How many portfolios can 1 Receiver/Liquidator handle?

Slideshowbob

Take the 1 guy involved in these cases:

http://www.highlandradio.com/2010/11/20/receiver-handling-hospital-contractor-announced-assets-sale/

http://www.longfordleader.ie/news/business/fgs_appointed_as_liquidator_to_carroll_s_firms_1_1955433


http://blog.emap.com/shop/2011/03/01/birthdays-ireland-to-be-put-into-liquidation-by-clinton-cards/

Is giving so much work to 1 person capable of causing the same mistakes as were caused by our large prolific developers having huge and what could be argued unmamageable portfolios!??!

Are the receivers to become the new developers?

cson

Receiverships are highly regulated affairs. It's boom time for them at the minute; its the only gig in town - essentially NAMA and insolvency proceedings are keeping the accounting and legal sector going at the minute. It wouldn't be uncommon to find one Accountant getting a number of jobs - its easier for the appointee to keep working with the same guy.

So no, receivers are not in any way like develops and tbqh its an absurd correlation.

Btw; FGS are one of the industry leaders in insolvency practice which makes your liking them to developers even more laughable.

ToxicPaddy

They say to "make hay while the sun shines" and these guys are doing just that.
If anyone can make a few quid in this climate, then I tip my hat to them and say well done..