Need a home theatre receiver system?

I have a Kenwood home theater system. It uses the HT-R550 home theater receiver. Unfortunately there was a storm that hit my house recently and my receiver was burnt and will not turn on. Now I am thinking of purchasing a new receiver. I was wondering what receivers you all recommend. Is it possible that I might buy new speakers/subwoofer as well so I’d be open to discussion on that as well? I appreciate any help that can be given as far as what would be a good. Thanks in advance.

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