How We Operate
We work with regional insolvency practitioners by:
- We carry out due diligence on the insolvency claim by insolvency practitioners (IPs).
- Upon successful vetting/due diligence, we pay the IP an Assignment Fee.
- In exchange for the Assignment Fee, the insolvency claim is assigned to us.
- We fund further investigative work and litigation to help maximise the returns for the creditor estate.
- Upon settlement, we share the recoveries with the IP.
Our model removes any regulatory and financial pressures from IPs whilst allowing us to collectively work in harmony with IPs to maximise recoveries for the creditor estate with no economic downside to IPs.
As an insolvency litigation funder, we accept all the risk in every case and work in harmony with IPs, and our specialist panel law firms ensure creditable claims are pursued and resolved.
Where required, we have access to an exclusive After-The-Event (ATE) facility, backed by 'A' rated insurance capacity to assist the litigation process by serving as security for costs.
In supporting our regional IP panel and panel law firms, we have in-house IPs backed by legal counsel, which is made up of tier-one specialist renowned insolvency litigation law firms.
Technology & AI
Transparency is at the heart of everything we do. Our cloud-based proprietary technology, 'Note', allows IPs and our legal panel to apply, assign and review updates on all cases – which are updated in real-time.
Our software operates open APIs, allowing them to be integrated into the IPs own software and into any third-party software's.
This, in turn, allow prompt decision making and assignment offers made to IPs, where all documentation and case notes can be shared on a singular secure online platform, accessible from any smartphone or desktop.
To learn more about our technology, 'Note', please click here.