Insolvent Debtors

You may learn that one of your customers has, or is about to be made Bankrupt; put into Liquidation; or have an Administrator appointed. That need not be the end of the line for a Creditor, especially a Creditor which has supplied goods to the Debtor. You may wish to get your goods back as they have not been paid for. If you have a valid retention of title clause in your terms and conditions of business, it may be possible to get your goods back. We have the experience to advise you in these circumstances and prepare terms and conditions of business if you do not have any, or the terms you have need, to be reviewed.

Creditors’ Meetings: CVA and IVA Proposals

You may receive papers from an Insolvency Practitioner informing you that one of your Debtors has approached them, with a view to going into Liquidation, or that they wish to enter into a Voluntary Arrangement with their Creditors. You may need legal advice at that important stage.