The Insolvency Service has awarded its Income Payments, Book Debts and Antecedent Recovery contract to national law firm Clarke Willmott LLP.
Following an open European Union Procurement process, awarded the three year contract to Clarke Willmott. It was due to commence at the end of the summer 2013.
Jane Dunlop, head of the debt recovery team at Clarke Willmott, said: “This prestigious contract win builds on our extensive track record and success in debt recovery for the Government sector.
“We have also acted on behalf of HMRC, the Enforcement Directorate, the Cabinet Office, MOD and the Department for Transport.
“In addition to government organisations we have worked for large utility companies, management agents, insurance companies, large commercial clients and private individuals, recovering in excess of £490m.
“Our success is testimony to the combination of our highly efficient and fair debt recovery processes.”
Clarke Willmott’s debt recovery team will assist The Insolvency Service in collecting payments due from individuals’ post-bankruptcy as well as recovering debts due to insolvent estates.
These debts represent the largest income stream to The Insolvency Service with £35m collected in 2011/2012.
The contract will call upon Clarke Willmott’s restructuring and insolvency department to pursue claims against directors for breach of duty.
Additionally, the department will be investigating and pursuing claims against third parties for the recovery of money and assets disposed of in anticipation of liquidation or bankruptcy.
The contract also includes an option to extend for a further 2 years.