Managing company debt: Charges, receivership & judicial management
Learn about using assets as security, what to do if debts are unable to be repaid, and the roles of receivership and judicial management.
Last updated 30 January 2026
What happens when a company is unable to repay its debts
If your company is unable to repay its debts several things can happen, such as debt restructuring, receivership, and judicial management.
Registering a new charge
Charges let lenders claim company assets if loans are not repaid. Register new charges within 30 days after the creation of the charge to avoid penalties.
Filing satisfaction of charges
Chargors or their appointed corporate service providers (CSPs) need to file a statement when a registered charge has been fully or partially satisfied.
Filing variation of charges
Chargors or their appointed corporate service providers (CSPs) need to file a variation of charge to update the terms of an existing charge.