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@Retiredyoung. Sure, but the 'Wind up Operations'...

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NZAinAsia

530 Posts.

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13/04/22

13:32

Post #: 60830834
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Originally posted by retiredyoung: ↑

The difference between a receiver and a liquidator, is that a receiver’s main duty of care is to a secured creditor, which is usually a bank, whereas a liquidator is concerned with all of the affairs of a company and all of its creditors.

Receivers seek to realize and secure assets and manage affairs to pay debts. For businesses, receivers seek to maximize profits and asset value, and either terminate operations or sell all or part of the company. When a receiver is appointed, a company is said to be "in receivership."

https://www.investopedia.com/terms/r/receiver.asp#:~:text=Receivers%20seek%20to%20realize%20and,to%20be%20%22in%20receivership.%22

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@Retiredyoung. Sure, but the 'Wind up Operations' part.

There has been no talk of winding up operations just yet.

BUD Price at posting: 0.6¢ Sentiment: None Disclosure: Held
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