An administrative receiver is a receiver appointed by the holder of a floating charge covering the whole, or substantially all, of a company's assets. The administrative receiver has the power to sell the secured assets or to manage the company's business. This term is crucial in insolvency law and finance.
An in-depth explanation of the concept of charge in both legal and financial contexts, including its types, importance, applications, key events, and historical context.
Crystallization refers to the process in which a floating charge is converted into a fixed charge, affecting secured creditors' rights in insolvency scenarios.
