Business Services News

Business Services News

Breaking News on Business Services

Home > Business Services Search Engine                                 

Business Services News -- Video Feeds
  • Advertising
  • Careers
  • Corporate news
  • Economy
  • Markets
  • Small Business
  • Personal Finance
  • Regulatory and Compliance
  • Business News

    Insolvency Litigation

    (I-BusinessNews.Com, February 11, 2015 ) London, UK -- Before embarking on potentially costly and time-consuming litigation, insolvency practitioners should consider a number of important factors:-

    1. The merit of the action who is likely to benefit from successful outcome. Insolvency practitioners must act for the benefit of all creditors and consider whether a win would result in a distribution back to the creditors. Consideration should be given to ensure that sufficient evidence is available to support the claim.

    2. Means to settle. The action may be against the company or an individual. There is little point in bringing an action if the company or person whom you are bringing the action against does not have the ability to pay.

    3. Funding. Very often the company in Liquidation/Administration will not have sufficient cash available to cover the costs of litigation. Wilson Field have developed relationships with solicitors to act on a no win / no fee arrangement to enable the insolvency practitioners to commence recovery proceedings.

    4. Insurance. All litigation will have an element of uncertainty regarding its success no matter how confident the insolvency practitioner is regarding the claim. If a claim proceeds to trial there is always a risk that the case will be lost with the losing side inevitably having to pay the costs of the winning party. One way to protect yourself against this is to take out an insurance policy.

    5. Sanction/approval. Depending on the type of insolvency the appointment of an insolvency practitioner may need sanction from its creditors before commencing proceedings. In Administration there is no requirement for sanction, but a trust in Bankruptcy requires sanction before pursuing any claims. The Liquidator of a Creditors Voluntary Liquidation and the Liquidator of a Compulsory Winding Up need sanction need sanction for office holder claims but not company claims.

    For any queries please do not hesitate to contact Wilson Field on 0800 458 3320

    Wilson field Ltd

    Wilson Field

    0114 2356780

    Source: EmailWire.Com


    Business News Feeds
  • Business News - Top Stories
  • Company Earnings
  • Economy
  • Personal Finance
  • Real Estate
  • Stock Markets
  • Business Services Sponsors

    Business Services Ads

    Business Resource Center
    We are pleased to offer you this exciting, new, and entirely free professional resource. Visit our Free Industry resource center today to browse our selection of 600+ complimentary Industry magazines, white papers, webinars, podcasts, and more. Get popular titles including:

    CIO Insight
    Managed Healthcare Executive
    Mortgage Technology

    No credit cards, coupons, or promo codes required. Try it today!

    Press release service

    :: Home: :: Submit Press Release :: Subscribe to News :: Contact Us :: Help

    For unlimited press release distribution for $59 per month, call (281) 645-4086 or start posting your press releases online at

    Copyright 2008 GroupWeb Media LLC
    GroupWeb Media Network

    Aviation-NewsWire | ArtNewsWire | Auction NewsWire | CRM NewsWire | ePhotoNewsWire | Energy Industry | EstateNewsWire | | Food Beverage News | Glamour NewsWire | Health NewsWire | Hosting NewsWire | i-Auto NewsWire | i-Business News | i-Homeland Security.Com | iMac-NewsWire.Com | i-Press-Release-Service | | iT-NewsWire.Com
    | i-TravelNewsWire.Com | MoneyNewsWire.Net | Movie-Stars-News.Com | MSNewsWire.Net | PharmaNewsWire.Com | Publishing-NewsWire.Com | RSSNewsWire.Net | Telecom-NewsWire.Net | Transportation-News.Com | USGovernment-News.Com | WebPosters.Net | Wireless-NewsWire.Com | VoIPNewsWire.Net | XSportsWorld.Net
    I-BusinessNews.Com is a business news service of GroupWeb Media LLC