Using Insolvency Proceedings for Debt Recovery - Key Strategies, Procedures & Pitfalls

Introduction

With businesses facing ongoing economic pressures, recovering outstanding debts efficiently has become a critical priority for creditors. Traditional debt recovery routes can be time-consuming and may allow debtors further opportunities to delay payment.

Increasingly, creditors are turning to insolvency proceedings as a powerful tool within their debt recovery strategy. This approach can provide an effective route to securing payment while applying additional pressure where conventional enforcement methods may prove ineffective.

This webinar will equip you with the practical knowledge needed to use insolvency procedures effectively in debt recovery actions. It will also be invaluable for litigators seeking to improve their approach to enforcement, recognising that obtaining judgment is only one part of achieving a successful outcome.

The webinar will provide a practical overview of the key issues involved, supported by the latest case law and statutory developments, ensuring you are up to date with the current legal landscape and confident in advising creditors on insolvency-based recovery strategies.

What You Will Learn

The webinar will cover the following:

• When insolvency proceedings are an appropriate debt recovery tool and when alternative enforcement routes may be more effective, including the latest legal and commercial considerations
• Statutory demands - key legal requirements, practical steps and common issues creditors need to understand
• Challenging a statutory demand - how to respond to applications to set aside or restrain its use
• The ‘twilight period’ between issuing insolvency proceedings and the hearing - potential risks, creditor considerations and the impact on recovery prospects
• Bankruptcy and compulsory winding-up orders - what they mean in practice for creditors seeking to recover outstanding debts