Frequently Asked Questions
We have worked with over 200 different IP firms and their lawyers. But there are still a few misconceptions about how we operate.
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What is Manolete Partners Plc?
Manolete Partners Plc is the leading UK-based insolvency litigation financing company. We specialise in the acquisition and funding of insolvency-related claims.
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What services does Manolete offer?
Manolete offers services including the purchase of insolvency claims, funding of insolvency litigation and providing expert support to the work of insolvency practitioners and their chosen lawyers to maximise recoveries from insolvency cases.
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How does the claim purchase process work?
The process typically involves an initial assessment of the net worth of the target, assessment of the claim's merits, an agreement on the purchase terms and the immediate payment of upfront consideration to the insolvency estate. Manolete then assumes the responsibility and risk of pursuing the litigation as the assignee.
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Who can benefit from Manolete’s services?
Insolvency Practitioners’ and insolvency solicitors’ cases can directly benefit from Manolete’s finance by obtaining immediate cash for claims and transferring the risk and cost of litigation to Manolete. Creditors very often get much improved returns compared to other funding models.
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What types of claims does Manolete focus on?
Manolete focuses on a wide range of insolvency-related claims, including but not limited to, overdrawn director’s loan accounts, preference claims, transactions at an undervalue, wrongful trading and misfeasance claims/breach of duty.
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How long do cases typically take to settle?
The duration for resolving a claim can vary widely depending on the complexity of the case. However, Manolete aims to resolve claims efficiently; the average case duration is about 12 months.
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If you don’t ever use ATE is the IP then financially exposed?
No, we simply offer the IP a full indemnity for adverse costs. We have the financial strength to support these claims.
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How does Manolete ensure the success of its claims?
Manolete employs a team of experienced insolvency litigation professionals across the regions to rigorously assess claims and works closely with external insolvency law firms (chosen by the IP) to pursue claims, ensuring a high success rate. Our net worth team carries out a forensic analysis of what assets remain in the Estate. Our Investment Committee makes a careful judgment on whether to proceed on the claim.
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How can an Insolvency Practitioner engage with Manolete?
Insolvency Practitioners can engage with Manolete by contacting us through the website, email, or phone. An initial discussion can be arranged to discuss the specifics of the case and explore potential funding or claim purchase options. There is no cost to submit an inquiry.
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What is the minimum claim size?
£20,000 minimum with no maximum claim limit.
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Is counsel’s opinion needed?
No. We are happy to rely on our internal assessment.
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Do many cases go to trial?
We regularly issue proceedings but 97% of cases are settled before trial by mediation/ADR.
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What proportion of cases are assigned rather than funded?
Well over 90% are assigned where we buy the whole claim.