Insolvency Service

Else’s team of debt recovery solicitors offer a unique insolvency service to support sole traders, businesses, and companies that are facing financial issues.

We are experts when it comes to handling insolvency proceedings and providing insolvency support.

It can be argued that a client’s inability to pay their debts on time renders them insolvent.

If this is the case then bankruptcy or winding-up proceedings can be the only way to reclaim your money.

You can submit a petition to the courts to begin winding-up proceedings against the debtor’s company or, if they are an individual or sole trader, for their bankruptcy.

A petition to wind-up a company can be issued where the debt, worth more than £750, is due. The debt must be undisputed and remain unpaid despite the creditor’s demands. More often than not, the threat of insolvency proceedings is enough to invoke payment of the balance.

When a winding-up order is granted it must be advertised in the London Gazette. Other creditors of the debtor company are then given the opportunity to join the proceedings.

If your debtor is an individual, a statutory demand must be served upon them. This will give them 18 days to pay before a bankruptcy petition is issued.

A bankruptcy petition will be issued at the debtor’s local county court. Either an official receiver or insolvency practitioner will be appointed to investigate the debtor’s financial circumstances.

Once the investigation has taken place they will be able to re-distribute any assets they have between the creditors.

Our Insolvency Service

If this is the action you need to take, our specialist debt recovery solicitors can handle the process for you.

We provide practical, jargon-free legal advice and support at every stage of your case through our insolvency service.

Whether your action is against a limited company, a sole trader or an individual, our experienced solicitors will handle all the drafting of petitions and court actions on your behalf.

We are aware that any business needs to balance the impact of bad debts against the cost of recovery. Our insolvency solicitors will take the time to understand your business so we can a provide proactive, timely, and cost-effective debt recovery solution.

To speak to one of our debt recovery solicitors about insolvency support contact us on 01283 526200. Alternatively, you can send us a message and we will get in touch at a time that suits you.

SRA Transparency Rules: Debt Recovery Process Pathways & Charges

What are the SRA Transparency Rules?
The SRA Transparency Rules set out the information that SRA authorised firms should make available to clients and potential clients and form part of the Better Information, more choice: Post consultation rules. The rules aim to ensure people have accurate and relevant information about a solicitor or firm when they are considering purchasing legal services and will help members of the public and small businesses make informed choices, improving competition in the legal market.

Debt-Recovery-Guide-to-process-and-costs-with-team.pdf

Debt Collection Letter

Free up the time your finance team spends chasing debtors with e-mails, letters and phone calls.
Learn More

Ledger Collections Service

Give your insolvency practice and the companies you represent the resources needed to collect the payments they need to survive.
Learn More

Possession Order – Property

Else’s debt recovery solicitors have vast experience of handling both commercial and residential possession proceedings.
Learn More

Enforcement, Charging Orders & Orders for Sale

Else’s team of debt recovery solicitors are experts when it comes to enforcement, charging orders, and orders for sale.
Learn More

Insolvency Service

Else’s team of debt recovery solicitors offer a unique insolvency service to support sole traders, businesses, and companies that are facing financial issues.
Learn More

Dispute Resolution & Claims Management

Else’s expert debt recovery solicitors have considerable experience when it comes dispute resolution and claims management.
Learn More

Credit Control Processes

Develop a custom-tailored credit control and debt collection strategy for your business. This end-to-end process with all its components (e.g. the content of debt collection letters) is tailored to your business.
Learn More
Chris is the founding Partner of Else Solicitors and has over 25 years’ experience as a commercial solicitor dealing mainly with commercial disputes. He is also an accredited Mediator.

View full profile here
Chris Else

Managing Partner

Laura joined Else Solicitors as a Litigation Executive in February 2014 after gaining several years of expertise in debt recovery as a Paralegal with a National Law Firm.

View full profile here
Laura Charles

Litigation Executive

Charlotte joined Else Solicitors from a global hotel group gaining commercial experience working in accounts and IT which provided valuable skills that greatly assist Charlotte in her current role.

View full profile here
Charlotte Osborne

Litigation Executive

Beth deals with collecting all types of debts ranging from individuals to large corporate firms.

View full profile here
Beth Marsh

Litigation Executive

Tracey has held a number of management roles during her career, including Office Manager at Next and most recently a three year position with the HomeStart charity in Derby. She joined Else in June 2017 as a litigation executive.

View full profile here
Tracey Jackson

Litigation Executive

How can we help?

Get in touch.

Else Solicitors has a long standing reputation as the debt recovery solicitors. We work hard to ensure that you get paid whether this is through rigorous credit control, debt collection letters or legal action. Debt recovery is one of the things we do best and we can collect late and even “old and abandoned” debts on your behalf.

You are invited to discover why we are considered the best and why even major international law firms use our services and how we recovered £4,500 for a major travel brand.

We invite you to speak to Laura Charles or Chris Else today on 01283 526210 or on laura.charles@elselaw.co.uk or chris.else@elselaw.co.uk.