In this article we look at the longstanding practise of development lenders accepting Statutory Declarations as evidence that project creditors are being paid.
This article investigates practical opportunities to lower the costs of a receivership for distressed property assets.
Key lessons from our experiences on maximising value and understanding stakeholder impact with distressed property assets, particularly when related to partially completed development sites.
Debt trading is a powerful tool to obtain a fast outcome and to maximise loan recovery with distressed development sites. But it is less active in Australia.