Companies in Receivership
Other

Garry

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1 Posts

5 months ago

We have a rental property which we are considering selling, however, there is a complication.

The property was purchased through an investment company which has since gone bust and is now in receivership (since December 2009). As part of the deal, there is a second charge on the property for a sum of money to be paid to the company, if sold or re-mortgaged. This would, most likely, wipe out all, or most, of any profit.

Does anyone know if there is a time limit on how long a company can be kept in receivership, before it has to be wound up?

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Companies in ReceivershipOther

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Companies in Receivership
Other