A guide that explains the effect of receivership (in the context of private appointments by a secured creditor) on the debtor company and key stakeholders, including its shareholders, directors, unsecured creditors, lessors of real property and employees. It also discusses the impact of receivership on contracts to which the debtor company is a party, court proceedings brought by or against the debtor company and the impact of other types of corporate insolvency procedure on the conduct of a receivership (and vice versa).