MANY CLIENTS USE THE INSOLVENCY METHOD AS A PREFERRED OPTION TO THE COUNTY COURT CLAIM AS IT CAN EXERT ENOUGH PRESSURE ON THE DEBTOR TO FORCE THEM TO PAY THE DEBT, IT IS A QUICKER AND USUALLY A LESS EXPENSIVE OPTION AND WE CAN OFTEN RECOVER ALL OF YOUR COSTS.
A Winding up Petition can be issued against a company which owes an undisputed debt of over £750. A Bankruptcy Petition can be issued against an individual owing more than £5,000.
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As with all the steps in the Stripes legal recovery process, you will be in control of what happens next. You can make those decisions and issue your instructions including any supporting documentation by using one of the following methods;