Karasco,
A Company does not need to be insolvent to have a receiver appointment. A Receiver is appointed by a secured creditor to recover their security. For some reason like breach of loan covenants, maybe one is valuation of a property.
A receiver could just be appointed to an individual property, not the whole company, though lots of banks have fixed and floating charges on everything.
Of course you can get into arguements as to method of valuation etc, so if a property has negative equity the bank might ask for some of the loan to be reduced, or they might let it ride, as long as the mortgage payment is made, hoping equity is restored sometime in the next 30 years.
Karasco,A Company does not need to be insolvent to have a...
-
- There are more pages in this discussion • 16 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add GMG (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$36.53 |
Change
0.010(0.03%) |
Mkt cap ! $69.83B | |||
| Open | High | Low | Value | Volume |
| $36.34 | $36.53 | $35.92 | $88.40M | 2.430M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2082 | $36.50 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $36.54 | 7573 | 1 |
View Market Depth
| Last trade - 16.10pm 13/11/2024 (20 minute delay) ? |
| GMG (ASX) Chart |