Owed money (Creditors)

Are you owed money?

This section of the website is designed to give you information on the debt solutions available to debtors and what you can do as a creditor if you wish to take further action to recover the debt owed to you.
The following links have been provided for you to gain further information:

Diligence - this section is designed to give information regarding your ability to impose diligence on a debtor. There are certain times where this will not be appropriate, such as a period of Moratorium.

Debt Arrangement Scheme (DAS) - This scheme is designed to help debtors pay off all of their debt over a longer period of time with all interest, fees and other charges frozen and then written off on the completion of the agreed Debt Payment Programme.

Trust Deed - This is a formal insolvency procedure, meaning that a debtor cannot pay back their debts as they are due. A trust deed is administered by a trustee. It is an arrangement for debtor’s to pay back some of what they owe over a set timescale (usually four years).

Bankruptcy - This is a formal insolvency procedure, meaning that a debtor cannot pay back their debts as they are due. A debtor can apply for their own bankruptcy, or a creditor has the right to take steps to apply for a debtor's bankruptcy if certain criteria is met. This section is designed to give more information to help you make an informed decision when considering applying for a debtor's bankruptcy.