Administrative receivership

Okay kiddo, so let's say you have a toy store and you borrowed some money from the bank to buy more toys. But, you had some trouble paying the bank back and now you owe them a lot of money.

Now, the bank doesn't want your toy store to go out of business because that means they won't get their money back. So, they can appoint someone called an "administrative receiver" to help get their money back.

This person is like a detective who will come and look at your toy store and see how much money it's worth. Then, they will try to sell some of your toys to get some money for the bank.

However, this can be bad news for you because you might lose your toy store if the administrator sells everything to pay off the bank. But, it's important to try to work with the administrator and the bank to come up with a plan to keep your toy store open and pay back what you owe.

In summary, administrative receivership is when a bank appoints someone to help them get their money back from a business that owes them money. The person appointed will try to sell some of the business's assets to get money for the bank, which can sometimes result in the business shutting down.