Introduction

The Insolvent.com web site has been designed in conjunction with the KPMG Corporate Recovery department specifically for insolvency related professionals.

The Internet is now a main-stream medium for conducting business and Insolvent.com allows insolvency professionals to take advantage of the internet to more effectively manage the sale of assets.

This web site differs from others in that it has specific features built in that have been designed especially for the insolvency business.

Features Summary

• Easy and intuitive user interface.


• Data entry of assets is straightforward and self explanatory.


• Automatically generates asset brochures in Adobe pdf format.


• Handles international assets in multiple currencies.


• Flexible pricing model.


• Includes 5 photographs of each asset.


• Supports groups of assets including parent/child assets, assets sold separetly or only sold as part of a group etc.


• User defined roles – you can create your own users and assign them only the functions you wish them to perform.


• Financial reporting of money spent on each asset.


• Asset reporting for audit purposes (Length of time it was advertises, number of times an asset was viewed etc.)


• Automatic email notification when an advert is about to expire.

Entering Assets

Insolvent.com handles three classes of Assets as follows:

• Businesses


• Properties


• Assets

Each of the three categories has a dedicated data entry screen tailored for the asset class. Entering the information is straightforward and intuitive. Up to 5 photographs may be uploaded for each asset thereby adding to its saleability.

Assets may be entered for any location in the world in any currency (If you are the first to enter an asset for a specific location we may have to add it for you).

Audit Reports

It is becoming increasingly necessary within the insolvency business to demonstrate that due diligence has been undertaken both in advertising recovered assets and in achieving the best price for them.

Insolvent.com can assist with this process because an audit report can be run against every asset that give a detailed breakdown including the following:

• The time period over which an asset was advertised.


• The priority/visibility with which the asset was advertised.


• The price paid to advertise the asset.


• How many people viewed the asset online.

Coming soon will be an additional feature whereby interested parties may place sealed bids for an asset. Insolvent.com will be able to track these bids and report on them against each asset – thereby demonstrating the amount of interest and offers received for an asset.

Financial Tracking

It is important for the insolvency professional to be able to track expenditure both in terms of total expenditure and on an asset by asset basis thereby allowing chargeback to each job.

Insovlent.com includes financial tracking reports against individual assets and against all assets thereby giving complete control over spending.

Every time an expense is incurred against an asset, in addition to deducting the expense from the account balance, it is logged into an audit database for data integrity verification.

Advert Visibility

There are three levels of visibility that can be chosen for an advert: High, Medium and Low.

High Visibility adverts will be found by internet search engines thereby giving them maximum exposure. They will also appear at the top of search result lists. Any internet users who subscribe to automatic asset notification will receive details about these assets as soon as they are advertised.

Medium visibility adverts will not be found by internet search engines however will still be sent out in email notifications. These appear below high visibility adverts but above low visibility adverts in search results.

Low visibility adverts will not be found by search engines and do not get sent out in email notifications. These adverts are suitable for assets that will not be sold separately. These will always appear last in search results.

Pricing Model

There is no charge to open an account, all we ask is for a minimum of £500 credit to your account.

Cost per advert varies depending on the visibility you require. Because of the three levels of advert visibility, it is possible to choose how much you wish to pay to advertise an asset, weighed up against what exposure you wish it to receive.

The advert charges range from £100 for a high priority business down to £20 for a low priority asset :

How to open an account

If you wish to try out www.Insolvent.com, simply fill out the online account application form and we will contact you.

The url for the online application form is:

http://www.insolvent.com/mail/apply.php