Insolvency Practitioners
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Insolvency Practitioners Support Services
When a company enters administration or liquidation, managing outstanding debt ledgers becomes a critical task for insolvency practitioners, with unpaid debts significantly impacting both the timescale of the insolvency process and the resources required to manage it. The time and effort required to chase unpaid ledgers and recover debts can delay the resolution of the company’s financial affairs. This prolongation not only affects the creditors waiting for their dues but also hinders the overall efficiency of the insolvency process. In-house recovery can often force insolvency practitioners to face a substantial drain on their resources when dealing with outstanding debts. The administrative burden of tracking, managing, and recovering these debts can divert valuable time and effort away from other critical tasks, leading to increased operational costs and reduced efficiency in managing the insolvency process. Our debt recovery and debt purchasing services are designed to alleviate these challenges for insolvency practitioners. By outsourcing the recovery of outstanding debts to our experienced team, you can expedite the administration or liquidation process and free up valuable resources for more strategic activities. Our professional approach ensures that debts are recovered or purchased efficiently and ethically, helping maximize returns for creditors and streamline the insolvency process.
Insolvency Support Services
As specialist service providers to Insolvency Practitioners, we offer a host of tailored solutions to assist with fast and efficient insolvency processes
Whether a single debt requires recovering or a full ledger, our
dedicated insolvency team acts on behalf of Insolvency Practitioners
in ensuring quick and efficient debt recovery in order to assist in the
cashflow of the insolvency process, funding fees and ultimately
returning funds to creditors in a timely manner.
In addition to corporate debt recovery, we are well equipped in the
recovery of debts from private individuals. Utilising a variation of
techniques, our team operate dynamically to represent the
insolvency practitioners in recovering funds quickly and efficiently.
Often, complex or disputed debts take time to recover and the time
or financial pressures of an administration or liquidation can mis-
align with the timescales in place for recovery. Through our in-house
debt purchasing team, we focus on being able to release immediate
cash to the administration or liquidation whilst removing the
recovery risk and shortening the timescale of the insolvency process
for our clients and ultimately the creditors.
than a typical corporate debt on the basis of lack of transparency of
assets and director liquidity. Through our insolvency team, we
maintain an excellent track record of ensuring fast settlement of
Director Loan Accounts through a range of recovery processes, asset
tracing and specialist refinancing options
Director Loan Account Purchasing
We understand the impact that director loans can have on an
administration or liquidation process which is why we are leaders in
the purchasing of outstanding Directors Loan Accounts. Offering
competitive purchase rates and fast payment, our purchasing
process assists in freeing up resources and supporting required
cashflow as to avoid hinderance in the delay of the conclusion of the
insolvency process.
Our specialist default team maintain an exceptionally high rate of
recovery on defaulted Corporate Loans regardless of security. Our
traditional approach is to reach an amicable resolution suitable for
both parties however, depending o our clients requirements, we can
enforce any debentures or securitisation in recovery of the loan in
order to ensure our clients are repaid quickly and efficiently
Often, our clients opt to sell a defaulted debt in order to avoid the
sometimes lengthy process of recovery. In this instance, we would
carry out a full assessment of the defaulted debt as well as the
borrower and upon agreed terms, would complete a purchase of the
loan, allowing the lender to continue with the risk or stress of
recovery.
Many corporate lenders use the sale of an existing debt book to
provide capital for further lending opportunities. Our debt
purchasing team work with lenders to purchase both performing or
under-performing debt books to release capital for further lending
and client acquisition
As part of our recovery process for Asset based lending, we provide
a full end to end service, working alongside our preferred partners
to recover assets, manage asset disposal and recover any pending
shortfall, minimising and in most cases, eradicating any losses for
the lender
Our debt purchasing work diligently in providing a fair and efficient
process for purchasing defaulted and active asset finance
agreements.
In addition to typical agreement purchasing, we also provide
purchasing services for shortfall debt post asset disposal,
minimising portfolio loss
Insolvency Support Services Fee Structure
As we are aware that an approach to an administration or liquidation must be dynamic, we remain flexible in our approach to fees for our insolvency clients. Whether a fixed fee is required for complete ledger recovery or a reduced-risk strategy such as no-win, no-fee, our specialist account managers will work with you to identify a suitable approach to fees and funding to match multiple business styles.
