Who We Help

Creditors

When monies are owed, you're impacted. It's our job to lessen the blow.

Finding out you are owed money and the other party can’t meet that obligation is frustrating and worse still, could impact your business. We look out for creditors who have been impacted by insolvency, positively working through the process to recover what we can, to help you get on with your business.

How we can help

We appreciate and feel for creditors when money owed is lost/at risk, often provided with substantial-good faith. We know how to enable creditors, secured and unsecured, the best and commercially sound path to recovery—of funds due.

I have no hesitation in recommending Worrells. I recently had the misfortune to be a creditor in a matter which became increasingly difficult due to several challenging legal issues. Dane and the team at Worrells continued when others would have taken the easy way out.

PETRIA PADELLA
Creditor

FAQs

Some questions you may like answered

If you are owed money by a company or person, you are a creditor. A creditor might be owed money by a company for supplying goods or services, loans. Or you can be a creditor when you're an employee and there's unpaid wages and entitlements owing to you.

A secured creditor holds a security interest, such as a mortgage, in some or all the company’s assets, to secure a debt they are owed by a company. For example, lenders might require a security interest in company assets when they provide a loan.

An unsecured creditor does not hold a security interest in relation to a debt they’re owed by a company. However some some types of employees ( as creditors) take priority in insolvency administrations to certain limits and conditions.

A secured creditor can take action to protect, collect and sell some or all the company’s assets. This is done for the company to repay debts owed to the secured creditor. Go to our receivership page to learn more.

We're here to help

We speak with people and their advisors every day. We do this as complimentary and without expectation.

Jason Bettles

Principal, Gold Coast, Northern NSW

Jason Bettles

Principal, Gold Coast, Northern NSW

Aaron Lucan

Principal, Western Sydney, Central West

Aaron Lucan

Principal, Western Sydney, Central West

Stephen Hundy

Principal, Canberra, Wollongong

Stephen Hundy

Principal, Canberra, Wollongong

Matthew Kucianksi

Principal, Melbourne, Ringwood

Matthew Kucianksi

Principal, Melbourne, Ringwood

T: 03 9613 5518

F: 03 9613 5599

EMAIL Matthew

Mervyn Kitay

Principal, Perth

Mervyn Kitay

Principal, Perth

Business can be tough

Our team is focused and ready to help

Contact a Principal

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