For many involved in insolvency, resolving Retention of Title, financing and leasing agreement issues can be a major headache. Assets may offer significant value, but frequently this can only be realised if the finance company can be paid off.
At Asset, we take a proactive approach to this area, approaching finance companies early on in the process to ascertain the levels of debt on particular assets.
Frequently we will then clear the debt at our own risk, enabling us to dispose of the asset quickly and offer a good return to our clients.
Retention of Title clauses can cause similar issues. Again, we will work closely with the creditors and insolvency practitioner to facilitate a quick and effective disposal.