A Missed Opportunity?
The introduction of the Insolvency Act in 1986 provided unsecured creditors of insolvent companies and individuals with far greater powers of redress than ever before. The new legislation was designed to have certain transactions overturned, assets to be restored and delinquent directors held personally liable for their misconduct.
Unfortunately, these powers of recovery are seldom used to their full effect, because invariably, the insolvency practitioner responsible for the liquidation of the bankruptcy does not have sufficient funds, resources or experience to take the matter further.
Consequently, the vast majority of potential recovery claims are not pursued, resulting in literally hundreds of thousands of pounds lost to creditors each year – money which could have been recouped by taking that extra step.
The Extra Step
Vantis take a rather different view of things – we are prepared to take that extra step on behalf of creditors to recover monies owed to them.
Vantis’ dedicated insolvency investigation department has extensive experience and a proven track record in maximising recoveries for creditors by use of the Insolvency Act, either by way of negotiated settlement or litigation. In the majority of cases we are prepared to work without funding and have relationships with a number of solicitors and barristers willing to pursue formal proceedings under a conditional fee agreement.
Click here to view our Insolvency Investigations Services brochure
Contact Us
Call Mike Jenner on 01708 458211 or email him using the online form.