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Originally Posted by Rob4  On another forum someone said that if they were in Administration they could be sold on as a going concern but once they are in Receivership it's about selling off the assets to pay the creditors. I don't know if this is true or not but if it is it sounds terminal, which is a pity. I think it probably does have something to do with the death of the owner. |
It all depends on the cash flow. If the directors of network can get enough of it to start afresh then there's a possibility.
I think you may be confusing receivership with liquidation, Rob.
Receivership, the owner of a company maintains a limited role in the debt restructuring process. Liquidation completely eliminates the roles of the owner and directors and operates without their input.