Rasheda Hodge appointed Official Receiver

ROAD TOWN, Tortola, VI- Ms Rasheda Hodge has been appointed Official Receiver at the Ministry of Finance.

The Official Receiver is a public officer appointed by the Government of the Virgin Islands who serves as an officer of the court. The officer assumes various roles, including that of a Court-appointed liquidator, provisional liquidator, supervisor, interim supervisor, receiver, administrator, administrative receiver, or bankruptcy trustee.

According to a press release from Government Information Service (GIS) today, April 22, 2024, Ms Hodge will be responsible for the administration and management of casework, including investigations and overseeing the affairs of companies placed into insolvency or recovery appointments.

Following the ascension of the Insolvency (Amendment) Act, 2022, the portfolio of the Official Receiver now falls under the Ministry of Finance. Subsequently, Ms Hodge was later identified by the Ministry of Finance as the appropriate candidate to fill the position, GIS stated.

It added that in preparation for the role, Ms Hodge underwent secondments to the UK Insolvency Service for three months and a local Insolvency Firm, Teneo, for six months.