Unsecured and secured creditors are treated differently in insolvency appointments.
An unsecured creditor does not hold a security interest in relation to a debt they’re owed by a company.
An unsecured creditor does not hold a security interest in relation to a debt they’re owed by a company.
Disclaimer
The enclosed information is of necessity a brief overview and it is not intended that readers should rely wholly on the information contained herein. No warranty express or implied is given in respect of the information provided and accordingly no responsibility is taken by Worrells or any member of the firm for any loss resulting from any error or omission contained within this fact sheet.
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