Status Enquiries
At ARNUK, using a combination of skills and talents, we are able to ascertain the true financial circumstances of your errant debtor or defaulter. This information is given to you in a detailed status report that will include our informed and independent opinion regarding their ability to repay the outstanding debt. We are also in a position to undertake worldwide status enquiries using overseas confidential contacts with the relevant knowledge and language skills.
Loan Default Recovery
We offer loan default recovery solutions to carry out asset repossession when instructed to recover assets for clients. We have the capability to track down assets from all corners of the globe and we always work within the legal requirements of each country. We have a hand-picked panel of specialist lawyers in all E.U. countries that we work with on an on-going basis. We are also experts in the operation of the European Order for Payments (EOP) procedure, which enables non-contested debts to be enforced throughout the E.U. without incurring significant legal fees and offer a highly cost effective and efficient service for processing EOP applications without incurring legal fees.
Litigation Funding
In the current economic climate, funds to pursue litigation may not be readily available. Litigation funders are professional funders who may fund all or a part of a law firm and barrister's fees for a client to pursue litigation, in return for a percentage of the settlement (typically in excess of 30%). It is generally advisable to seek to avoid litigation and the involvement of lawyers if possible, and this is where we add real value. Litigation funding agreements need to be carefully considered and drafted as third party involvement in litigation can lead to a degree of loss of control by the claimant.