Bradley Waller, logistics development manager at Alliance Shipping, argues that airlines cannot duplicate the full…
Liquidation and Receiverships
The Alliance Group has developed a rescue package for those collapsed agencies and by working in tandem with the receiver-designate or liquidator enables Alliance to recover considerable sums of money for the account of unsecured creditors.
Often staff employed by the receiver or liquidator fail to grasp the need for urgent action once an agency has foundered continuing to systematically produce the statement of affairs in order to assess the value of the remaining assets whilst the largest potential asset, the on-going goodwill of the demised corporation is being totally decimated by the untimely departure of key staff leaving the receiver or liquidator incapable of serving the on-going clients during that difficult period.
Official Receivers and Insolvency Practitioners
The Alliance Group offers both receivers and licensed insolvency practitioners the following:-
- Immediate on-site consultative secondment of experienced staff to assess the viability of the remaining business followed by a report to confirm their findings
- Operational staff to run and develop the potential secured following that exercise
- Finance to secure and retain that on-going work in progress (preserving customer confidence which if handled correctly translates into a major company asset)
- This service relieves the receiver or liquidator of the tremendous burdens placed upon them as a result of cargo liens, rent charges, demurrage bills, “stale” export documentation and a plethora of other logistical problems often encountered following the failure of a freight company and often very alien to the receiver or liquidator-designate
Above all else experience has shown that many thousands of pounds can be retrieved and saved which assists the receiver or liquidator in the execution of their duties and should ensure that aggrieved creditors see a return on their often wayward funds.