Insolvency management

In 2006, we launched TIX (The Insolvency Exchange), which now encompasses all aspects of managing personal insolvencies, including bankruptcies and trust deeds as well as IVAs.

Our end-to-end service optimises returns from insolvent accounts and ensures they are sustainable and fair – through the full lifecycle.

Visibility of over 90% of all IVAs

Working on behalf of our creditor clients (including the top five UK banks), we have visibility of over 90% of all IVAs, giving a unique insight into the industry and its insolvency solutions.

Benefits of using TIX to manage personal insolvencies 

  • Cost reduction - Reduced operational pain / overhead with a 100% paperless process
  • Improved liquidation and value - value locked-in, with fast and regular distribution; enhanced portfolio valuation
  • Improvement in sustainability and fair treatment - case and IP / trustee management, auditable solution with full transparency of performance.

Features

IVA capture and processing:

  • Online proof of debt capture, our web-based data exchange enables our clients to securely exchange account level proof of debt data in real time and in priority order
  • 100% I&E review
  • Vote on over 98% of cases
  • Full payment management


Tools for on-going case management:

  • Audit trail
  • Scorecard
  • MI and portfolio insight


Transparency:

  • Annual report
  • Chairman’s report
  • Variation review
 

Contact us

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