Vulture funds do not generally receive good press. However, when it comes to doing deals, we prefer to deal with vulture funds as they have no moral hang ups about debt forgiveness, they act commercially and they give fast decisions.
I set out below an example of a deal that we recently agreed with a vulture fund, which illustrates their commerciality and decisiveness.
The core facts were that a debtor owed €443,000 to a bank and €8.3 million to the fund. Both debts were unsecured, meaning...
How a Vulture Fund saved a Family Home
I set out below an example of a deal that we recently agreed with a vulture fund, which illustrates their commerciality and decisiveness.
The core facts were that a debtor owed €443,000 to a bank and €8.3 million to the fund. Both debts were unsecured, meaning...
How a Vulture Fund saved a Family Home