Receivership

In general, a receivership is a process that is put in place to protect a company. A period of receivership may be thought of as a protective umbrella for a troubled company.

Receivership

Receivership forces a company which is in debt to obey the original loan agreement contract between it and its lender.

The lender will appoint a receiver to collect funds on their behalf. However, if there’s no money available, they may choose to release a business’s assets to repay debts that are owed.

Although it is mainly banks that have used this method to recover debt owed to them, receivership can also be used as a last resort procedure for other lenders.

Avoid Going into Receivership

We understand how the threat of receivership can take your company out of your control during what will already be a very stressful situation.

At Gibson & Associates, we can help you avoid going into receivership. Our highly experienced team of insolvency solicitors will explore alternative solutions that will better protect your company’s assets.

We’ll work to help your business secure a debt repayment method that focuses on the success of your business – as well as the repayment of your debt.

Don’t delay, please call us now on +353 (0)1 264 5555 or complete our Online Enquiry and we’ll be delighted to help you.

Business Debt & Finance includes the following:

Asset Protection

Accumulating assets in business takes a huge amount of time and effort. That’s why it makes sense to strategically protect them, keeping them safe from any turbulent times ahead.

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Insolvency

If your company is facing insolvency or bankruptcy, we are aware of just how much is at stake. That’s why our highly experienced insolvency solicitors will go above and beyond to get you the best possible result for your company.

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Examinership

If your company is in financial trouble, Examinership can give you the breathing space you need to get your business back on track without the fear of being made insolvent by your lenders.

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Receivership

Receivership forces a company which is in debt to obey the original loan agreement contract between it and its lender.

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Liquidation

Liquidation allows you to wind up your business, repay any debt and keep any leftover assets.

Whether you’re facing voluntary or involuntary liquidation, our experienced insolvency and bankruptcy solicitors will help you get the best result for you and your business.

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Attorney Paymaster

At Gibson & Associates, we offer a high quality commercial escrow service that makes transferring funds between parties straightforward, time efficient and legally sound. The service, also known as an attorney paymaster service, gives you the peace of mind you need.

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Business Sale, Acquisition & Mergers

If you’re buying, selling or merging a business, Gibson & Associates can help make sure your transaction goes through seamlessly.

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Our highly experienced solicitors will do the hard work for you, leaving you to get on with running your business. We’ll keep you in the loop throughout the process so you remain informed.

 

Get in touch with our friendly and professional team today, and we’ll get back to you in 3 hours or less.

Our team is here to help you no matter where in Ireland you’re based.

With offices in Dublin and Letterkenny, and associates around the country, we’re perfectly positioned to help you whether you live in Dublin, Galway, Cork or Donegal or anywhere in between.

Daireann Gibson

Amanda Walsh

Sinead Shaw

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