Liquidation - As a tie in to our Debt Recovery service, we can present petitions to the court for liquidation of a corporate debtor. Often the threat of this is enough to achieve payment. Failing this, we have contacts with Insolvency Practitioners who we can seek to have appointed as provisional liquidators within the winding up process. This can often prompt payment of a client’s debt.
Sequestration - Creditors’ petitions for sequestration (bankruptcy) are regularly presented to the court by our insolvency solicitors as part of the Debt Recovery process. In addition we act for clients who are facing this drastic prospect and can advise them of alternatives such as a Debt Payment Programme under the Debt Arrangement Scheme.