional advisors where they or their clients are impacted by the insolvency of another party eg. a customer, supplier, employee etc.