LPA/Fixed Charge Receivership

Holders of mortgages or charges are able to appoint an LPA Receiver/Fixed Charge Receiver.

This is often over property or land but can be over assets such as plant & machinery, other assets such a ships or aircraft, books debts etc.  The purpose is to take control and possibly sell the mortgaged property/asset. LPA Receivership is generally simpler and subject to fewer formal reporting requirements than formal insolvency procedures. 

As the receivership is over a specific asset(s), it can operate alongside the mortgagee’s normal business dealings. LPA Receiverships are often used as a tool by mortgagors to collect rental income and/or negotiate with the mortgagee regarding repayment. 

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If you would like to speak with one of our advisers about LPA/Fixed Charge Receivership, please complete the short form below today:

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