CREDIT COLLECTION FOR BANKRUPTCY PROCEEDINGS

We assist official receivers throughout the process, from management to collection of credit from proceedings.

The service for collecting credit from liquidations or bankruptcies provided by Invenium has the objective of accelerating collections for bankruptcy proceedings, both from Italian as well as foreign debtors.

The objective of the credit collection service for bankruptcy proceedings is to support the receiver, liquidator or special commissioner, freeing him from the burden of collecting the credit portfolio of the proceedings.

Bankruptcy proceedings (bankruptcies, receiverships, agreement among creditors, whether approved or within restructuring agreements pursuant to Art. 182 bis of the Bankruptcy Law) incur costs only on results and pay Invenium only upon collection.

Invenium appoints a pool of professionals and collectors (Managers) who support the Receiver in accounting reconciliation and liquidation of assets, providing an assessment of the potential collection value and necessary timing.

CREDIT COLLECTION PROCEDURE FOR BANKRUPTCY PROCEEDINGS

Documentary due diligence

The Invenium pool supports the proceedings with an initial due diligence of the of the credit portfolio in order to "ascertain" the actual balance and the estimated realizable value.

Exploratory contact

Contact with the administrative department of the debtor to identify the internal contact for liquidation.

Verification of validity and solvency of debtors

Thanks to our bankruptcy proceedings credit collection service, a specialised contact (Manager) will liaise with the legal advisors and local collectors, directing the asset realization activities.

Reconciliation of receivables

Consists of comparing the accounting documentation of the customer with that of the debtor and of verification and elimination of any differences, balancing the respective entries. Among other things, the respective statements of account are verified, identifying even partial payments not accounted and reconciling any discrepancies found.

Liquidation of receivables

This is the phase aimed at verifying the formal and material correctness of the customer's receivable, resulting from compliance of the services provided and invoiced with that requested and ordered, as well as the accounting and administrative correctness of the invoices themselves.

Reminders

Periodic interventions with the authorities in order to monitor the progress of payment of each invoice. - Sending of a written out-of-court reminder - Sending of a written legal reminder - Telephone contacts (approx. 10) - Direct meetings (approx. 3 meetings).

OUR SERVICES

INTERNATIONAL CREDIT COLLECTION

A worldwide network of 250 correspondents to carry out debt collection operations in any country.

CREDIT COLLECTION ITALY

Credit collection service in Italy to protect your interests andcontinuing, if necessary, also in the legal phase.

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CASH MARATHON

The marathon is a fast credit collection for yours outstanding receivables. 10 Weeks. Guaranteed, real and fast results.

SALE OF RECEIVABLES

We purchase individual or set of receivables through partnerships with leading specialised international funds.

LITIGATION FUNDING

A solution for managing disputes in both the legal as well as out-of-court phase – with high prospects of success