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.