Grant Thornton signs insolvency portfolio financing deal

Grant Thornton signs insolvency portfolio financing deal

The deal will provide financing across a range of cases, including defence and declaratory matters

GRANT THORNTON has signed a £9m insolvency portfolio financing deal with AIM-listed Burford Capital.

The deal will provide financing across a range of cases, including defence and declaratory matters, where GT partners are trustees.

It will be used for handling insolvent estate cases – often complex insolvencies – which regularly need to secure financing to manage and maximise the value of claims, but are often complex insolvencies.

GT insolvency partner Nick Wood, said: “The facility allows a huge amount of flexibility because of its unique structure.

“Without a portfolio solution, we would be left trying to deal with the cases on a one-by-one basis in a much less streamlined way, and trying to agree different types of deals including CFAs.”

 

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