HomeCase studiesNegotiating a settlement agreement after the issue of a statutory demand

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.

Key contacts

Shona Houghton

Shona Houghton

Debt Recovery Manager

Rachel Watkins

Rachel Watkins

Associate

Anna Beetson

Anna Beetson

Paralegal

View full team

Contact us in confidence