Why the client needed our help
Our client, a well-known invoice finance company, wanted help recovering a significant debt of £163,444.
How we helped
Initially, we issued a letter before action against the debtor. When they refused to respond to this, legal proceedings were issued in the high court. This was then followed by the issue of a statutory demand.
The outcome / significance to the client
The statutory demand brought the debtor to the negotiating table following which a settlement was reached for £59,233.