Dealing with Creditors When A Business is in Distress

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Dealing with creditors (particularly pressing) when a business is in distress isn’t something that any management team enjoys.

It is always uncomfortable dealing with people with whom a good relationship existed previously and if done incorrectly, you risk hostility and the possibility that unhappy creditors make take steps to create unnecessary disruption to the business when there are alternatives that can be explored.

Turnaround practitioners specialise in helping companies in distressed situations and are experienced in dealing with all types of creditors who often want different outcomes and have differing priorities and give the management team reassurance and guidance on what steps to take with confidence.

Professional involvement from a turnaround professional can also give confidence to weary, frustrated creditors and having experienced, independent and objective advisers will greatly increase the chances of a successful collaboration and outcome.

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Our promise to our clients:

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