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If the partnership you are owed money by is a limited liability partnership (the letters LLP will appear at the end of the name) the individual partners, like company directors, have no personal liability.You should search Companies House to confirm the LLP is insolvent.The money raised by selling the assets or recovering monies owed to the individual or the company is divided between the creditors in a strict order of priority after the cost of the bankruptcy or liquidation (winding-up) have been paid.Creditors who have made loans secured on assets (eg mortgages on property), can sell those assets to recover their money.Telephone lines are open Monday to Friday 8.30am to 5.30pm.Calls may be recorded for training and quality purposes. To try to get money back from an insolvent company that is not in liquidation, you can apply to wind the company up.
You can also search the register using the partnership’s trading name.In the case of a bankruptcy, the OR or IP (known as the trustee) realises (sells) any assets (except any reasonable domestic items and items needed for the bankrupt’s job).In the case of a compulsory liquidation, an OR or IP (known as the liquidator) will take control of the company and realise (sell) the company’s assets.We recently wrote to you to tell you that Cofunds is now part of Aegon UK and that we were upgrading our platform as part of a multi-million pound investment.The upgrade successfully happened on Tuesday , and the new Terms and Conditions came into force on 30 April 2018.
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You have various options to try to get your money back, depending on the situation.