If a commercial customer is avoiding payment and the amount is more than £750.00 and is not contested then there is the option to pursue a Winding Up Petition. If the entity is a sole trader or partnership and the claim is more than £5,000.00 there is the option to pursue a Bankruptcy Petition.

A specialist team

We are specialists in insolvency litigation and often instructed by clients to pursue petitions to obtain payment of an outstanding account. A Petition is not a guarantee that payment will be made but it is the most pressure that can be put upon a customer who fails to pay. However this action should not be taken without the benefit of advice. Changes in the insolvency regime have been extended under the pandemic.

A Winding Up Petition

We will advise you on the process to obtain a Winding Up Petition. Our competitive rates are set out in our brochure which we can provide upon request. We offer a fast effective process driven procedure to obtain a Winding Up Order. If the matter settles during the process then we will seek to obtain payment of our costs. If settlement is not reached then we will prosecute the Petition and once the Winding Up Order is made, can assist with appointing an Insolvency Practitioner to seek the best dividend return for creditors.

A Bankruptcy Petition

A Bankruptcy Petition can be issued against a sole practitioner or partners of a trading entity if the claim value is more than £5,000.00 and is not disputed. We will advise you on the process to obtain a Bankruptcy Order. We offer a fast effective process driven procedure to obtain the Bankruptcy Order. If the matter settles during the process then we will seek to obtain payment of our costs. If settlement is not reached then we will prosecute the Petition and once the Bankruptcy Order is made, we can assist with appointing an Insolvency Practitioner to seek the best dividend return for creditors.

Customers becoming insolvent

If a customer enters any form of Insolvency a proof of debt will need to be filed with the Liquidator. We can assist in the filing of a proof of debt and if rejected that decision can be challenged through the Courts. 

If your terms and conditions provide a retention of title clause this can be enforced via the Insolvency Practitioner and those goods which can be identified can be recovered. 

Creditors can, subject to the amount owed, influence the appointment of the Insolvency Practitioner and we can advise on this point.

Contact us

If you would like to discuss issuing a Winding Up Petition or Bankruptcy Petition please contact Jackie Ray, Head of Commercial Recoveries at jar@blasermills.co.uk or call +44 (0) 1494 478 660.

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How can we help you?

If you would like to discuss… please call Jackie Ray, Head of Commercial Recoveries at jar@blasermills.co.uk or on +44 (0) 203 814 2020.