At each step of the Court action personal service of documentation
and hearing notices had to be served at the Company offices
resulting in bailiff action at further cost. Eventually the
bailiff reported that the Limited Company was insolvent and
that there were no assets to be seized. The service provider
had taken some 10 months of time and incurred additional Court
cost and time to get to the end result ie no collection.
The case was referred to Renaissance Debt
Recoveries whom after initially studying the case decided
that a more affective route in this case would be to take
action against the Director. Difficulties were initially faced
as the Director sought to hide behind the previous lack of
collection but eventually a personal judgement was awarded
by the Court.
After being served with a statutory demand
pending bankruptcy, the full debt was repaid to Renaissance
Debt Recoveries.
Conclusion; Instruct Renaissance
Debt Recoveries prior to taking Court action or involving
Solicitors who will charge extremely high fees simply to work
on the case regardless of recovery.
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