Insolvency & Creditor Service Solicitors
As an alternative to issuing a County Court Claim, you can commence an insolvency action on the basis the debtor is insolvent as they are unable to pay their debts as and when they fall due.
It is not possible to use the process if the debt is disputed on grounds that appear to the court to be substantial or the creditor has adequate security for the debt. In this instance you will need to issue a claim or start some form of alternative dispute resolution such as mediation or negotiation.
The insolvency process differs depending on whether money is owed to you by a company or an individual.
If the debtor proposes to enter an insolvency process or becomes insolvent we can also help maximise your chances of recovery. We offer free creditor service advice to creditors in receipt of notices or letters from insolvency practitioners helping you to use your vote in the insolvency process and making sure your debt is registered with the liquidator or trustee in bankruptcy.
Book Debts and Creditor Services
If you have received notification that your customer is facing insolvency, our creditor services team can help you. You can find our more here.
We provide a valuable service to Insolvency Practitioners where we assist with the collection of book debts owed to companies who are subject to an insolvency order.
We have the skill and experience to assist you. Please contact us for more information.
Investigations pursuant to the Insolvency Act 1986
We work with a network of respected insolvency practitioners who are able to carry out investigation on a company that is subject to insolvency proceedings as well as bankrupt individuals. Insolvency doesn’t end the debt recovery process as skilled forensic investigations can lead to undisclosed assets or claims against directors and third parties for the benefit of creditors.