Guide

Owed money from a bankrupt or a company in liquidation

Introduction

This guide is aimed at businesses who are owed money by an individual in bankruptcy or company in compulsory liquidation.

It explains creditors' meetings, appointing a creditors' or liquidation committee, voting rules at meetings, and the role of The Insolvency Service.

You will find information on payment for the trustee/liquidator handling the case and what happens when the Official Receiver (OR) or an insolvency practitioner has completed their responsibilities.