Advice for Creditors

What our restructuring and insolvency lawyers do

If you are a creditor of a business, we can provide you with a specialist legal service designed to deal with the aftermath of business failure.

We recognise that becoming a creditor when a business goes under can be bewildering and time consuming.   

What they say

"Great advice and great service"

Restructuring and Insolvency client

From start to finish, we will support you throughout this process, helping you navigate the complex maze of rules and procedures that comes with any formal insolvency.  Our objective of course, to maximise your recovery.

Our comprehensive range of legal services and support for creditors includes:

  • Defence of creditors facing a challenge by a liquidator, administrator or trustee in bankruptcy for the return of monies received by the creditor

  • Proof of debt submissions and addressing challenges to them

  • Assessment of office holders’ proposals

  • Attendance at creditor’s meeting

  • Engagement with the office holders in correspondence

  • Assertion of landlord claims

  • Advice on retention of title claims

How our restructuring and insolvency lawyers work

Whether by helping you to submit and assert your claim, by engaging on your behalf with the liquidator, administrators and/or trustee in bankruptcy to get answers, or by challenging the level of other creditor claims, we can help.

Our service will be tailored to meet your precise requirements, from completing a simple proof of debt form to defending you against challenges made by a liquidator, administrator or trustee in bankruptcy.

We can attend any meeting on your behalf to put forward any matter you want the office holder or other creditors to be aware of (such as misconduct of the directors), and raise important questions at the meeting.

We will engage with the office holders in correspondence on any basis, whether to assert a landlord claim, a retention of title claim, or perhaps to help the office holder investigate alleged wrong-doing by directors.

When defending creditors who are facing a challenge for the return of monies, we will provide a swift appraisal of the claim, set a clear strategy for bringing it to a conclusion as soon as possible, and then engage with the office holder to that end.

 

Click here to read more about our other restructuring and insolvency services.

How we've helped

We acted for a landlord owed money by a large failed sportswear company in a voluntary arrangement. We helped them to formulate their proof of debt claim for arrears and dilapidations by reference to a complex set of criteria set down by the supervisor.

 

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