RECEIVERSHIP
A WAY FOR SECURED CREDITORS TO RECOVER OUTSTANDING DEBT
When a company is unable to pay its debts, secured lenders can choose to appoint a receiver.
Acting as the receiver — Wexted will assume control of the debtors assets, debts and actions, working with businesses, directors and stakeholders to facilitate repayments.
Our primary focus is to ensure secured debts are repaid and/or agreed on.
However, from experience, we know the most timely solutions are achieved by protecting secured creditor interests, whilst managing all stakeholders with respect and clarity.
RECEIVERSHIP STRATEGIES
Wexted employs several strategies to maximise value and outcomes for clients including:
- Evaluating loans and moneys owed against cashflow to correctly ascertain repayment possibilities
- Reviewing assets and securities
- Immediate business management and asset realisation solutions
- Repayment conditions that are fair for all parties
Under Receivership a debtor still has the opportunity to to reach an agreement with creditors while continuing to trade as normal.
Insolvency
HIGHFIELDS DEVELOPMENT PTY LTD
WE WERE APPOINTED RECEIVERS & MANAGERS OF HIGHFIELDS DEVELOPMENT PTY LIMITED ON BEHALF OF THE SECURED CREDITOR.
Insolvency
JB FINANCIAL GROUP PTY LIMITED
RECEIVERS AND MANAGERS OF A BRISBANE INVESTMENT HOLDING COMPANY, WE SUCCESSFULLY REFINANCED THE $7.7M SECURED DEBT WITHIN 36 DAYS. RETAINED BY THE INCOMING FINANCIER TO STRUCTURE AN APPROVED DOCA WITHIN 21 DAYS.
Insolvency
LM INVESTMENT MANAGEMENT
LM WAS THE RESPONSIBLE ENTITY FOR A SERIES OF SIGNIFICANT MORTGAGE AND INVESTMENT FUNDS. FOLLOWING A SERIES OF UNDERPERFORMING PROPERTY INVESTMENTS.
Insolvency
PIC ROYAL INVESTMENTS - Albion Hotel, Parramatta
WE WERE APPOINTED RECEIVERS AND MANAGERS TO PROPERTY, TRADING AS THE ALBION HOTEL PARAMATTA AND FACILITATED A REFINANCE.
Insolvency
STYLERUNNER PTY LIMITED
WE WERE APPOINTED RECEIVERS AND MANAGERS OF THE COMPANY IN OCTOBER 2019. THE COMPANY OPERATED AN ONLINE ACTIVEWEAR RETAIL BUSINESS, BOTH RESELLER AND PRIVATE LABEL.
Insolvency
TOP RYDE CITY SHOPPING CENTRE
A LARGE REGIONAL SHOPPING CENTRE COMPRISING 6 MAJOR TENANTS, 20 MINI MAJOR TENANTS AND 300 SPECIALITY STORES BASED IN TOP RYDE, REDEVELOPED AND OPENED IN 2010.
Insolvency
WESTERN CONSTRUCTION & DEVELOPMENT PTY LTD
WE WERE APPOINTED RECEIVERS & MANAGERS OF WESTERN CONSTRUCTION & DEVELOPMENT PTY LTD, A COMPANY WHICH OWNED A PROPERTY DEVELOPMENT IN VICTORIA.
Insolvent Liquidation
PROJECT ALICE
WE PROVIDED INDEPENDENT EXPERT WORK ON A GOLD MINING COMPANY THAT ENTERED INTO LIQUIDATION SEVERAL YEARS AGO.
Special Situations
PROJECT MONTAGUE
OUR CLIENT WAS THE RESPONSIBLE ENTITY FOR A REAL ESTATE INVESTMENT TRUST; THE TRUST WAS SUBJECT TO A WINDING UP APPLICATION BY ONE OF THE MAJOR SHAREHOLDERS.
Receivership
PUB BOOM POURS $127M BONANZA INTO PUB INVEST POCKETS AS CROWN HOTEL IN SURRY HILLS TRADES
13TH MAR 2024
THE AUSTRALIAN