Insolvency – Creditors Services

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
    • attending the creditors meeting
    • eligibility to vote for the appointment of an insolvency practitioner
    • to submit a claim
    • to receive reports
    • 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 Mark Botwood on (01902) 393007.