Recovery of Assets
Herts valuations are able to find and recover assets. We are experienced in tracing such items and arranging their return. In the event of company Insolvency, disgruntled employees might not be willing to return company property. Laptop computers, mobile phones and company cars are usually at risk, for example.
When dealing with a company insolvency, all assets recovered should of course be sold, to raise money to go towards paying the company’s creditors. Herts Valuations can assist in not only finding valuable company assets, but also in realising these assets in a way that is as cost-effective as possible. We have a network of associates offering nationwide coverage, and so are able to assist no matter where the business, individual or asset is situated.
If there is disputed ownership, we can help recover the assets or resolve the dispute. Sometimes a creditor might hold a lien over assets in their possession, due to an unpaid debt. It is important to note that one unsecured creditor should not obtain any more benefit than another. By holding onto company property, it could be argued that they do have such an advantage, in breach of Insolvency legislation.
Herts valuations are very experienced in negotiating a settlement in such instances. A negotiated settlement is usually (though not always) preferred to lengthy and costly legal action. We are more than happy to assist you in such circumstances and advise on the best course of action.
Our recommendations and case notes in the recovery of assets can also be used in legal action, in the event the dispute cannot be successfully concluded by negotiation. Recovered assets can of course be stored pending resolution of any protracted dispute. Long or short term secure, insured storage is also available. Herts Valuations asset recovery is part of the overall service we are able to offer to both businesses, whether insolvent or not.
