I think I read somewhere that a Receiver is appointed to return some value to the secured creditors only but that a liquidator will try and return value to all creditors. If this is true I suspect receivership is the worst of our options here. Maybe someone else can advise but it seems we would be better of if the VA stepped in and forced a liquidation.
Just thinking out loud.
I think I read somewhere that a Receiver is appointed to return...
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