Member of BTG Global Advisory

National Creditor Services

A free service to maximise your return from insolvent debtors

Each year, thousands of companies and individuals are subject to an insolvency procedure. In turn, this means thousands of insolvency notices are sent to creditors. With a general perception of poor recovery rates, these notices can be overlooked or treated with a degree of apathy. Our service can change that.

The aim of our National Creditor Services Department (NCSD) is to offer a bespoke and personal service to our clients which takes away the headache of managing all the insolvency documentation you receive. We help recover outstanding debts owed to you by insolvent individuals and companies.

How Does It Work?

Once you receive notice of an insolvency procedure as a creditor, all you need to do is simply notify our team. From that point, the team will:

  • Identify the status of the individual or corporate debtor
  • Identify whether an Insolvency Practitioner (IP) has been appointed
  • Review Voluntary Arrangement proposals in order to improve your dividend prospects
  • File proxies and proofs of debt on your behalf
  • Notify you of any potential dividends
  • Collect any dividends on your behalf
  • Provide you with the opportunity to link the process into our Red Flag Alert system to enable financial monitoring of all existing clients

Our Approach

The sooner you advise us about the pending insolvency, the more options we have to maximise the return for you.

As with many business matters, negotiation with a debtor is often a better course of action than combative or enforced legal action. Accordingly, prior to any formal insolvency we can, if required, approach the debtor and establish their financial position and ultimately propose a course of action that will ensure the best result for you. These options could include:

  • Individual Voluntary Arrangement
  • Bankruptcy
  • Partnership Liquidation
  • Partnership Voluntary Agreement
  • Trust Deed (Scotland only)
  • Informal Agreement
  • Creditors Voluntary Liquidation
  • Compulsory Liquidation
  • Members Voluntary Liquidation

Benefits to You

  • Complete outsourcing of the management of bad debts with resultant cost savings
  • Enhanced recovery rates without any extra cost
  • Removes the burden of administering voluminous amounts of insolvency documentation

Why Begbies Traynor?

  • Personal service is our priority
  • We ensure that all our information is regularly updated, giving clients total transparency in relation to their insolvent debts
  • Every client is allocated a dedicated point of contact who proactively manages the relationship
  • We seek to establish mutually beneficial long-term relationships with clients
  • Our services can be tailored to suit your needs
  • We can provide as little or as much input as you require

Fee Structure

With national coverage and specialist expertise, this service is offered to our clients at no charge.

To find out more about Creditor Services or request a call back please contact us.

Contact our team

Processing...
Latest News
York taxi company placed into administration
York taxi company placed into administration
On 25th November 2016, Rob Sadler and Dave Broadbent of Begbies Traynor in York were appointed as joint administrators of Six Five Nine Cars Ltd. The business, which has traded in York for over 15 yea…
40 jobs saved as gaming retailer sold out of administration
40 jobs saved as gaming retailer sold out of administration
Administrators of a South West-based gaming retailer have succeeded in saving 40 jobs at the company after securing the sale of the business, including 12 out of 15 of its High Street stores. Business…
Nearly 100 jobs saved as bars and restaurants are sold out of administration
Nearly 100 jobs saved as bars and restaurants are sold out of administration
Almost 100 jobs have been saved by the successful sale out of administration of a number of Midlands bars and restaurants. Town and Country Inns plc appointed business recovery and rescue specialists …
Begbies Traynor opens new office in Taunton
Begbies Traynor opens new office in Taunton
The UK's leading independent business recovery practice, Begbies Traynor, has opened an office in Taunton.  The move will enable the firm to build on work it has already done in the town and with the…
Brexit uncertainty puts the brake on London businesses
Brexit uncertainty puts the brake on London businesses
New research reveals that British businesses from Land's End to John o' Groats have shown surprising resilience since the EU Referendum result was announced, with levels of financial distress falling…
UK businesses remain resilient in the face of Brexit
UK businesses remain resilient in the face of Brexit
UK businesses across nearly every sector of the economy were showing positive signs of stability following the EU Referendum, new research from Begbies Traynor, the UK’s leading independent insolven…

Advice You Can Trust

Insolvency Practitioners Association Institute of Chartered Accountants in England and Wales R3: Association of Business Recovery Professionals ICAEW Business Advice Service Turnaround Management Association ACCA (the Association of Chartered Certified Accountants) ICAS | The Institute of Chartered Accountants of Scotland
Menu