Insolvency

When it comes to recovering outstanding debts, insolvency action can often be one of the most effective methods available. At Westbury, Bankruptcy Petitions and Winding Up Petitions are frequently used where a debtor or company has failed to respond to repeated requests for payment and the debt remains undisputed.
 

Insolvency proceedings are a serious legal step and can place significant pressure on a debtor to settle the outstanding balance quickly. In many cases, the threat of insolvency action alone is enough to secure full payment or agree a suitable repayment arrangement without the matter progressing further.
 

Our experienced account managers will assess your case carefully and advise whether insolvency action is appropriate and commercially viable. We work closely with specialist solicitors to ensure all proceedings are handled professionally and in accordance with current legislation and court procedures.

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Insolvency Services Include
 

• Statutory Demand Notices

• Bankruptcy Petitions

• Winding Up Petitions

• Service of Legal Documents

• Dealing with Set Asides or Injunctions

• Debtor & Company Investigations

• Repayment Negotiations

• Solicitor-Led Insolvency Proceedings

• Ongoing Case Management & Advice
   

Papers are typically served by attempted hand delivery, which can further increase the effectiveness and urgency of the insolvency process.

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Please note that insolvency action can generally only be pursued where the debt is undisputed and exceeds the relevant statutory threshold. Furthermore, insolvency action should only be undertaken by experienced specialists, as the costs associated with injunction proceedings can be significant.

 

In most circumstances, the objective is not to bankrupt an individual or wind up a company, but instead to encourage prompt settlement of the outstanding debt in the quickest and most cost-effective manner possible.
 

Legal, court and insolvency costs are separate from our standard commission rates.