You are a creditor if you have loaned money, provided goods or services to a company or an individual but you haven’t been paid.

When a company or an individual owes you money, you are a creditor. There are different types of creditors – secured creditors with a fixed charge, preferential creditors, secured creditors with a floating charge, and unsecured creditors.

Most companies or individuals become unsecured creditors when a company or an individual they have done business with has become insolvent and cannot pay for the goods, services or loans. The news often comes in a letter and you may be asked to complete a proof of debt. After that, it usually involves many months of waiting without knowing what actually happens.

Berley’s insolvency creditor services

Having an experienced and licenced insolvency practitioner on your side can help you navigate through the complex rules and procedures involved with this process and ensure that you are represented effectively during negotiations.

At Berley, we can assist you with:

  • Lodging proof of debt
  • Attending meetings
  • Attending court sessions
  • Negotiating for a better outcome

We will also update you regularly with a report outlining the prospects of recovering money in certain areas and the process we will undertake.
This means that you are completely up-to-date with where we are and the progress of your claim. In addition, we know how crucial it is to move quickly with proceedings so we will push forward the process as fast as possible.

Benefits of using Berley’s insolvency creditor services

With us working alongside you, you stand a better chance at recovering your money by paying an agreed fee with no hidden charges. You will also be free from any administrative burden when you outsource the creditor service to us.

To find out more about Berley’s insolvency creditor services and how we can help you to recover more or all of your outstanding debts, contact our expert team today on 020 7636 9094 for a FREE consultation. Alternatively, you can email us on info@berley.co.uk or complete our Online Enquiry and we’ll be in touch with your shortly.