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Receivers & Managers

Gold Coast Insolvency

A company goes into receivership when an independent and suitably qualified person (the receiver) is appointed by a secured creditor, or in special circumstances by the Court, to take control of some or all of the company’s assets.

The charge, or security, held by the secured creditor under which the appointment of a receiver is made may comprise:

  • a fixed charge over particular assets of the company (e.g. land, plant and equipment), and/or
  • a floating charge over assets that are used and disposed of in the course of normal trading operations (e.g. debtors, cash and stock)

The receiver derives their powers from the security document through which they are appointed and the Corporations Act 2001. If receivers have, under the terms of their appointment, the power to manage the company’s affairs, they are known as receivers and managers.

It is possible for a company in receivership to also be in provisional liquidation, liquidation, voluntary administration or subject to a deed of company arrangement.

Our team of experienced insolvency lawyers can assist you with all aspects of corporate insolvency.

To find out more about what we can offer, visit our areas of law pages or contact our insolvency solicitors for a consultation.

Insolvency Services

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Marino Law

With more than 60 years experience in all aspects of law, the team at Marino Law believe in putting their clients’ needs first and anticipating the unexpected.

Whether you’re after legal services and advice for business or personal matters, Marino Law will work with you to ensure the process is as seamless as possible.

Liability limited by a scheme approved under Professional Standards Legislation.
 

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Latest News

SMALL BUSINESS INSOLVENCY REFORMS

DEVELOPMENTS IN CASUAL EMPLOYMENT LAW AND THE INTRODUCTION OF THE FAIR WORK AMENDMENT BILL 2020

ORDERS FOR SUPERVISED TIME WITH CHILDREN

Australian Test Case: COVID-19 Business Interruption Insurance 

Contact Us

  • Suite 6, Level 1, 2481 Gold Coast Highway, Mermaid Beach, QLD 4218
  • PO Box 256, Mermaid Beach QLD 4218
  • (07) 5526 0157
  • (07) 5526 5441
  • info@marinolaw.com.au

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