Do you need help dealing with a receiver?
Is a receiver about to take over your business? Are you struggling to deal with pre-insolvency issues? Do you need help supporting your company and shareholders? Apply today and National Funding Group will settle tomorrow – we can lend you up to $5 million in just 24 hours!
- When it comes to insolvency issues having a receiver take over can be difficult
- Do you need help dealing with the receiver?
- National Funding Group finds the solutions that help protect your interests
- If a receiver is appointed, don’t panic – we can help find the solution.
Often businesses find themselves struggling to deal with receivers during the pre-insolvency stage, and for some having a receiver take over what you’ve tried so hard to build can be difficult and stressful. National Funding Group is qualified to help you through this difficult time.
If a receiver has been appointed to your company we can start working on your behalf. Our plan is to remove the receiver as soon as possible then do an account and company clean up allowing your business to move forward. Our staff is dedicated and experienced and will protect your interests while working quickly to achieve a fast turnaround.
National Funding Group is focused on reaching deals that remove the receiver; we find it the best option when a business has reached the stage where a receiver is appointed. Remember the receiver is not there to help re-negotiate a deal with you, the receiver is there to get their clients money back and to sell any assets available to help repay your debt.
Our expert accounting team will show the receiver that your business is able to continue trading; our strategies will get the right outcome for you and your business.
The receiver’s duty is to collect and sell assets to repay the debt owed to satisfy the secured creditor and if need be to report to ASIC any irregularities or potential offences they have found.
National Funding Group works quickly to find a way for you to repay your debt to the secured creditor without having your companies assets stripped; we will try to negotiate to keep any debtors intact. We will show your receiver that your business can continue. With the receiver gone and your creditor paid National Funding Group works on ways to manage the situation by dealing directly with any other creditors and through administration.
When the receiver has sold enough assets to pay the secured creditors the receivership is over, they have completed their tasks and will usually just resign. Full control of any remaining assets and the company returns to the directors – unless an external administrator has been appointed. If a receiver does turn up at your business – don’t panic – NFG is here to help.
Recently settled scenarios relating to insolvency
$1,500,000.00 Admin Pay Out:
Our client came to National Funding Group for an urgent loan to pay out an administrator. They had 2 properties both commercial and plant and equipment worth $1.3m. With NFG’s assistance the client was able to come to terms with the first mortgagee and liquidator on a payout figure. Client then transferred ownership of the securities into a new entity, giving themselves time sell down assets at market rate.
$2,300,000.00 Commercial Purchase:
Our client came to National Funding Group to settle two commercial properties they had purchased at a “mortgagee in possession sale” and needed to settle the loan urgently. The loan was settled on the two properties the client was purchasing taking into consideration the DA approval and the clients 3 other unencumbered commercial properties.
