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One of the remedies available to a secured lender to handle an insolvent business situation is to appoint a Receiver to take possession of the assets subject to its securities and to liquidate these assets. The appointment may be private or by the court depending on the type of security held. The method of liquidation can also vary depending on the security held and the type of assets to be sold. PSB Boisjoli Inc. has a wide range of experience in maximizing recovery for lenders.
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