CEDR Mediator Nick Pearson discusses an insolvency case he was involved with.
Audio Contents:
00:00 - Mediation is successful in this field because insolvency practitioners, office holders, liquidators and the like - they don't want to go to court.
00:38 - Insolvency practitioners are very sceptical by nature, but they are also flexible and open minded.
00:52 - Directors being sued for preferential payments and misfeasance.
01:07 - Director hadn't give a reason as to why he wasn't going to be liable financially
01:22 - The mediator tells the director you have to explain yourself and he produces a lot of new material that hasn't been seen before.
02:02 - The director provides evidence showing his inability to pay.
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