MGMT co in receivership

[daheff]

So I've just been informed by a public representative that the management company of the estate (houses & apartments) has gone into receivership.

Now the Mgmt co never informed us of this, so I wondering should they have done so?

Can anybody advise where I can confirm this as I cannot see anything from a reasonable search around google?

If the Mgmt co has gone into receivership should I then cancel making any payments for mgmt charges?

any advice/help is appreciated

 

[Joe_90]

I have never heard of a management Company being put into receivership. The only assets it owns are the common areas which are no good to anyone except the members of the company.

They are not used as security so a creditor would not be in a position to appoint a receiver.

You can do a search on the CRO to see if any documents have been filed.

Are you sure that it's the management company and not the management agent or the developer company.

Has the management company been struck off the register for failure to file annual returns.

Do you know any of the directors of your management Company that you could get in contact with and ask them.

If something has happened to the management company it's a lot more than paying for services you need to worry about. The block insurance policy may lapse, you won't be able to sell your property.

 

[daheff]

I have never heard of a management Company being put into receivership. The only assets it owns are the common areas which are no good to anyone except the members of the company.

They are not used as security so a creditor would not be in a position to appoint a receiver.

You can do a search on the CRO to see if any documents have been filed.

Are you sure that it's the management company and not the management agent or the developer company.

Has the management company been struck off the register for failure to file annual returns.

Do you know any of the directors of your management Company that you could get in contact with and ask them.

I've done a search around, but cant see anything amiss. I rang the mgmt agent and they advised that its not the case. At this stage I would have to assume that they arent in receivership.

If something has happened to the management company it's a lot more than paying for services you need to worry about. The block insurance policy may lapse, you won't be able to sell your property.

I wasnt intending selling...but if its not possible to sell, then the property will have 0 value next time the property tax comes up...save a small fortune there!!