Advice for Creditors

Will you be paid in an insolvency case? What control is there? What can you do to avoid being brought down by someone else?

At Stephens Scown, we understand your concerns, and have answers to these questions and many more.

Our experienced Restructuring and Insolvency team regularly advises on issues including:

• using retention of title, security and guarantees to reduce or avoid the impact a customer or borrower’s failure to pay can have on your business
• practical steps on credit control and credit risk
• your rights and remedies if a customer or borrower enters into an insolvency process
• enforcing security and guarantees
• claims against the personal assets of company directors.

We can also advise you on:

• danger signs to look out for in a customer or client, and practical steps to take in mitigating the associated risks
• creditors’ committees and how to have a voice in insolvency
• creditors’ decision procedures and voting
• ensuring payment if supplying goods or services after commencement of an insolvency process.