Insolvency
Don't get ripped off by greedy liquidators
Creditors with registered security interests (typically a PMSI from retention of title) still get ripped off daily. The major flaw in the PPS legislation is that while you have 'super priority' trumping even bank security, the onus is on you to enforce your rights. That entails expensive lawyers. Liquidators know very well most creditors wont 'throw good money after bad'. So they often bluff & stall their way to keep your goods, denying you your statutory rights of recovery or priority.
Creditors are also often distressed by unfair preference demands by Liquidators. We review those demands and assess their validity and, if valid, implement defence strategies or negotiate discounted settlements. If invalid, we engage the Liquidator with reasoned and detailed argument rejecting their claims.