THE ASSOCIATION OF PROPERTY & FIXED CHARGE RECEIVERS

Key Aims

The fostering of relationships between :-
• Property & fixed Charge Receivers, and the lenders who appoint them.
• NARA Members and the Providers of Registered Property Receivers Practicing Licences.

And:

To provide Education and Training to maintain the highest standards in the Profession.
 
The Mechanism of Fixed-Charge Receivership

Fixed-Charge Receivership is a relatively cost-effective way of securing recovery in certain distressed situations. It is a simpler vehicle to run than administration with less formal requirements for reporting and, depending upon the nature of the charge or status of the borrower, allows the lender to secure speedy control of the asset.

The ability of the lender to separate the fixed from any floating elements of the security is a crucial aspect of the Appointment.