Credit managers very often adopt a negative approach when faced with the failure of a customer. It’s true that, when insolvency hits, debts are rarely paid in full. Dividends in liquidations and bankruptcies are notoriously low, with unsecured creditors at the back of a queue that may be very long.
We at Burton Sweet Corporate Recovery believe that returns can be enhanced where creditors take a pro-active stance. Our service, which is normally free of charge, lifts much of the administrative burden of insolvency procedures, ensuring that claims are lodged promptly.
Where appropriate we will attend creditors’ meetings and represent you on creditor committees. We will establish, at an early stage, what the dividend prospects are, and provide a reporting system tailored to your requirements, all with a view to minimising your burden and involvement.
For more details of our services for credit managers, click here