THE ROLE OF DEBT RECOVERY AGENTS AND SOLICITORS IN ASSET REALIZATION

Abstract

Every lender will have to deal with an insolvency or dissolution of one of its borrowers. Therefore when a business that has debts becomes insolvent, it's the responsibility of the insolvency practitioner to identify and assess the company's assets and release funds through these assets to pay the business' creditors because recovering funds with which to pay creditors is of huge importance to those who are owed money. This paper attempts to provide an exposition on the role of Debt Recovery Agents and Solicitors in asset realization. It adopts the doctrinal research methodology.