When a company collapses, many investors assume it’s the end of the story. Administrators step in, directors disappear, and creditors wait for a fraction of their money, if anything at all.

But the real opportunity for recovery often lies outside the company itself.
In this episode, we explore third-party actions, the often-overlooked claims against people and organisations who played a role in the collapse: directors, trustees, accountants.

We break down what these actions are, why administrators rarely pursue them, and how creditors can step forward to reclaim control and accountability.

In This Episode You’ll Learn:

• What third-party actions are and how they differ from standard insolvency claims
• Why administrators rarely act, and why many recovery opportunities go untouched
• Who can be held liable from company directors to trustees and professional advisers
• How creditors can take the lead, coordinate evidence, and bring collective action
• The benefits of third-party recovery, including accountability and deterrence
• Why informed, organised creditors can make all the difference in achieving results

Key Takeaways:

• Administrators only control claims that belong to the company. Most investor losses fall outside their reach.
• Third-party actions allow creditors to pursue accountability directly — targeting those responsible for the loss, not just those closing the file.
• These claims aren’t about revenge. They’re about truth, transparency, and recovery.
• Real recovery starts when creditors stop waiting and start acting together.
• Learn more about collective recovery and third-party actions at www.insolvencyandlaw.co.uk
• Contact [email protected] if you believe you may have a viable third-party claim.

Connect With Insolvency & Law:

• Website: www.insolvencyandlaw.co.uk
• Email: [email protected]
• Phone: 020 7504 1300

Disclaimer: Insolvency & Law Ltd is not a firm of solicitors or licensed insolvency practitioners and does not provide legal advice, investment advice, or any regulated services under the Legal Services Act 2007 or the Financial Services and Markets Act 2000. All content published by I&L relating to companies mentioned therein, including blogs and podcasts, is provided free of charge for general information and educational purposes only. Therefore, it must not be relied upon as professional advice.

Where appropriate, I&L may take legal assignment of loan notes issued by companies in its own name, for the purpose of enforcement and recovery. In such cases, I&L bears all associated costs and risks, and the original loan note holder is fully insulated from legal expense and liability.