ClaimCloud’s desire to buy creditor claims should improve the quality of life for the administrator, liquidator or trustee: we act as a highly engaged creditor that wholeheartedly supports the IP’s efforts to maximise returns to creditors in the shortest timeframe.

We understand the work required of IPs and that professional fees are the obvious cost of your expert stewardship of the insolvent company.

There are some specific scenarios where ClaimCloud can assist your work:

·       Replacement of a creditor that is distracting to your team. Agitated creditors are often receptive to ClaimCloud’s proposal to buy their claim

·       Potential provision of funding for recovery actions

·       Joining the committee of inspection (where possible) to approve remuneration and provide thoughtful input to any matters put to the committee

Additionally, please keep in mind that ClaimCloud will enthusiastically provide indicative pricing for illiquid assets in an insolvency, particularly long-running liquidations or creditors’ trusts.  Examples include:

·       Books of trade debtors

·       Creditor claims against other insolvent debtors

·       Loan books that have been largely collected, with a small ‘tail’ remaining

·       Shares in private companies

If you have any situations that may suit ClaimCloud’s appetite, please contact us.