COMMUNICATION

Our firm pays great attention to crystal clear communication with all our clients.

This is the foundation for the type of services we deliver and the clientele we want to work with.

Contact us;

Galway Office

Address:
The Halls
Quay Street
Galway City
Tel:
091 568 580
Fax:
091 563 442
Email:
info@petercoyne.ie

Clifden Office

Address:
1 Main Street
Clifden
County Galway
Tel:
095 211 41

Receivership

Where a company has granted security over its assets to a debenture holder but is unable to meet repayments due to that debenture holder, the lender may be entitled to appoint an Receiver to safeguard the company's assets in lieu of repayments. The Receiver is entitled to sell these assets to pay any monies due to the debenture holder.

The Receiver owes his duty to the debenture holder, not the company or its creditors. The Receiver will sell any part of the business that can be sold as a going concern. The employees will usually transfer to the new owners of the business. Depending on the offers received the Receiver may sell the company to existing managers or shareholders.

However, it may not be possible to rescue even a part of the business.

If you need to discuss your situation we have more than 25 years experience in dealing with solvent & insolvent companies and would be happy to meet for a free consultation.