Directors Loan Account in Liquidation

Ranked In Chambers
Ranked in Chambers & Partners Litigation Support Guide 2021 for Litigation Funding

CASE STUDY

Asertis Ltd acquired a case in mid-February 2020 to fund the litigation to recover a Directors Loan Account in excess of £100,000.

The Liquidators provided a comprehensive pack of information which meant the case was straightforward to review.  The relationship between the Liquidators and Asertis Ltd was also very strong therefore the offer of the upfront payment and the Asertis/Liquidators split of the proceeds was accepted with confidence and trust.

Pre-litigation activity has been incredibly successful with full admission and co-operation from the company directors.  Asertis Ltd now has a mutually agreed instalment plan and voluntary charge lodged with Land Registry to recover the full value of the claim.