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Receivership
Receivership is a formal process in which a receiver is appointed, usually by a secured creditor and sometimes by a court, to take control of specific company assets or a part of the business. The receiver's focus is generally on recovering the debt owed to the appointing secured creditor. It is a distinct process from voluntary administration and liquidation, which deal with the company as a whole.
WHO IS THIS FOR?
Secured creditors, lenders, the lawyers and advisers who work with them, and directors who need to understand what a receiver's appointment means for their company.
IN DETAIL
Receivership is a process where an external party (receiver) is appointed to manage the company’s assets to repay debts owed to secured creditors.
HOW TTJ CAN HELP
Where appropriate, TTJ acts as receiver, takes control of the secured assets or operations within the appointment, manages or realises them in the interests of the appointing creditor, and reports as required. The role is carried out in line with both the legal obligations and the commercial realities of the security.
WHEN TO SEEK HELP
Get advice if secured debt is in default, if enforcement is being considered, if secured assets need to be recovered, or if directors need to understand how a receivership would sit alongside the rest of the company's affairs.
OUR PROCESS
A receivership is shaped by the security and the appointment terms, but the broad sequence is consistent. The steps below show how TTJ generally approaches a secured creditor appointment.
Important Considerations
Receivership must not be confused with voluntary administration or liquidation, as the powers and focus differ. Statements about a receiver's powers, secured creditor rights and asset realisation depend on the appointment terms and require review.
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AUSTRALIA
Thyge Trafford-Jones
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Principal — ASIC Registered Liquidator (No. 458321) · AFSA Registered Trustee (No. 1582)
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Member, Australian Restructuring Insolvency & Turnaround Association (ARITA)
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Member, CPA Australia
TTJ Advisory is a registered business name of Restructure My Small Business Pty Ltd (ACN 670 511 476).
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© 2026 TTJ Advisory.
TTJ Advisory acknowledges the Traditional Custodians of the land on which we operate, live and gather as employees, and recognise their continuing connection to land, water and community. We pay respect to Elders past, present and emerging.
