Are you faced with difficulties as a result of a customer or client not having met with a payment? Or do you have concerns that a customer or client is facing financial difficulty? In these situations, action should be taken at the earliest opportunity in order to minimise the risk faced by you. Dunion & Co. can provide advice as to your options, assisting with correspondence where required. In addition we can provide advice as to whether or not you are likely to recover if a company enters into a formal insolvency procedure such as liquidation, administration or company voluntary arrangement (CVA).
Insolvency – What Next?
Becoming involved in a formal insolvency process can be time consuming and stressful, especially if for the first time. The team at Dunion & Co. can provide you with support and advice when dealing with the insolvency of customers. We can guide you through the various insolvency procedures your customers may face, providing specific assistance with the following:
- Attending meetings of creditors on your behalf to ensure full disclosure of facts, that matters requiring investigation are notified for action and that the directors are asked the correct questions.
- Assisting with reviewing and amending CVA and Administration proposals to ensure you get the best outcome as a creditor.
- Completing proof of debt and proxy forms.
- We can also advise on retention of title claims, liens, distraint by landlords and other remedies to ensure that your potential recoveries are maximised.
Any creditor who has any concerns as to whether or not they should take action to try and recover their debt should seek advice from us in the first instance. Contact us today by calling 01782 828733 or e-mailing us on firstname.lastname@example.org.