The insolvency trade body R3 have issued a useful guide to the insolvency process for creditors.  The guide can be found here.

A frequent criticism is that the insolvency process (and indeed insolvency practitioners) do not do enough to engage with creditors.  Partly this will be because of creditor apathy (who wants to throw good time after bad money?) but partly it is because creditors do not see the insolvency process as being structured to assist them.

It is therefore heartening to see the main insolvency trade body actively taking steps to encourage creditors to engage in the process. At the moment the guide deals only with English and Welsh processes but it is intended at a later date to also cover Scottish and Northern Irish insolvencies.