Generally, a controller will be appointed by a secured creditor under the provisions of a charge or mortgage and can include Receivers, Receivers and Managers or Agents for the Mortgagee.

A controller's function in normal circumstances is to take control of secured assets and to protect or realise these assets for the benefit of the secured creditor. In some circumstances a controller may be appointed by Statute eg, pursuant to the Conveyancing Act or by the Court.

The Principals of setter//shepard have acted for major banks, other financial institutions and small lenders in securing their mortgaged assets and engaging in a realisation strategy that maximises the returns to these secured lenders.

We have also been appointed by the Court to both corporate and non-corporate business structures - in some instances to protect the assets and maintain the status quo and in other instances to act as defacto liquidators to realise and distribute the assets.

As with all of our insolvency administrations, we pride ourselves on our hands-on, professional approach and our objective is to seek the best solution.