INSOLVENCY & LAW
Debtor’s Guide to Debtor Representation
Business rescue . Debt recovery . Insolvency support
We provide advice to rescue company directors and other individuals in financial distress.
Debtor Representation is an informal procedure conducted on our clients' behalf and under their instructions. Creditors are approached in an attempt to negotiate deals to delay or reduce the amount you (the debtor) owes.
This is done without you having to enter a formal insolvency process such as a voluntary arrangement (VA).
Do you need Debtor Representation?
You probably need Debtor Representation if you're under duress from creditors. Do you receive harassing:
- Telephone calls
- Emails
- Letters
- Formal demands
- Threats of bailiff or court action?
Difficulties building your business?
Are you experiencing difficulties in building your business because of undue pressure from:
- HM Revenue and Customs (HMRC)
- Your bank
- Suppliers
- Other creditors?
Worse still, have you been threatened with either a:
Get In Touch
Complete our form and one of our experts will contact you to discuss your issue.
Contact us today if the answer is "Yes"
We sympathise and understand how you may feel. Creditors can be stressful but our experience and expertise can help placate them.
Let us keep creditors at bay while you continue managing your business and finances. I&L can engage them directly to:
- Represent your interests
- Negotiate new arrangements to settle old debts
Call 0207 504 1300 for help with Debtor Representation
Placate your creditors
We'll take some of the pressure away by sensitively and skilfully conferring with your most threatening and troublesome creditors, including HMRC. We can:
- Explain that your company is insolvent
- Coordinate a new agreement to pay its debts over 6 or 12 months.
Most sensible creditors will agree if the offer is appropriately tempered. The alternative is a formal insolvency procedure, which involves more creditors and pays out less money, usually over a longer period (up to 5 years).
It's certainly not the end of your business, or indeed your livelihood if you're served with a winding-up petition. You simply need expert 3rd-party support (Debtor Representation) during difficult times.
Discuss your situation in confidence
Financial distress is rarely straightforward, and delay often increases risk.
If you are a creditor, investor, or director affected by insolvency, speaking to an experienced insolvency expert can help clarify where you stand and what may follow.
Contact our team at Insolvency & Law to book a confidential consultation now