HMV has closed its 16 Irish stores and has appointed receivers, putting 300 jobs at risk.
However, whereas the administration process – such as that employed by the British arm of HMV – is designed to find a way of keeping a business operating, receivership will mean the end of the retailer.
All Irish stores have now been closed.
Staff at HMV's two Limerick stores held a sit-in last night, looking for assurances that their wages for the last month will still be paid.
Deloitte Ireland said: "The receiver will institute an assessment of the viability of the company and its cost structure, including property occupational costs. All efforts will be made by the receiver to secure a purchaser for the stores."