Article
How To Recover Debt By Winding Up Or Bankruptcy
Bethany Fitzgerald and Oliver Williams from the Dispute Resolution team explain how winding up or bankruptcy proceedings can help creditors recover debt. A creditor may petition to wind up a company or file a bankruptcy petition for an individual debtor if they are owed at least £750 or £5,000, respectively. These legal actions aim to distribute the debtor's assets among creditors. However, the processes can be complex, requiring proper legal guidance to ensure compliance with rules and maximize
Herrington Carmichael