Professional representation for you or your
client at Creditors' Meetings.
We will attend Creditors Meetings anywhere in the UK on behalf of you or your clients, free of charge.
The benefits:
It can,
- Enhance the chances of recovery at no cost,
- Ensure that all the relevant facts, that haven’t been revealed, are brought to the attention of the meeting.
- Modify proposals for a compromise of debt
- Remove the administrative burden of dealing with an insolvency.
Our approach:
- We will take the opportunity to establish, at an early opportunity, the likelihood of a dividend being payable to unsecured creditors.
- We will provide a reporting option that meets your requirements.
- You can have confidence that we will proactively monitor dividend prospects and ensure that vital deadlines are met.
The purpose of the Creditors Meeting depends on the type of insolvency. The procedures involved can include the following:
Bankruptcy
Where Creditors appoint a trustee and a committee to oversee the Trustees’ actions.
Liquidation
Where creditors appoint a Liquidator and a Committee to oversee the Liquidator’s actions.
Voluntary Arrangements
Where creditors vote on whether or not to accept proposals for a compromise of the customer’s debt.
Administrative Receivership
Where the Receiver presents a report on the conduct of the receivership and advises creditors of dividend prospects. The meeting can establish a Creditors’ Committee to oversee the Receivers actions.
Administration
Where the administrator sets out proposals for dealing with the affairs of the company and where the creditors decide whether or no to accept, with or without, modifications. The Creditors Meeting may also establish a Creditors’ Committee to oversee the Administrators actions.
What Next?
If you receive a notice of a meeting, telephone our Creditor Services Manager or any Partner. We will assist you with the completion of the documentation and arrange to attend the meeting either with you or on your behalf.
