Fixed Charge Receiverships (including Law of Property Act Receiverships)

As the name suggests, the holder of a fixed charge security (such as a mortgage) can appoint a receiver when the terms of borrowing have been breached. This can be a swift and cost effective way for a lender to secure control over an asset. In the case of a Law of Property Act receiver, the insolvency practitioner need not be a qualified. However, the experience and knowledge of a licensed insolvency practitioner is often a key to maximising the return to the charge holder.