If you are in a debt recovery process and struggling to retrieve what is rightfully yours, you’re in the right place. Sometimes, debtors are unable to pay their debts even after various enforcement methods, in cases like these, the next viable steps are bankruptcy and winding-down petitions. Allow Fairmont to walk you through this process with a level of expertise you won’t find anywhere else.
We’ve all heard of the term, but what exactly does it entail? Should the debtor owe £5,000 or more and be unable to repay, the bankruptcy process may commence. This process involves the debtors’ assets being sold to pay off the outstanding debt. At Fairmont, we assist in helping you to create a full-proof claim to petition for the debtor’s bankruptcy. Our specialists work hard to guarantee all legal requirements are fulfilled, helping to increase the chance of success from the petition.
In the case that the debtor is a business and owes more than £750, we can aid you in the winding-up petition. This involves liquidating the company’s assets to pay off the outstanding debt. To ensure your petition is granted, we take charge of the entire process. From collating the paperwork to representing you in court, you can count on us to provide you with a hassle-free experience.
Being involved in a debt recovery process can come with its trials and tribulations; the process often involves multiple methods to achieve desired results. If you are unsure about the next step in the debt recovery process, Fairmont is here to help. With over 100 years of collective legal experience, our debt recovery specialists will guide and advise you throughout the process, helping you to obtain the best possible outcome.
Take the first step in regaining what is rightfully owed to you by contacting our commercial debt recovery specialists today. With Fairmont Legal by your side, you can get back to growing your business with the confidence of knowing your commercial debt recovery is underway.
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