Completing a Proof of Debt
Last Updated: 7 May 2024
Why complete a proof of debt?
When you are owed a debt from a company in external administration, you need to complete a Proof of Debt form to set out the details of the debt you are owed and, in the event funds are recovered, receive your share of the dividend.
Logging in
To complete your proof of debt, you must first login with the Creditor ID and passcode provided to you by the insolvency practitioner. In some matters, the practitioner may allow you to create your own account by clicking the 'Register New Creditor' button. In the event you did not received login credentials and the 'Register New Creditor' button is not available, please contact the practitioner.
Navigate to the proof of debt
After you have logged in, you will be able to complete your proof of debt by clicking 'Register your proof of debt'.
Completing your proof of debt
The first section on the proof of debt is for entering the creditor's ABN (if applicable), name, address and amount owed.
The second section is where you enter a breakdown of how you arrived at the debt amount.
In the next section, you need to enter details of whether the Creditor holds security over any assets. For example, a vehicle leasing company may have security over the vehicle.
In the following section, you need to complete the declaration of whether the creditor is related to the company in external administration and identify the person completing the form.
Then upload documentation to support your debt, such as copies of invoices.
Finally, add details of how the practitioner can contact you and submit the proof of debt.
