Insolvency agents are specialists in dealing with insolvent companies and helping creditors to reclaim unpaid debts. They advise creditors on payment plans for borrowers, purchasing assets out of bankruptcy and organising corporate financing transactions. The job also involves representing creditors in court and presenting cases to judges and juries
This type of work is usually suited to someone with keen analytical skills and the ability to communicate well with others. The ideal candidate for this job should also have relevant experience in the industry and have up-to-date knowledge of the latest techniques and methods of working within the industry
The typical insolvency agent has a law degree and other qualifications that would be beneficial to this line of work. Good all round literary and numeracy skills are helpful. The average salary for this type of work is around £32,000 per year and it reaches highs of around £52,000.