{"id":169498,"date":"2024-08-29T10:53:57","date_gmt":"2024-08-29T09:53:57","guid":{"rendered":"https:\/\/opusllp.com\/restructuring-insolvency\/?page_id=169498"},"modified":"2024-11-28T09:11:15","modified_gmt":"2024-11-28T09:11:15","slug":"fixed-charge-receivership","status":"publish","type":"page","link":"https:\/\/opusllp.com\/restructuring-insolvency\/fixed-charge-receivership\/","title":{"rendered":"Fixed Charge Receivership"},"content":{"rendered":"\t\t
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Fixed Charge Receivership<\/h1>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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\n\t\t\t\t\t\t\t\t\tIf a lender has a fixed charge e.g. mortgage over a property or other assets, it will usually have the power to appoint a Receiver to take control of the asset and sell it on behalf of the lender to repay its debt.<\/big>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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What is a Fixed Charge Receivership?<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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When a lender has a fixed charge such as a mortgage over a property or other assets like intellectual property or the goodwill of a business, it will usually have the power to appoint a Receiver to take control of the asset and sell it on behalf of the lender to repay its debt. This type of receiver can only deal with the assets charged but often also has extensive powers to run the business located at the property and divert the business income to the lender. A fixed charge Receiver is also sometimes described as an LPA Receiver where they have been appointed under the Law of Property Act 1925.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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When can a breach of a loan agreement occur?<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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This type of receivership is not a formal insolvency procedure and should not be confused with Company Administrative Receivership. While Receivers are often appointed where the borrower has failed to repay a loan, this can also happen when there have been other breaches of the loan agreement, for example, when a loan-to-value or an interest cover covenant can no longer be met by the borrower.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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Advice on Fixed Charge Receiverships<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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For more information on Fixed Charge Receiverships, we offer an initial free consultation to review the situation and make recommendations on the best way forward. If we think that Fixed Charge Receiverships is the best route forward, our specialists can support the business at every step of the way through the process.<\/p>

Contact our Head Office on\u00a0+44 (0) 20 3326 6454<\/a>\u00a0to arrange a no obligation and confidential call with one of our Partners.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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Keeping informed<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Fixed Charge Receivership If a lender has a fixed charge e.g. mortgage over a property…<\/p>\n","protected":false},"author":1,"featured_media":170045,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"footnotes":""},"class_list":["post-169498","page","type-page","status-publish","has-post-thumbnail","hentry"],"acf":[],"yoast_head":"\nFixed Charge Receivership - Opus Restructuring & Insolvency<\/title>\n<meta name=\"description\" content=\"Fixed Charge Receiverships, we offer an initial free consultation to review the situation and make recommendations on the best way forward.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/opusllp.com\/restructuring-insolvency\/fixed-charge-receivership\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Fixed Charge Receivership - Opus Restructuring & Insolvency\" \/>\n<meta property=\"og:description\" content=\"Fixed Charge Receiverships, we offer an initial free consultation to review the situation and make recommendations on the best way forward.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/opusllp.com\/restructuring-insolvency\/fixed-charge-receivership\/\" \/>\n<meta property=\"og:site_name\" content=\"Opus Restructuring & Insolvency\" \/>\n<meta property=\"article:modified_time\" content=\"2024-11-28T09:11:15+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/opusllp.com\/restructuring-insolvency\/wp-content\/uploads\/sites\/4\/2024\/09\/iStock-869998922.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1254\" \/>\n\t<meta property=\"og:image:height\" content=\"836\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/opusllp.com\/restructuring-insolvency\/fixed-charge-receivership\/\",\"url\":\"https:\/\/opusllp.com\/restructuring-insolvency\/fixed-charge-receivership\/\",\"name\":\"Fixed Charge Receivership - Opus Restructuring & Insolvency\",\"isPartOf\":{\"@id\":\"https:\/\/opusllp.com\/restructuring-insolvency\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/opusllp.com\/restructuring-insolvency\/fixed-charge-receivership\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/opusllp.com\/restructuring-insolvency\/fixed-charge-receivership\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/opusllp.com\/restructuring-insolvency\/wp-content\/uploads\/sites\/4\/2024\/09\/iStock-869998922.jpg\",\"datePublished\":\"2024-08-29T09:53:57+00:00\",\"dateModified\":\"2024-11-28T09:11:15+00:00\",\"description\":\"Fixed Charge Receiverships, we offer an initial free consultation to review the situation and make recommendations on the best way forward.\",\"breadcrumb\":{\"@id\":\"https:\/\/opusllp.com\/restructuring-insolvency\/fixed-charge-receivership\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/opusllp.com\/restructuring-insolvency\/fixed-charge-receivership\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\/\/opusllp.com\/restructuring-insolvency\/fixed-charge-receivership\/#primaryimage\",\"url\":\"https:\/\/opusllp.com\/restructuring-insolvency\/wp-content\/uploads\/sites\/4\/2024\/09\/iStock-869998922.jpg\",\"contentUrl\":\"https:\/\/opusllp.com\/restructuring-insolvency\/wp-content\/uploads\/sites\/4\/2024\/09\/iStock-869998922.jpg\",\"width\":1254,\"height\":836,\"caption\":\"Close up of business people shaking hands at meeting or negotiation in the office. 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