HomeCase studiesRecouping the value of credit owed by a debtor following the issue of a winding up petition

Why the client needed our help

Our client, an invoice finance and factoring company, wanted legal help recovering a debt of £28,256 from a debtor in financial difficulty.

How we helped

After the debtor refused to pay the amount demanded in our letter before action, we immediately drafted a winding up petition, issued it at court and served it on the debtor without delay.

The outcome / significance to the client

The debtor was in financial difficulty and unable to pay the debt due. As a result, they were wound up and a liquidator was appointed. As the debt was credit covered, our client’s client was able to recoup the value of the invoices from the insurer.

Key contacts

Rachel Watkins

Rachel Watkins

Associate

Shona Houghton

Shona Houghton

Debt Recovery Manager

Anna Beetson

Anna Beetson

Paralegal

View full team

Contact us in confidence