Why the client needed our help
Our client, a well-known invoice finance company, wanted legal help recovering a debt of £27,065 for funded invoices.
How we helped
After the debtor refused to respond to a letter before action, the decision was taken to issue and serve a winding up petition on them.
The outcome / significance to the client
Payment was successfully received from the debtor following service of the winding up petition.
As part of the overall settlement, we also ensured that our client’s legal costs were paid in full which 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 safeguarded in full.
Extremely thorough, professional and speedy, and the fees were much more reasonable than the competition. Highly recommended.A private client we assisted with issuing a winding-up petition to recover debts