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You can only appoint an administrative
receiver if you hold a properly registered debenture document
that includes the power of appointment and that document was
created prior to the 15th September 2003.
There are, however, other types of receiver.
One example is the court appointed receiver.
The court can appoint a receiver when there is a deadlock
between parties as a way of breaking that deadlock.
Another example is the Law of Property
Act (LPA) receiver. Under the LPA such a receiver can be appointed
if the mortgage document provides for such a power.
If you do not hold a debenture and cannot
appoint a receiver to a company, Purnells can point you to
a range of other options which may result in the recovery
of any money owed to you. For advice, please contact us.
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