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.