Our Creditor Service approach
Creditors often seek specialist support from insolvency practitioners to assist in recovering outstanding debts, resolve disputes and improve their financial outcome – and this is where the Menzies’ Creditor Services team can assist.
We can advise on the best way for you to protect your position when one of your debtors enters, or is approaching, insolvency proceedings. Utilising our extensive experience and expert insights, we work in collaboration with you, drawing upon our industry and insolvency sector knowledge, to improve your financial outcome.
The extent of our team’s experience, and the breadth of our in house capabilities, means that we can act in a variety of cases, from a straightforward single asset bankruptcy or privately owned business liquidation to large, complex cases that may involve detailed forensic investigations, and other international jurisdictions.
Our services to creditors
Our award winning team is able to support and advise creditors and their representatives in the following ways, so you can rest assured that you are in safe hands:
Helping you to understand your rights and removing the administrative burden
We appreciate the complexity of your situation, and so aim to assist and advise you in the most clear, efficient way. We want to remove the burden, and help you feel at ease with our support. We can do this through the following:
- Reviewing and analysing all Insolvency Reports and correspondence;
- Fully explaining the process to you in user friendly terms and keeping you informed throughout; explaining your rights and what is likely to happen;
- Completing and lodging your claim forms, proxy forms and any other necessary documentation;
- Monitoring dividend prospects; and
- Providing you with our expert advice throughout.
Raising finance and financial restructuring
It is possible that a bad debt has led to a cash flow problem within your business and, in this instance, our specialist Turnaround team will be more than happy to assist. The team regularly work with businesses that are facing financial and/or operational under-performance, and their lenders, to provide restructuring solutions which are tailored to the circumstances of the business. They advise on cash flow management, contingency planning, financial projections, business plan preparation or review, restructuring proposals and business reorganisation.
Representation at Creditors’ Meetings
We want to ensure that any concerns you may have, such as the business’ conduct prior to insolvency or the way that the Insolvency Practitioners are handling the insolvency etc, are known and addressed. We are therefore happy to represent you at Creditors’ Meetings; providing you with a detailed report on what was addressed or attending meetings with you to guide, inform and support you.
Retention of Title Claims
If you have supplied goods to a distressed business and they have not been able to pay in full for the goods provided, our team can assist with making a Retention of Title Claim. We will assist you throughout the process, liaising with all third parties on your behalf to either recover the goods or recover the funds owed.
Forensic Investigations
If we believe any financial misconduct has taken place, our specialist in house forensics team can assist. This includes investigations into any fraudulent trading, wrongful trading, unlawful dividends, asset tracing and the recovery of voidable dispositions.
Recovering international debt
Through our membership of HLB International, a dynamic network of worldwide accounting firms and business advisors, servicing clients in over 150 countries, we can collaborate with our global colleagues to assist you in recovery, if you have any overseas debtors.
If you are owed money, we are here to offer help and advice. Use our Creditor Claim Form to get in touch with our experts.
Creditor Claim Form
Submit a formCREDIT AWARD WINNERS
CICM and Menzies Roundtable Discussions
As a corporate partner of the CICM, we regularly hold roundtables with various CICM members. To read the outputs and discussion points of our latest roundtable events, as well as our podcast summary’s, please scroll through our articles below:
Roundtable Discussions
Diversity, Equity, Inclusion and Belonging – What does ‘Good’ look like?
Many firms are now embracing Diversity, Equity, Inclusion and Belonging (DEIB) as a fundamental aspect…
What is on your agenda for building a sustainable future in 2023
The most successful and progressive leaders are endorsing ESG or Environmental, Social and Governance principles…
Thriving in turbulent times
Just as the challenges brought on by the global pandemic began to wane, economic sanctions…
In the big cash squeeze, will the bold be favoured?
Many businesses are making preparations for a big cash squeeze in 2023 due to several…
Office life: it’s a case of back to reality
When the pandemic hit in early 2020, it felt like the world of work had…
Testing times for credit managers
Covid-19 has brought about many challenges, few managers would disagree. It is extremely difficult for…
CICM Podcasts
Creditors’ Voluntary Liquidation: can a company really go into liquidation within a few days?
Our latest podcast was hosted for CICM (Chartered Institute of Credit Management), with Giuseppe Parla,…
Podcast: Deep dive into statistics and what to expect from 2023
This podcast was hosted for CICM (Chartered Institute of Credit Management), with Giuseppe Parla, Director,…
Podcast: When will I Get Paid?
This podcast was hosted for CICM (Chartered Institute of Credit Management), featuring Giuseppe Parla, Business…
Podcast: Trading with a familiar face
As a corporate partner to the Chartered Institute of Credit Management, Business recovery professionals Bethan…
Podcast: Insolvency: Past, Present and What’s to come
As a corporate partner to the Chartered Institute of Credit Management, Business recovery professionals Giuseppe…
Brighter Thinking Podcast Series
Creditors’ Voluntary Liquidation: can a company really go into liquidation within a few days?
Our latest podcast was hosted for CICM (Chartered Institute of Credit Management), with Giuseppe Parla,…
Podcast: How to Avoid an Aging Ledger – The Tips and Tricks of Credit Control
In this podcast, Giuseppe Parla, Business Recovery Director, Orla Lynch, Senior Credit Controller, and Richard…
Podcast: Trading with a familiar face
As a corporate partner to the Chartered Institute of Credit Management, Business recovery professionals Bethan…
Podcast: How to ride the post-lockdown wave?
As a corporate partner to the Chartered Institute of Credit Management, we recently recorded our…
Podcast: Long Live the CVA?
In our latest business recovery podcast, the Menzies Creditor Services team discuss the future of the Company…
Podcast: Increasing debt and rising fraud
In our latest podcast, our forensic and insolvency experts discuss how increasing debt and excessive…
Podcast: When will I Get Paid?
This podcast was hosted for CICM (Chartered Institute of Credit Management), featuring Giuseppe Parla, Business…