Fixed Charge Receiver

A Fixed Charge Receiver is a financial professional or entity appointed by a lender to oversee and manage specific assets pledged as security for a loan. If the borrower defaults, the receiver steps in to protect the lender's interests by collecting income generated from those assets (like properties or equipment) and ensuring their value is maintained. Essentially, the Fixed Charge Receiver acts as a safeguard, helping to manage and realize the value of the secured assets, ensuring that the lender can recover what they are owed.