Insolvency

Bankruptcy

If an individual owes you more than £750, you may wish to consider bankruptcy.

Our team will, in the first instance, prepare the statutory demand and serve it upon the debtor, either by first-class post or by hand. Upon service, the debtor has 18 days to dispute the demand by making an application to the court, seeking to set it aside. Alternatively, if no dispute is raised or payment received, then a bankruptcy petition can be presented on the 21st day.

We will attend all court hearings on your behalf. Once the court has granted the order, we will liaise with the official receiver, who has the power to sell all your debtor's assets to enable you to obtain payment.

Winding Up

If a company owes you money, that is more than £750, then this company can be wound up.

As with bankruptcy, we will prepare the statutory demand and serve it upon a company official authorised to accept service either by first-class post or by hand. Upon service, the company has 18 days to dispute the demand by, again, making an application to the court, seeking to set it aside. Alternatively, if no dispute is raised or payment received, then a winding up petition can be presented on the 21st day.

All court hearings will be attended on your behalf. Once the court has granted the winding up order, we will correspond with the liquidator, who, like an official receiver, has the power to sell all your debtor's assets to enable you to obtain payment.

The team will operate on a low cost, fixed fee basis for undisputed insolvency claims.

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