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.
I have had a decade long relationship with FWJ and have instructed them on a wide variety of claims, both litigation and insolvency based. I enjoy working with them as they listen to what I need and their advice is always commercial and astute. I have also been deeply impressed by their continued commitment to using technology to assist in the recoveries process. Their interactive case management system is particularly impressive delivering quick, accurate solutions together with very helpful case reporting.Risk Director Aldermore Bank