Creditors, such as bank depositors and investors, who are exposed in the failure of their financial institution often go astray in lengthy and opaque procedures. Limited knowledge of the very risk factors in banking – bank failure can lead to bank liquidation – potentially triggers unexpected heavy losses for these creditors. To ensure a swift resolution and prevent mistakes leading to further misfortune, Legal Floris LLC guides regular bank customers and investors through the recovery processes.

The liquidation of a bank is the result of insolvency or other regulatory violations. Especially the latter is difficult to fathom because the closure of the bank due to non-financial violations most often comes unexpected. Creditors are surprised by the scope and impact of regulatory intervention whilst fearing a write down of their investment. The business model of financial institutions allows for only limited availability of liquidity for distribution to creditors which can result in a downgrade of the possible recovery rate. Legal Floris LLC helps bank customers to comply with the administrative requirements to qualify for several stages in the fund recovery process.

Due to the complexity of current bank failures, bank liquidation follows specific procedures. The global reach of the financial industry also triggers different legal systems and regulatory frameworks. The result is that creditors must follow the guidelines precisely to avoid missing crucial stages in the recovery process. Creditors must consider all steps in such processes to ensure maximum compensation when in traditional bank liquidation second chances for payouts are ruled out.

Legal Floris LLC specializes in asset and fund recovery services for creditors in bank failures and investment fraud, and victims of other types of financial fraud. More information about Legal Floris LLC is available here. To speak direct with a representative, please complete the contact form on the contact page of this website, or use any of the telephone numbers in the sidebar.