From the circumstances you were describing I'm surprised you were even offered 70%, as it sounds like there was a significant risk those invoices would not get

From the circumstances you were describing I'm surprised you were even offered 70%, as it sounds like there was a significant risk those invoices would not get paid. The 95% (or there abouts) is for invoices that will almost certainly be paid on time. Defaulting debts are often sold for cents on the dollar.