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Following the demise of administrative receiverships under the Enterprise Act 2002, Law of Property Act Receivership has become an increasingly popular method of enforcing security held by mortgagees. Yet few insolvency practitioners or other advisers instructed by lenders have the knowledge and experience necessary to use the powers conferred by the Law of Property Act to maximum effect.
In this timely and practical work, John Hughes analyses LPA receiverships in detail – from appointment to vacation of office – explaining their advantages and disadvantages by comparison with other insolvency procedures. He sets out the powers and obligations of officeholders, together with their potential liabilities – and how to avoid them.
This hands-on commentary will answer a myriad questions such as:-