Claim Types
We work with IPs in pursuing the potential claim types under the Insolvency Act 1986:
- Misfeasance (s212)
- Transactions at Undervalue (s238)
- Preference (s239)
- Transactions Defrauding Creditors (s423)
- Wrongful Trading / Fraudulent Trading (s213/s214)
- Directors Load Account
- Breach Contract
- Unlawful Dividends
In order to cover our reasonable costs as the assignee, we would generally target a minimum claim quantum of £50,000, however in some instances (for example portfolio transfers) – we could look at lower claim values.