General Security Deed recievership
News added 29 September 2023
Aston Chace was appointed as receivers of six companies within the LJ Hooker Group, following the appointment of voluntary administrators. The secured creditor, who had issued a $42 million facility to the Group that was structurally subordinated to other secured creditors, appointed Aston Chace Group as receivers over a General Security Deed. It also sought to establish itself as a creditor of the primary operating entity.