Financial distress in a business is often difficult to detect until it’s too late. For landlords, service providers and businesses with large supply chains, the risk of unpaid debts can be significant.

Any organisation that offers credit terms faces exposure if a customer defaults, enters administration or becomes insolvent.

At Madgwicks, we take a proactive approach to creditor protection and strengthen your contractual arrangements to safeguard against losses, including:

• Terms of trade that enhance collection rights.
• Retention of title clauses ensuring ownership of goods remains with you until full payment is received.
• Personal Property Securities Register (PPSR) compliance protecting goods you sell or lease.

These measures are proven strategies to reduce risk and improve recovery.

For secured creditors, our Dispute Resolution & Litigation team assists with:

• pursuing assets and guarantors
• resolving priority disputes with other creditors
• enforcing contracts and accelerating payments after default
• advising landlords on insolvent tenants, including eviction proceedings