Debt Recovery, Bankruptcy & Insolvency

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CONTACT US:

Tel: 08444 933699
enquiries@bridgerandco.co.uk

HOW WE WORK

Here at Bridger & Co, we are professional and effective with our approach to recovering debt; this is owed to our clients. Our standards are set extremely high, and this is only down to our number of success stories.

NO HIDDEN FEES

We will never include any hidden fees; we offer a fixed competitive fee for our services, making us cost effective for all our clients.

DEBT RECOVERY

Customers who do not pay on time reduce your profits, and can put your business at risk.
Our highly respected Debt Recovery team has been supporting local and national businesses for hundreds of years.

Our team can assist you with:

  • A quick and efficient recovery process.

  • A fixed fee Solicitor’s Demand Letter, with fee waived if instructed to issue proceedings.

  • A charging structure based upon fixed recoverable charges.

  • The recovery of international debt.

  • The recovery of late payment interest and costs.

  • Case management reports.

  • Assistance in developing credit control systems to avoid debt recovery action.

  • Volume debt recovery.

  • Commercial law, litigation and insolvency support.

We can also assist and advise individuals who are faced with the threat of proceedings, or after proceedings have been issued.

WHAT IS THE DIFFERENCE BETWEEN THE TERMS BANKRUPTCY & INSOLVENCY?

  • People go bankrupt.

  • Companies become insolvent.

When can these proceedings be commenced?

Bankruptcy proceedings can be commenced when an individual is unable to pay their debts as they fall due. In all cases, when an individual is being bankrupted by their creditors, they must be served with a notice called a “statutory demand”. If unpaid, this demonstrates that they are insolvent; then a petition can be issued by the individual themselves, or by one or more creditors.

Winding up proceedings to liquidate an insolvent company can be brought if the person bringing them can prove it. This can be shown by service of a notice known as a “statutory demand”, which if unpaid demonstrates insolvency. This can also be shown by tests applied to a company’s accounts – either its cash flow or balance sheet. Where the balance sheet shows liabilities exceed assets, or cash flow is not available to satisfy liabilities, this will also demonstrate insolvency allowing the company, or its creditors, to liquidate it (“wind it up”).

Administration/Receivership may be done as an alternative to liquidation, which is seen as the ultimate death of a company.

Our team can assist you with:

Bankruptcy

  • Issuing statutory demand/setting aside statutory demands.

  • Issuing and defending bankruptcy petitions and applications.

  • Advising as to the effects of bankruptcy on the individual, protection of assets and retention of title, income payments, agreements, transactions at an undervalue, preferences, bankruptcy restriction orders (BRO) and bankruptcy restriction undertakings (BRU).

  • IVAs.

  • Bankruptcy and the family home.

  • Application for reconsideration of bankruptcy orders and appealing bankruptcy orders.

  • Bankruptcy annulment.

  • Challenging the trustee in bankruptcy’s fees.

  • Disclaimers, validation orders, and vesting orders.

Insolvency

  • Issuing statutory demands.

  • Issuing and defending against winding up petitions.

  • Injunction to prevent initiation or the advertisement of winding up petitions.

  • Advice in regard to potential directors’ liabilities, preferences and transactions at an undervalue.

  • Protection of assets and retention of title.

  • Phoenix companies/tortious conspiracy.

  • Directors’ disqualification and undertakings. directors’ duties – wrongful trading, fraudulent trading, misfeasance.

  • Disclaimer/validation and vesting orders.

GLOSSARY OF TERMS

  • People go bankrupt.

  • Companies become insolvent.

READY TO ACT FOR YOU

Please kindly Contact Us to discuss how our specialist Debt Recovery team can help you.

 


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