Receivership Services in Canada
We Recover Your Secured Assets Quickly and Fairly
When a borrower defaults or a business can’t meet its obligations, it can put your investment — and your peace of mind — at risk.
We know how unsettling it is to watch the value of secured assets slip away, especially when you’ve worked hard to protect your financial position. That’s why our Licensed Insolvency Trustees (LITs) step in quickly, working alongside you to take control of assets, preserve their value, and recover as much as possible.
For over 55 years, Crowe MacKay and Company has helped lenders, secured creditors, and stakeholders manage some of the toughest financial situations with clarity and confidence. We combine deep technical expertise with a practical, people-first approach — so you get results and feel supported every step.
Receivership is a legal process where a receiver (us) is appointed to take control of a company’s assets, manage them, and sell them to repay creditors. This appointment can happen in two main ways:
Receivership is often necessary when:
As Licensed Insolvency Trustees, Crowe MacKay & Company can manage the process effectively — protecting creditor interests, preserving asset value, and ensuring a fair, transparent resolution.
Receivership isn’t just about spreadsheets and transactions — it’s about finding the smartest way to recover value.
Our team approaches each case with an entrepreneurial mindset, drawing on extensive experience in realizing all types of assets, including:
We excel at designing and executing fast, effective marketing and sales strategies that attract serious buyers and maximize value — even in challenging market conditions.
1. Privately Appointed Receivership
In this situation, the secured lender appoints a receiver to act on their behalf. The receiver’s role is to take possession of and sell the secured assets, then distribute the proceeds to repay the lender.
2. Court-Appointed Receivership
When appointed by the court, the receiver becomes an officer of the court, representing the interests of all creditors — not just the one who initiated the process. The court order outlines the receiver’s powers and responsibilities.
3. Key Duties of a Receiver
Regardless of the appointment type, receivers typically:
4. The Receiver-Manager Role
If the business still has operational value, a secured creditor may appoint a Receiver-Manager to temporarily continue running the company, preserving its value and potentially selling it as a going concern.
5. Receivership in Shareholder Disputes
Receivers can also assist in resolving shareholder disputes by:
An interim receiver is a temporary appointment under the Bankruptcy and Insolvency Act to safeguard a company’s assets before a full receivership or bankruptcy proceeding begins.
This option is used when there’s evidence that:
Key Duties of an Interim Receiver
Limitations: Interim receivers cannot manage or operate the debtor’s day-to-day business — their role is strictly protective.
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Our licensed experts are here to answer all your questions about receivership. Whether you're an individual or a business, we’ll help you understand your options and guide you through every step of the process with care and confidence.
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