Company

Invadco purchases claims against bankrupt companies.

Invadco is an independent company based in Amsterdam. The founders have been engaged in purchasing claims since 1998.

Guaranteed and direct money from bankruptcy

Strategy

The average duration of a bankruptcy in the Netherlands takes about 4 years. In only 4 out of 100 bankruptcies the unsecured creditors may expect a (partial) dividend payment; In 96% of  all companies declared bankrupt, the unsecured creditors do not receive any distribution.

Invadco purchases bankruptcy claims. The company offers the creditors to sell their claim against immediate payment of an agreed purchase price. The purchase price is based on the risks related to the bankruptcy and the expected duration of the bankruptcy.

The founders of Invadco started buying claims in the Fokker Aircraft bankruptcies (since 1998). They have been active in many (Dutch) bankruptcies. Most names are unknown to the public. More well known names are AND, DAF, DSB Bank, Enron, Fokker Aircraft, KPNQwest, Landis, NBBS, Storteboom, Swissair, TXU, Verolme, Verto, Van der Hoop Bankiers.

Invadco has been doing business with (foreign) creditors such as law firms, credit insurance companies, financial institutions, multinationals and other trade creditors. Currently Invadco holds about 700 claims against approximately 100 different bankrupt debtors.

According to article 3:94 of the Dutch Civil Code a claim can be assigned by a deed of assignment and a written notification of the assignment to the debtor (the bankruptcy trustee). Invadco draws up these documents free of charge.

Sellers

Invadco offers creditors of bankrupt companies the opportunity to sell their claim against immediate payment of an agreed purchase price. The purchase price is based on the risks related to the bankruptcy and the expected duration of the bankruptcy. Invadco provides immediate liquidity and certainty to the creditors. After having agreed upon the purchase price, the procedure is as follows:

3

Invadco notifies the bankruptcy trustee about the assignment of the claim. As a result the bankruptcy trustee knows that Invadco has become the new creditor instead of the original creditor.

4

Invadco awaits the winding down of the bankruptcy.

1

Invadco draws up the assignment agreement and sends it to the creditor;

2

After undersigning the agreement by both, Invadco and the creditor, Invadco immediately gives the payment order to its bank to transfer the purchase price.

Together with the assignment of the claim to Invadco, the risks related to the bankruptcy are taken over by Invadco as well. There are no risks involved anymore for the initial creditor.
Invadco speculates on a higher dividend payment by the bankruptcy trustee than the purchase price paid to the initial creditor; if that happens Invadco makes a profit. If less than the purchase price will be paid, the loss will be for the account of Invadco.

Management

Thijs Aardenburg (lawyer, 1968) finished his study Dutch civil law at the University of Amsterdam and specialized in bankruptcy law. Thijs has been active as a distressed debt specialist since 2000 and is founder and managing partner of Invadco since 2006.

nl.linkedin.com/pub/thijs-aardenburg/5/546/a10

Martijn van Beek (lawyer, 1972) finished his study Dutch civil law at the University of Amsterdam and passed the post doctorate education Business Valuation Essentials at the Rotterdam School of Management (Erasmus University). Martijn has been active as a distressed debt specialist since 1998 and is founder and managing partner of Invadco since 2006.

nl.linkedin.com/in/hmvanbeek

Valuation

Are you a holder of a claim against a Dutch bankrupt company and are you interested in a valuation of this claim?
By optionally filling in the form below you will receive a rating of your claim.

Form

Valuation form

You will receive a reply as soon as possible. Off course your personal details will be treated confidentially.

Balances

A winding down of bankruptcy in the Netherlands is a long lasting process. When after several years a bankruptcy can be completed by the bankruptcy trustee, it often occurs that creditors can not be found and are unattainable. The trustee will not be able to pay the creditor and will deposit the balance at the Dutch Ministry of Finance. Balances are saved by the Ministry for 25 years. After that period the balance seizures to the Dutch State. Invadco tracks down missing creditors  – worldwide – and accommodate them in submitting a formal request at the Dutch Ministry of Finance in order to receive the outstanding balance.

Invadco can also assist missing holders of legacies and expropriations.

Are you interested? Please contact us via our contact page. Invadco works on a no-cure-no-pay basis: if we are not able to track down and/or collect a balance, you will not be charged.

Contact

Martijn van Beek
T: +31 20 470 3537
F: +31 20 470 5816
vanbeek@invadco.com

Thijs Aardenburg
T: +31 20 470 3537
F: +31 20 470 5816
aardenburg@invadco.com

Route

 
Office address
Nieuwezijds Voorburgwal 308-C
1012 RV Amsterdam


Mailing address
Postbus 15312
1001 MH Amsterdam
invadco@invadco.com