Our Creditor Services 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, expert insights, and insolvency sector knowledge, we work in collaboration with you 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
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
- Providing you with our expert advice throughout
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 discussed or attending meetings with you to guide, inform and support you.
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.
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 restructuring advisory 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 financial and other stakeholders, 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.
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.
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.
Creditor Claim Form
If you are owed money by a company or an individual, we are here to offer help and advice. Use our creditor claim form to get in touch with our experts.
Why Choose Menzies?
Our award-winning team can support and advise creditors and their representatives in the following ways, so you can rest assured that you are in safe hands.
We’re here to help you understand your rights and to remove the administrative burden.
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.
Discover more of our useful resources:
In collaboration with the Chartered Institute of Credit Management (CICM), we have created this guide that demonstrates some situations you may face concerning insolvency and will help you choose the correct decisions.
Our Insights
What happens if I can’t pay my…
Occasionally, no matter how well you think you might have planned, a tax bill can…
UK Insolvency Trends 2025: Key Considerations for…
As UK insolvencies remain high in early 2025, credit managers face an increasingly complex economic…
Trading on whilst insolvent | Wrongful trading
What is it and why should directors be concerned? Directors have a fiduciary duty to…
Creditors’ Voluntary Liquidation: can a company really…
Our latest podcast was hosted for CICM (Chartered Institute of Credit Management), with Giuseppe Parla,…
Understanding Bankruptcy: Key Insights for Individuals Facing…
Navigating financial difficulties can be overwhelming, and when debts become unmanageable, bankruptcy may seem like…
Our Creditor Podcasts
The art of being an IP
Join Alexandra Davies, Senior Manager at Menzies, Giuseppe Parla, Director and Licensed Insolvency Practitioner at…
Creditors’ Voluntary Liquidation: can a company really…
Our latest podcast was hosted for CICM (Chartered Institute of Credit Management), with Giuseppe Parla,…
Podcast: How to Avoid an Aging Ledger…
In this podcast, Giuseppe Parla, Business Recovery Director, Orla Lynch, Senior Credit Controller, and Richard…
Podcast: Shining a light on energy company…
Insolvency practitioners, John Cullen and Rachel Lai are joined with Business Recovery colleagues Alexandra Davies…
Podcast: MVLs: How can they work for…
Jonathan Bass, Business Recovery Partner, alongside Business Recovery Manager Jess Le and Tax Partner, Stephen…
Podcast: Insolvency: Past, Present and What’s to…
As a corporate partner to the Chartered Institute of Credit Management, Business recovery professionals Giuseppe…
