What happens if the debtor business has ceased trading?
In this economy it’s quite common that a creditor will find out that the debtor business has ceased trading. When we hear that we always like to check out the actual position on the ground to see if there are any assets left in the business which could be taken to pay the debt. Of course the creditor will need a judgment first so that means completing an online claim but the term "ceased trading" has not actual legal meaning and we are happy to look at that more closely to see if anything can be done to get you paid.