Pretium Group FAQs – Funding, Lending & Advance
At Pretium Group, we know insolvency practitioners and company directors need clear, reliable information when considering funding solutions. To make things easier, we’ve compiled answers to the most common questions about our three core services: Pretium Funding, Pretium Lending, and Pretium Advance.
Whether you’re exploring litigation funding, short-term loans for Small Business Restructuring, or fast finance to prepare assets for sale, you’ll find straightforward guidance here. Each section is grouped by service, so you can quickly find the answers most relevant to your matter.
If you need more detail, or your question isn’t listed, our team is only a call or email away.
📞 03 9670 3259 ✉️ kovi@pretiumgroup.com.au
Pretium Funding – Extended FAQ
Insolvency practitioners including liquidators, trustees, receivers, and administrators managing claims valued from $200,000 and above are eligible to apply for Pretium Funding.
We provide litigation funding for insolvency-related matters including insolvent trading, breach of directors’ duties, unfair preference and voidable transactions, bankruptcy recoveries, public examinations, and loan account or debt recovery actions.
Pretium covers all out-of-pocket costs associated with pursuing litigation, including expert reports, counsel’s fees, court filing fees, and security for costs. We also indemnify against adverse costs, ensuring the practitioner takes on no financial risk.
We typically fund claims valued from $200,000 and above. Smaller matters may be assessed on a case-by-case basis.
No. Practitioners retain full control of the matter and can work with their preferred legal team. Pretium does not interfere with legal strategy or settlement decisions.
Most funding decisions are made within days, not weeks, once the key details of the claim and supporting documents are provided.
Pretium operates on a transparent and consistent structure: 65% of recoveries go to the estate, 35% to Pretium, after costs are reimbursed.
If the claim is not successful, Pretium bears the financial loss. The estate is not liable for costs or adverse outcomes.
To assess a funding application, we typically require:
- Company or bankruptcy search / evidence of appointment
- Solvency report / statement of affairs / reports to creditors
- Financial statements, tax returns, and bank records
- Accounting records (e.g., MYOB, Xero, QuickBooks)
- Creditor lists and proofs of debt
Pretium covers all out-of-pocket expenses including court filing fees, counsel’s fees, expert reports, discovery costs, and security for costs. We also indemnify against adverse cost orders.
Yes. Practitioners retain the independence to work with their chosen legal advisers. Pretium does not impose law firm selection.
No. The insolvency practitioner retains ultimate decision-making authority on settlement offers and outcomes.
We assess claims based on their legal merit, commercial prospects, the likely cost of proceedings, and the solvency of the defendant. Applications do not require a formal legal opinion before being lodged.
Yes. Pretium funds both corporate insolvency and personal bankruptcy recoveries, including public examinations and related litigation.
Pretium focuses exclusively on insolvency litigation, offering fast decisions, transparent pricing, and nearly two decades of experience. We align with practitioners’ needs and ensure recoveries flow back to creditors.
Unlike general funders, Pretium specialises in insolvency claims. We work at lower claim thresholds ($200K+) and move quickly, understanding the urgency and practicalities faced by practitioners.
Pretium funds all approved litigation costs as they arise, ensuring practitioners are not left carrying unfunded expenses.
Practitioners can apply by submitting details of the claim directly to Pretium. Key documentation should be included to enable fast assessment.
Funding lasts for the duration of the claim, from initial filing to settlement or judgment, and covers all costs incurred during that period.
Yes. We maintain open communication with practitioners to ensure funding continues to meet the needs of the matter throughout its lifecycle.
Pretium Lending – Extended FAQ
Company directors undertaking Small Business Restructuring (SBR) or managing insolvency with an appointed practitioner are eligible to apply for Pretium Lending.
Pretium Lending provides short-term, asset-backed loans starting from approximately $75,000. Loans are designed to meet the specific needs of SBR, with typical repayment terms of 6–12 months.
Loans can be used to pay outstanding employee entitlements to meet SBR eligibility, make lump-sum offers to creditors, cover practitioner fees and capitalised interest, or settle priority debts such as ATO and superannuation.
Most lending decisions are made within a few business days, provided the required documents are supplied. Settlement can occur in line with the restructuring plan.
Loans are typically asset-backed. Security may include a property mortgage, and personal guarantees are usually required from directors. Trust structures are also supported, with trust deeds and related documents required.
Applicants should prepare the following:
- Company details (name, ABN/ACN, activity, address)
- Director and guarantor information
- Two years of financial statements plus recent interim accounts
- Cash flow forecasts or budgets
- Bank statements (past six months)
- List of creditors and debtors with ageing (30/60/90 days)
- Supporting documents such as trust deeds (if applicable), property valuations (if security offered), and insurance details.
Pretium Lending structures costs transparently. Interest rates and fees are determined case-by-case, depending on loan amount, security offered, and risk profile. Practitioners can expect clear terms before committing
Repayment terms are generally between 6–12 months, tailored to align with the completion of the SBR plan. In some cases, terms may be adjusted to suit the restructuring timeline.
Yes. Loans can be repaid early if funds are available, reducing interest costs. Specific conditions will be outlined in the loan agreement.
If repayment is not possible by the due date, Pretium will work with directors and practitioners to explore options, including extensions. However, additional fees and interest may apply, and directors remain liable for repayment.
Pretium works directly with insolvency practitioners to align lending with the restructuring plan, ensuring that funding strengthens creditor negotiations and enables timely plan lodgement.
Unlike banks and traditional lenders, Pretium Lending is designed specifically for insolvency and restructuring. It provides speed, flexibility, and appointment-specific solutions without the delays and restrictions of mainstream finance.
Yes, depending on eligibility and security, additional facilities can be considered. Each loan will be assessed on its merits and alignment with the restructuring plan.
No. Loans are tied to the specific company in SBR or insolvency, not to the practitioner’s firm. This ensures the practitioner’s practice remains protected while supporting the restructuring process.
Pretium Advanced – Extended FAQ
Pretium Advance is available to insolvency practitioners, including trustees, liquidators, and receivers, managing appointments with real assets such as property.
Pretium Advance provides short-term loans under $100,000. For larger matters, we may direct you to other Pretium solutions such as Lending or Funding.
Once the simple two-page application is received, approvals can be completed and funds advanced within 24 hours.
No. Liability is limited to the specific appointment, and no general security is taken over your practice or unrelated assets.
Pretium Advance is designed for costs that directly enhance asset value or protect value before sale, such as urgent repairs, staging, marketing campaigns, insurance, and holding costs.
Loan terms are flexible, typically between 90 and 180 days, with repayment due on completion of the sale or realisation of the asset.
Interest is 2% per month (minimum 90 days). There is also an application fee of $1,499 and a settlement fee of $549.
Repayment is usually structured around asset sale proceeds, with loan duration matching the anticipated sale timeline (90–180 days).
Yes. Loans can be repaid early if the asset is realised sooner than expected. Minimum interest for 90 days applies.
We will work with you to assess options for extension, but directors and practitioners should be aware that fees and interest continue to accrue if repayment is delayed.
No. Liability is tied only to the specific appointment, not your firm or unrelated matters. This protects your practice from broader exposure.
Only core details of the appointment and the funding requirement are needed, supported by valuations, insurance details, and sale plan where available. The application process is deliberately streamlined to two pages.
Yes, in some cases a staged drawdown can be approved, provided the total facility remains under $100K and aligned with the asset’s realisation plan
Traditional lenders are often too slow or require personal guarantees and broad security. Pretium Advance is purpose-built for insolvency appointments: fast, appointment-specific, and limited-risk.
