Secured Creditor Appointments

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Secured Creditor Appointments

Having security is useless unless you know how and when to enforce your rights

We say that you recover money when you lend it.

Secured creditors have a range of different rights and opportunities compared to unsecured creditors and now, with the introduction of the Personal Property Securities Register, there should be no excuse for any secured creditor to be surprised by a recalcitrant debtor.

In each and every case where we act for the secured creditor, we provide advice on the circumstances of the file using our 8Cs framework:

  • Core
  • Costings
  • Cashflow
  • Character
  • Credibility
  • Collateral
  • Communication
  • Closure

And then we develop a clear plan for the recovery of the secured creditor’s funds, taking into account factors such as employee creditors with a statutory priority.

We accept a range of appointments from secured creditors, whether large banks, boutique financiers or private lenders, including:

  • Pre-lending due diligence investigations
  • Investigating accountant engagements for underperforming files
  • Periodical reviews of major loans
  • Appointments as Receiver, Receiver and Manager or as Controllers
  • Appointments as Agent for the Mortgagee in Possession

Capabilities

Insolvency is a highly specialised area of accounting and, practically, is close to a hybrid profession between commercial law and management consulting. The truth is that there is very little “number crunching” in insolvency work and lots of investigative research and asset recovery work.

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Case Studies

Our client was a secured creditor to a solar panel retailer and installer operating in 3 States. Whilst our client had a nominee Director sitting on the Board of the Company, the information available was late, inaccurate and focussed on the wrong metrics.

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Any more questions?
Feel free to contact us on +03 9670 0080

We know that bad news never gets better with time. The simple truth is that businesses fail and then they die. That means that in each and every case, there’s a window of time when the damage can be minimised. That’s why it’s important to act early – but that doesn’t mean rushing in blindly.

Our Details

BPS Reconstruction | Insolvency & Recovery Specialists | Level 5, 350 Collins Street MELBOURNE VIC 3000
Phone: 03 9670 0080 | Fax: 03 9670 0080 | Email: info@bpsreconstruction.com.au
GST-Number: 56473643

Located in  Melbourne, the firm of BPS Reconstruction represents clients throughout Australia, including, but not limited to the cities of …..

DISCLAIMER

The information contained in this website is for general information purposes only. The information is provided by BPS Reconstruction & Recovery and while we endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk.

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