Bankruptcy & Insolvency Litigation Funding
What are Bankruptcy & Insolvency?
Bankruptcy is a form of insolvency which in England applies to individuals. When a company in England becomes insolvent it generally enters winding up or administration.
Insolvency is often defined as the inability to pay debts when they fall due. The goal of insolvency is to protect creditors, gather in assets of the insolvent estate and distribute them equally to creditors.
Bankruptcy is the legal process of clearing debts that cannot be paid back. Bankruptcy is usually a last resort and is likely imposed by court order.
About Bankruptcy & Insolvency Litigation Funding
As both bankruptcy and insolvency are distressed financial states, individuals or organisations pursuing these cases are already in a difficult financial position, therefore it is very common for third-party litigation funding to be required.
Litigation funding allows these valuable cases to be pursued when the required capital would not be available otherwise.
The summary nature of insolvency and bankruptcy claims make them an attractive investment opportunity for litigation funders. Often, organisations that are going through insolvency have high-value claims but without third-party funding, would have to abandon the claim.
Insolvency service funding is therefore familiar to many funders, however, litigationfunding.io’s service enables lawyers and funders to match themselves with the most suitable cases/funders.
FINLEGAL.IO and Bankruptcy
FINLEGAL.IO’s unique and intuitive one-form single application system is designed to suit a wide range of claims, no matter the size or nature. Through a combination of funding, technology and people, we are able to save crucial time for both lawyers and funders.
Our team of experts have built a process that helps lawyers construct a well-written and structured request for class action litigation funding. Using our video guides and tips on using the right language, you will produce a request with the best chance of securing funding.
When your litigation funding request is complete, it will reach a single market filled with funders seeking their perfect match. Be assured when using FINLEGAL.IO that all compliance requirements are met and that your case is on course to receive the best commercial terms for third-party funding.
