There is no set time period for receiverships. They can take anywhere from several weeks (best-case scenario) to several months (most common scenario) to several years (worst-case scenario).

Receiverships usually end when the receiver has:

• Sold enough charged assets (or collateral) to repay the secured creditor
• Paid out the funds they’ve collected

At that point, the directors regain full control of the company and its assets (unless the company is in voluntary administration, a deed of company arrangement, provisional liquidation or liquidation).