• What is a receiver and manager?

    A receiver and manager is an independent, qualified outsider appointed over a company during a receivership to perform two tasks:

    1. Take control of some or all of the company’s assets (also known as the security interest)
    2. Take control of the company itself

    A receiver and manager is different from a receiver, who performs only the first of those two tasks.

    Receivers and managers are generally by secured creditors (although in special circumstances they’re appointed by courts).

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