Periodic Payments and Case Closure
Case closure is a priority for IP’s as legal requirements and regulatory demands require that cases be kept open for no longer than necessary. In addition there are negative cost and cash flow consequences as result of not being able to close the file.
A sadly common situation we come across is where the IP has worked hard, uncovered and successfully claimed against the directors or other debtors only to be immediately hit with another problem; the debtor is paying by instalments and so to collect them the case must be kept open for years.
Cavendish IP Solutions will purchase the right to collect these payments going forward, for any amount, regardless of security, paying a lump sum to you so that the case can be closed and you can concentrate on new cases and free up valuable staff time for more remunerative work.