Asset Recovery Assistance with InSolve
Posted on August 16th, 2011 by Jeff
Have irresponsible company directors met their match?
During the research for our new suite of products Templeton Insurance discovered a "log jam" described by insolvency practitioners who were looking to pursue assets which had been sold under value, hidden or otherwise by company directors. This appeared to be frustrating to all involved in seeking to recover assets from a company liquidation and only the very largest actions were looked upon as having any realistic prospects of getting something back when the reality is there is estimated to be thousands of cases where there was justification to seek an asset, formerly owned by the liquidated company. The problem was, until now, that in the event of smaller value asset the costs could not be justified when weighed up against the risks.
Templeton Insurance has developed a set of products called InSolve, with the help of insolvency practitioners and specialist law firms, to re-address the balance in favour of the creditors involved.
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