Support for creditors

So often we come across creditors who are owed money from companies who have gone into liquidation or from individuals who are bankrupt.

We have helped hundreds of Company directors and business owners who have needed assistance in communicating with the Liquidators of Companies or Trustees in bankruptcy to express their interest in the case.

We help with recovering outstanding debts, resolve disputes and improve your financial outcome by advising you on the best way to protect your position when one of your debtors enters, or is approaching, insolvency proceedings. Using our expertise and experience, we work in collaboration with you to make sure that we improve your financial outcome.

The extent of our experience means that we can act in a variety of cases, from a straightforward single asset bankruptcy or owner managed liquidation to large, complex cases that may involve detailed forensic investigations, and other legislative matters.

Support for creditors  

We support and advise creditors and their representatives in the following ways.

• Help with understanding your rights and dealing with all the administrative matters.
• Our aim is to assist and advise you in the most clear, efficient way. We want to remove the burden, and help you feel at ease with our support.

• Reviewing and analysing all Insolvency Reports and correspondence in any type of case.
• Provide you with clear and concise advice so that you fully understand the process.
• Regularly correspond with you explaining your rights and what is likely to happen.
• Completing and lodging your claim forms and any other necessary documentation.
• Ensure that the case is being handles efficiently and moving along quickly.
• Monitoring distributions to creditors.
• Holding your hand throughout the process.

Raising finance and restructuring

When a bad debt arises, and it becomes difficult to get your debtors to pay amounts outstanding in a timely manner it can create cash flow problem within your business.

If this is the case, then we have long standing relationships with various financial institutions and private investors who would be willing to help in any given circumstances. We deal daily with businesses who are experiencing financial or other pressures such as under-performance, lenders requesting cash flow forecast sand projections, to provide advice and solutions which would be tailored to your business.

We can help with cash flow management, planning for contingency, financial projections, business planning, proposals to your bank and business restructuring.

Representation and advice

We will always make sure that all your concerns, such as the business’ conduct prior to insolvency or the way that the Insolvency Practitioners are handling the insolvency are addressed with the utmost sensitivity. We will represent you dealing with the Insolvency Practitioners and provide you with a detailed report on all ongoing matters and support you all the way.

Retention of Title Claims ( ROT)

If you have supplied goods to a distressed business and they have not been able to pay in full for the goods provided, we can help with making a ROT Claim. We will assist you throughout the process, liaising with all third parties on your behalf to either recover the goods or recover the monies owed.

Investigations

If there is any indication that some form of financial misconduct has taken place by the directors of the company, then we will help in analysing the finances of the company in question and forensically help in finding solution to your advantage. We can help with investigations around any fraudulent trading, wrongful trading, unlawful dividends, asset tracing, mis appropriation of funds and the recovery of voidable dispositions.

Next Steps

If you want to find out anything further about this topic then please feel free to call me on 0330 236 9930, 0330 236 9938 or 07961 116321. All conversations will be in strict confidence. You can also email me vee@navigatebr.com

This article is for information and interest only. It is not a substitute for full professional advice, which will take in to account the specific and individual circumstances. Navigate Business Recovery Limited cannot accept any responsibility for any loss arising as a result of any person or organisation acting or refraining from acting on any information.