Creditors

FK Facades' trade creditors unlikely to receive a penny

Trade creditors of failed FK Facades are unlikely to see a penny of the £13.1m they are owed, administrators have revealed. A progress report by BTG Begbies Tr…

BrewDog creditors owed £190m will not be paid in full, say administrators

There are 'insufficient funds' to pay unpaid wages, tax owed to HMRC and overdue bills, accountants say. Accountants picking over the remains of BrewDog, the "…

Torsion creditors set to lose out on £20m

Torsion Construction collapsed owing £20m to unsecured creditors, according to administrators. The Leeds-headquartered contractor went under in July, blaming c…

Huntington sues 24 R&R companies over more than $12M in debt

Months after Pittsburgh-based R&R Family of Companies collapsed, creditors are still trying to get paid. The post Huntington sues 24 R&R companies over more th…

'Uncertain' outlook for collapsed civils firm's unsecured creditors

Administrators for collapsed Devon contractor Roadform Civil Engineering have warned that any payment to unsecured creditors is now "uncertain". In a progress…

Devonshire Homes' trade creditors unlikely to see a penny of £35m owed

Devonshire Homes owed £35.3m to trade accounts when it collapsed in June - but the supply chain is unlikely to see a penny. Administrators at Alvarez & Marsal…

Curo trade creditors set for £20m hit

Trade and expense creditors of Curo Construction are expected to lose out on just under £20m. Administrators for the contractor, which stopped trading in May b…

Breyer parent company enters creditors' liquidation

Breyer Holdings, the parent company of collapsed contractor Breyer Group, has entered creditors' voluntary liquidation. Dominik Thiel-Czerwinke and Jamie Taylo…

What should you never say when negotiating debt forgiveness with a creditor?

Certain phrases can hurt a settlement deal before it starts, so you should avoid saying these things to creditors.

How long will a creditor try to collect on credit card debt before giving up?

You may think creditors will eventually stop trying to collect on unpaid debt, but the reality is more complicated.

Collapsed civils firm owed more than £2m to trade creditors

Civils and groundworks contractor Agetur (UK) Ltd owed trade creditors more than £2m when it collapsed, according to new documents. A statement of affairs repo…

How much debt do you need before creditors will negotiate?

When it comes to settling debt, the amount you owe matters, but it's just one of the factors in the equation.

Thames Water creditors seek talks with Burnham as nationalisation looms

Consortium preparing for potential legal battle amid reports new PM could put the company into temporary public ownership. The group of investors pursuing a re…

FTX to distribute $900M to creditors in fifth payment round

The FTX Recovery Trust and company have distributed about $10 billion since the exchange filed for bankruptcy in November 2022, leaving users cut off from thei…

Can creditors change their minds after agreeing to forgive a debt?

Before you assume a forgiven debt is settled, there are certain things to understand about the process.

Can creditors put a lien on inherited property if you have unpaid debt?

Have you inherited real estate while carrying debt? Here's what your creditors can and can't do to collect on it.

Thames Water creditors 'will bid for company even if it is nationalised'

Group of 100 investors still discussing £10bn rescue proposal with officials from regulator Ofwat, says report. Business live - latest updates. Thames Water's…

Groundworks specialist's creditors set to lose more than £5m after pre-pack sale

Creditors of Mackoy Groundworks & Civil Engineering are set to lose most of the £5.5m they are owed after the company was sold in a pre-pack administration dea…

Can creditors charge interest on unpaid debts after someone dies?

When it comes to interest, what happens after death depends on the debt, the estate and the settlement timeline.

Can bankruptcy protect your retirement accounts from creditors?

Bankruptcy could shield many retirement assets, but the level of protection it offers depends on the account.

Creditors set to benefit as court green lights Curo administration

Creditors of Curo Construction and its interiors subsidiary could get back 28p in the pound after a judge this morning (17 July) granted an application by the…

Can a creditor freeze your online bank account if you owe money?

Do you owe money to debt collectors but use an online bank? Here's what to know before the problems escalate.

Glazing firm creditors to get just 1p for every pound owed

Unsecured creditors of collapsed glazing contractor Multi Fab are set to receive a paltry dividend after administrators closed out the wind-down of the busines…

What happens to your Social Security if a creditor wins a lawsuit against you?

Losing a debt lawsuit doesn't always mean your Social Security benefits are at risk - but there are exceptions.

How do debt relief companies negotiate settlements with your creditors?

Debt relief could help you pay less than you owe, but the negotiation process for those deals may surprise you.

Out-of-Court Creditor Deals Are Coming to the K-Shaped Debt Market

How long do creditors wait before accepting a debt settlement offer?

Creditors don't always accept settlement offers on your timeline. Here's what drives the timing of their decisions.

Can creditors restart collections after a debt relief program ends?

Finishing a debt relief program doesn't guarantee that creditors are gone for good. Here's what to know.

How fast can creditors garnish your wages after a lawsuit?

Creditors can move quickly after a judgment, so it's important to know the typical wage garnishment timeline.

How the Iran War is Forcing Foreign Creditors to Dump U.S. Bonds

How the Iran War is Forcing Foreign Creditors to Dump U.S. Bonds