If you or your business has suffered a financial loss as a result of fraud or other illegal activity, it is often possible to trace and recover either the original assets or financial damages as compensation for your loss.
At Palmers Solicitors, we provide clear and pragmatic advice on the options available to you, in order to successfully recover what is rightfully yours.
We can assist with asset recovery in the following situations:
- Insolvency – where a director is found to have:
- Misapplied company funds or continued to pay shareholder dividends whilst the company was insolvent (Misfeasance and Breach of Fiduciary Duties)
- Carried on the business of the company (Fraudulent and Wrongful Trading)
- With the intent to defraud creditors and/or
- When it is clear the business will go into insolvent liquidation
- Disposed of company assets at undervalue (Transactions at Undervalue)
- Preferred one creditor over another (Preference)
- Corporate fraud – where a company or one of their employees has committed any of the following offences:
- Breach of fiduciary duty and/or unjust enrichment and/or knowing receipt resulting from the misuse of company funds.
- Money laundering – this is when funds obtained by criminal means are made to appear legitimate
- Embezzlement – this refers to the misuse of funds
At Palmers Solicitors, we have particular expertise in advising and representing clients who have experienced financial loss as a result of fraudulent or other illegal activities.
Due to the potential seriousness of all cases involving asset recovery, we would advise you to seek advice at the earliest opportunity to help us provide the best possible outcome.
At Palmers Solicitors, we have particular expertise in advising and representing clients who have experienced financial loss as a result of fraudulent or other illegal activities.
Due to the potential seriousness of all cases involving asset recovery, we would advise you to seek advice at the earliest opportunity to help us provide the best possible outcome.
