Creditor Services

Every year several thousands of companies, company owners and directors are involved in a in some sort of formal insolvency process

Despite this, the resultant insolvency notices which are sent to creditors to invite their participation in the process are very often ignored. This is often because of the administrative work involved or the perception that recovery rates are to poor to warrant the participation from valuable member of the team that could be productive elsewhere in the business

One of the major changes implemented by the Insolvency Rules 2016 attempted to encourage creditors to be more engaged in the insolvency process.  After all, it is they who have lost money so they should have a say as to how any investigations are conducted and what the costs of the insolvency will be. 

If you or any of your clients are faced with the insolvency of a customer we can provide advice and support though the insolvency  process.

Creditor Services in Action

Restart BTi’s Creditor Services team has supported many creditors face with insolvent customers and fulfils this valuable role on a day to day basis for a number of well-known UK businesses. You can, therefore, depend on the quality of our service.

At the outset, we will investigate establish the status of the debtor and establish whether or not a licensed insolvency practitioner has been appointed. We can then act as your proxy, filing the relevant forms and dealing with proof of debt for you, saving your time and money and ensuring everything is done accurately and promptly.

Undaunted by difficult conversations, our team can represent clients at any virtual or physical creditors meetings. Over the years we have built have a large support network of creditors and professionals that we can draw upon to seek their support to lend weight to your claim.  No matter what the situation is the team are here to protect your interests,  influence the process, ensure your voice is heard and hopefully maximise any returns.

We take a proactive approach to  monitoring the performance of all your cases. At the heart of our our Creditor Services  provision is Divisi, our secure online portal providing transparent reporting on all of your cases whenever and whenever you need it.

So if you are a business facing the prospect an insolvent customer why not let us represent you?  

The service is offered at no charge, so if you want to improve your dividend prospects and remove the burden of managing insolvency documentation then please contact Paul hughes on 01246 959388 for further information.