can an insolvency practitioner have higher success rate at recovering trade debt from a liquidated company ?
I have been approached by a company offering debt collection services. The company suggests they have a higher success rate on recovering debt with liquidated companies than we could achieve by dealing with the administrators ourselves.
My understanding was that once a company was in liquidation then all non preferential creditors received a % share of any monies left after the preferential creditors.
So how is it possible that by using the services of an insolvency practitioner, rather than dealing with the administrators directly, you have a have a higher success rate on recovering your debt ?
My inital thoughts were that this was just a sales pitch, but i would appreciate your thoughts on this.
- PAYE coding notice - deliberate misstatement 103 3
- Private residence relief with entrepreneur relief mix 269 4
- Value pricing 682 24
- Reregister for VAT 116 2
- Producing graphical KPI's etc 193 6
- Weely paid employees 237 3
- RTI Annual Scheme Query 127 3
- Would this save hours of your time? 449 11
- Director's tax return 255 6
- Keep receiving RTI late submission notice 203 6
- Wrong career 461 18
- Payroo Employer allowance query 132 1
- MONEYSOFT - EARLIER YEAR UPDATE 275 7
- Laptop purchase 1,381 20
- PTP software disaster 266 2
- CIS repayment shambles finally over? 225 2
- Treatment of EU Purchases on Sage 99 2
- Tricky VAT question 177 1
- VT accounts licence key 268 5
- Splitting the tax year 115 1
- Residential Property Purchase Above £750K 794
- Using Sage with Sofa Categories 548
- Does anyone have an unwanted ICAEW wooden plaque? 414
- Goods shipped inter EU and VAT Reporting 292
- Free Tax Legislation? 264
- Director Loan account operation 244
- transferring simply accounting 2010 from xp to windows 7 238
- Non-Resident Director - UK Tax Position? 236
- Sage 200 and Access Dimensions reviews 229
- Paye procedures for CVA 159