Last year we were instructed by a Liquidator to pursue various statutory claims under the Insolvency Act 1986, against the company’s former directors.
The company’s creditors decided they could no longer afford to fund the Liquidator’s legal costs, so Summit Law LLP arranged third party funding on the Liquidator’s behalf.
Successful Outcome: Shortly after the third party funding agreement was signed off, the Liquidator was able to pursue the litigation which was eventually settled at mediation, with the creditors receiving a substantial dividend.