Managing insolvent debtors requires a strategic and professional approach. At Legal Recoveries, we specialise in providing tailored insolvency services to help businesses navigate the complexities of insolvent debt recovery. Whether it’s issuing statutory demands or managing petitions, we’re here to support you every step of the way.
Our Insolvency Services
1. Issuing Statutory Demands
A statutory demand is often the first step in insolvency proceedings. It is a formal request for payment of a debt owed by an individual or business. Our experienced team drafts and serves statutory demands, ensuring compliance with all legal requirements.
LRC will instruct the County Court bailiff for debts up to a value £600 where appropriate. Court bailiffs work in a similar manner to the HCEA in terms of attending at a debtor’s property for the purposes of obtaining full or part payment and/or attempting to levy on goods to the value of the debt.
2. Bankruptcy and Winding-Up Petitions
When debt remains unpaid, we assist in issuing bankruptcy petitions against individuals or winding-up petitions for businesses. Our goal is to recover funds while minimising risks for creditors.
3. Creditor Recovery
We help creditors maximise recoveries by representing their interests in insolvency cases. This includes reviewing debtor assets, monitoring proceedings, and ensuring compliance with insolvency laws.
4. Liquidation and Administration Support
In cases where businesses enter liquidation or administration, we provide expert advice on how to recover outstanding debts effectively.
Why Choose Legal Recoveries?
Download Our Expert Guides
Enhance your understanding of the debt recovery process with our detailed guides and resources. Whether you’re dealing with insolvency cases or defended claims, our downloadable assets provide valuable insights and practical advice to support your business. Click below to access these free resources and take the next step towards effective debt management.
Get in Touch with Us
If you have any questions about our service or would like to discuss your matters with us in greater detail, please contact the Business Development Team on 0330 024 6342
