Businesses with insufficient working capital will often delay paying their creditors until absolutely necessary. As a creditor in such a situation, you my find that you are effectively providing the working capital to a businesses which continually pays your invoices late. We can advise you of the more effective remedies for ensuring prompt payment so that you can avoid becoming your customers’ “bank”.
The lack of inclination to pay on time may become a genuine inability to pay. In such circumstances, we will advise you of the appropriate county court procedures and steps that can be taken to wind up a company or bankrupt an individual debtor in order to liquidate the debtor’s assets to pay its creditors. Based on extensive experience we will devise a cost effective strategy for you providing you with an effective solution which where possible will avoid unnecessary and drawn out litigation.
Our services in this area include:-
- Settlement agreements
- Statutory demands
- County Court and High Court proceedings
- Winding Up petitions
- Bankruptcy petitions