Why the client needed our help
The liquidator of the company for which our client was previously a director was pursuing him for in excess of £0.25 million for a director’s loan account. They claimed that our client had made illegitimate withdrawals and unauthorised payments using the company’s money.
How we helped
First of all, we asked the liquidator’s solicitors to provide further documents and information so that we could analyse the details of the claim and see what evidence they had. Using this, we were able to pull together a defence for our client which we could use to negotiate a settlement.
The strength of our defence, which casted doubt on the liquidator’s claim, enabled us to negotiate a much-reduced settlement for our client. He was delighted.