There are many scenarios where a service to trace and recover assets may be required, and not always in business. Anything of value owned by an individual is an ‘asset’ – this can be shares, property, money held in bank accounts, intellectual property, assets within connected companies, vehicles etc.
To be able to benefit from assets within litigation the ‘asset’ needs to be identified first and only then can the value be unlocked through the courts or negotiation.
A company can be insolvent due to either cash flow inadequacies or balance sheet inadequacies. For example:
Liquidation can be initialed voluntarily by directors of a company or externally by a creditor who may appoint a insolvency practitioner to recover debts.
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