Why the client needed our help
Our client, a well-known invoice finance company, wanted urgent help recovering a significant debt of £212,536 from a debtor.
How we helped
Following the debtor’s refusal to respond to our letter before action, we served a winding up petition on them.
Payment was soon received from the debtor and, as part of the overall settlement, we also ensured that our client’s legal costs were paid in full. This meant that the debt was recovered at zero cost to our client.
Once the debt and costs were paid in full, the winding up petition was dismissed from court and our client’s money fully protected – we ensured that the petition could not be supported by another creditor or taken out of our control.