Being on the receiving end of someone’s financial problems is no joke, it can give you sleepless nights or worse, affect your own cash flow.
Partner & Deputy Head of Civil & Commercial Litigation
If you are a creditor we can advise you on bad debt issues when a debtor (company or individual) is not paying on time or who is about to face or is subject to insolvency proceedings.
Often it is not always easy to understand the formal insolvency processes but we have the experience of advising creditors on the best way forward in respect of the outstanding debt and are able to liaise with the IP if one is involved to assist to ensure you make the best possible recovery. We can report to you periodically on the insolvency process which will give you peace of mind and a clear indication of whether a recovery will be made. This service can on occasion be provided at no cost to you.
At McMillan Williams we understand that creditors often need specialist advice too. Creditors often think that when a debtor enters into insolvency they will not make a recovery, but this is not always the case, particularly if you act quickly.
We Can Help
If you are worried that one of your debtors has gone bad, entered into formal Insolvency proceeding or would just like to get some creditor advice, don’t delay, call us today on 020 3551 8500 or email us at email@example.com