Boston Finance trustee, Perpetual Trust, has ended a moratorium arrangement in place since March 2008 by putting the firm into receivership.

Grant Graham and Brendon Gibson of KordaMentha would oversee the receivership. They have been appointed after consultation with firm’s moratorium manager, KordaMentha.

KordaMentha stated, "While a moratorium was the appropriate course of action in 2008, investors' interests will now be best served by a receivership."