If you are a creditor of an insolvent company or a bankruptcy, Oliver Elliot can provide help on how to fill in a Proof of Debt form and concerns arising from the insolvency.
Creditor forms to enable you to claim as a creditor in an insolvency and convene decisions such as removal of an Insolvency Practitioner
How To Fill In A Proof Of Debt Form
In order for creditors to fill in a Proof of Debt form, have a look at the example that has been completed in red in the following Proof of Debt form which is explained below:
Box 1 – This is your business name. Note that you are called the ‘creditor’.
Box 2 – This is your business address.
Box 3 – This is the total amount you are owed.
Box 4 – List any un-capitalised interest on the claim. This is rare and you will only have this if you had an agreement to charge interest. If no interest write ‘Nil’ or leave blank as done in the example.
Box 5 – Give details of how the debt was incurred.
Box 6 – List details of any security held against the debt. An example might be a mortgage if you are a bank.
Box 7 – Give details of any ROT – reservation of title.
Box 8 – List any supporting documents you have. For example copy sales invoices – anything to back up the claim.
Box 9 – Your signature if you are authorised to sign this or perhaps an internal accountant or director.
Box 10 – This is for the name of who signed the form.
Box 11 – This is for their position in the company.
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Disclaimer: How To Fill In A Proof of Debt
This page: How To Fill In A Proof of Debt is not legal advice and should not be relied upon as such. This article How To Fill In A Proof of Debt is provided for information purposes only. You can Contact Us on the specific facts of your case to obtain relevant advice via a Free Initial Consultation.