Fixed Charge Receivers

A Fixed Charge Receiver is a professional, often appointed by banks or lenders, to take control of specific assets when a borrower defaults on their obligations. This role typically occurs in secured lending, where the borrower has pledged certain assets as collateral. The receiver’s job is to manage and sell these assets to recover the unpaid debt. Unlike general receivers, who manage a company's entire operations, fixed charge receivers focus on fixed assets, like property or equipment, ensuring that the lender’s interests are protected and they can obtain the maximum value from the asset.