Insolvency Practitioners Should Strike Early To Strike Out

Following a liquidation or other insolvency procedure, insolvency practitioners may find themselves in the line of fire from disappointed claimants. As a result IPs, are often the targets for complaints and subsequently, litigation; in many respects this goes with the territory. Defending such litigation is, however, demanding of resources which could be deployed more usefully elsewhere. Two recent judgments which demonstrate the potential value of an early strike out application will, therefore, be welcomed.

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Following a liquidation or other insolvency procedure, insolvency practitioners may find themselves in the line of fire from disappointed claimants. As a result IPs, are often the targets for complaints and subsequently, litigation; in many respects this goes with the territory. Defending such litigation is, however, demanding of resources which could be deployed more usefully elsewhere. Two recent judgments which