Even when you have tried to do everything to protect your business sometimes the unexpected happens and a customer owing you money goes into liquidation or enters into some other form of insolvency procedure. We understand what a difficult, stressful and frustrating time this can be especially if it is likely to affect the viability of your own business. We can therefore advise you of the following:
- The implications to you of the insolvency
- Your rights in the insolvency including
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- attending the creditors meeting
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- eligibility to vote for the appointment of an insolvency practitioner
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- to submit a claim
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- to receive reports
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- to be appointed on the creditors committee
- The prospects of recovering your claim
- Your security including exercising a retention of title claim
- The considerations of continuing to supply a troubled company
For more information please telephone Adrian Simcox on (01902) 393007.