Appointment of receivers/administrators
General
- The appointment of receivers or receivers-administrators is the procedure where a person is appointed as a receiver or receiver-administrator of the company’s property either by Court order or by a creditor with a floating charge over it. Normally, the same person is appointed both as receiver and as administrator.
- The receiver undertakes the assets of the company for which they have been appointed and sells them to satisfy specific debts. The administrator undertakes the administration of the company in order to sell it as an active economic unit.
Requirements
- No legal person as well as no bankrupt individual who has not recovered may be appointed as a receiver/administrator of the company’s property.
- Any licensed insolvency practitioner may be appointed as a receiver/ administrator of the company’s property on behalf of holders of debt securities, either by the Court or by a creditor, based on the powers included in any document.
Applications and Forms
Application/Form | Category | Price | Electronic Submission | |
---|---|---|---|---|
τεστ | Forms regarding the appointment of receiver/manager | €20 | - | More |