No Recovery No Fee Insolvency
Oliver Elliot is a firm of Chartered Accountants with offices in London and our approach can include offering creditors a No Recovery Fee Insolvency option.
In most instances such cases will contain either few or no assets, largely due to the conduct of individuals prior to the insolvency
. This discipline is often known as that of Forensic Insolvency
involving so-called “nil asset” cases.
Practitioners generally may be reluctant to take on such cases due to the absence of assets from which their fees are usually drawn.
However, it is perfectly possible to produce recoveries for creditors. We are therefore prepared in suitable cases subject to prior agreement with creditors, to devote our time to produce such recoveries via an investigation
, without the requirement for any funding from creditors. If we are unable to make a recovery the time spent would be written off so that creditors do not suffer loss.
In such suitable cases upon prior agreement with creditors, if a recovery is made you may feel that it gives further weight
to your winding up of a company given it would demonstrate that liquidation
does not have to be the end of the road in the recovery process.
We are therefore willing to spend our time to seek to identify, discover and recover for creditors through these investigations
involving, asset tracing
, reconstruction of records
, recovery of assets and realisation of claims which lead to rewards for creditors.
Creditors interested in our No Recovery No Fee insolvency option can contact our CEO, Elliot Green on 020 3925 3613 or us email at [email protected]