National Creditor Services

Bespoke, tailored services for creditors and potential litigants, plus practical advice for individuals and companies in distress.

Creditors' bad debts

Unfortunately many creditors incur bad debts, either through the business failure or insolvent state of an individual customer, and often due to existing customers becoming unresponsive to debt settlement demands. As a creditor, this can have an adverse impact on the performance of your own business, using up valuable time trying to manage these bad debts.

Armstrong Watson’s National Creditor Services team can take away the headache and worry caused by these debts, whilst at the same time saving you significant amounts of money, acting on your behalf and providing clarity on the most appropriate way of dealing with each individual case and maximising dividend prospects.

Owed money by an individual declared bankrupt or a business that has stopped trading?

It is not uncommon to receive insolvency notices informing you that your debtor has entered into an insolvency procedure. These notices are often overlooked and treated with a degree of apathy as you may assume that there will be little or no money due back to the creditor, however, this is not always the case and our free creditor services can change that.

Our team advises creditors throughout the UK, offering a bespoke, individual service, from complete outsourcing, to support on specific aspects of the management of bad debts.

Our free services include:

  • Review and filter of all insolvency related post
  • Identifying the current status of a debtor and confirmation if an Insolvency Practitioner has been appointed
  • Review and advise on any Voluntary Arrangements (IVA, CVA) proposals you receive in order to improve your dividend prospects
  • Lodge proof and proxies on your behalf and assistance with the Decision-Making Process ‘DMP’ (formally creditors meetings)
  • Communication throughout from a dedicated contact from our team, who will provide notifications of recoverable assets and reports on dividends prospects
  • A free insolvency advice line and full insolvency training

Read more about our free creditor services by downloading our ‘Introducing Armstrong Watson’s National Creditor Services team’ brochure

NATIONAL Creditor Services brochure

 

Is your debtor unresponsive to demands for payment?

Sadly, not all business or individuals settle their debts on time and communication can break down, resulting in payment being avoided or ignored altogether, and potentially a devastating impact on your businesses and a personal impact on you as business owner. 

There are several ways of trying to recover a debt, from letters demanding payment, to obtaining a county court judgement (CCJ), using collection agencies and Bailiffs. However, these methods can be very stressful, costly and time consuming and risk having minimal effect, especially on larger debts, therefore Bankruptcy petitions can be the most effective means of eliciting a positive response from a debtor and can result in them prioritising your debt and making a full payment.

We have partnered with a trusted law firm and devised a three-step process to provide our clients with clarity and access to bankruptcy petitions with no up-front costs and, in most cases, with no cost to our creditor client at all.

Read more about how this service could work for you by downloading our ‘Practical guide to debt recovery’ brochure

Practical guide to debt recovery brochure

Unable to pay the debts you or your business owes?

We understand that there can be issues with finances and cashflows at any time despite your best efforts. Difficult trading conditions, bad debts, significant changes in marketplaces and even divorce are just some of the issues that can negatively affect your ability to repay your creditors.

Armstrong Watson’s Restructuring and Insolvency team, together with Creditor Services, specialises in all aspects of insolvency and offer clear and concise advice to businesses or individuals in distress.

Services to individuals include

  • Personal Insolvency
  • Individual Voluntary Arrangements
  • Bankruptcy

Services to corporate entities include

Get in touch for specialist, confidential help and advice

David Hush

David Hush

  Director of Creditor Services

  0113 2211 391

Get in touch with our team

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Latest news

Catch up with the latest news and insights from our creditor services, restructuring & Insolvency team
 

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Client stories

Learn more about how we have helped individuals and businesses recover debts, and businesses in distress

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