Agent for the Mortgagee in possession is similar to the appointment of a Receiver. An appointment is made by a financier pursuant to powers contained in a contract between a company and a financier, usually taking the form of a registered security interest such as a mortgage or charge.
The company has usually defaulted on the finance arrangement and the financier will be seeking to recover money lent to the company by appointing an individual to secure, realise and distribute the funds to the secured creditor.
If you wish to contact Shaw Gidley to make an enquiry regarding Agent of the Mortgagee, please use the enquiry form on the right and one of our Corporate Insolvency Services Team will respond to you in the near future.
With Offices in Newcastle, Central Coast and Port Macquarie, Shaw Gidley is your bankruptcy, liquidation and insolvency specialists .