At KLS Law, we understand that for anyone suffering financial hardship, facing insolvency or bankruptcy, this is a sensitive and concerning time.
With over 25 years of experience offering advice and support to businesses, we recognise that behind every business are individuals who have spent significant time and effort investing heavily in their business.
We are experienced and highly adept in ensuring the best possible outcome from your situation.
KLS Law offers confidential advice and support to clarify your options and guide you through the process you choose, ensuring the impact to you and your family is kept to an absolute minimum.
We will talk you through all the options available to you in detail and answer any questions you may have, including bankruptcy and various alternative solutions to insolvency.
For SMEs and Traders facing debt challenges, the impact of business decisions can be life-changing, and so it is critical to seek legal advice from experienced professionals before these decisions are made.
Is your particular issue not addressed in the above? Do not worry, if it is debt related, we can help.
We find there are many questions that arise from business owners and decision-makers during times of financial hardship, and many that are not asked but should be.
We can help answer all these questions and more, simply get in touch with us to book a consultation.
One of the most prominent concerns for any Sole Trader, Partnership or Limited Company when operating a business is whether or not all debts will be properly satisfied and promptly paid.
Here at KLS Law, we understand that some people; whether they be customers, purchasers or other businesses, do not always make good on the promises to pay what you are owed.
Our team of experienced, empathetic and diligent litigators are here to offer advice and assistance to anyone who is struggling to obtain debts they are owed.
Although it may not seem like it, your case for recovering a debt begins before solicitors are involved. Your case begins when your debtor owes you money which they have not paid by the agreed date.
Once the debt becomes overdue, it is best to write to the debtor setting out:
If the debtor does not provide a reasonable, or any, response to this letter, then seeking legal advice is the next best stage.
After you have contacted us and discussed your matter, we will send a Letter Before Action (LBA) to the debtor.
The LBA will inform the debtor that if they fail to pay the debt in full, or fail to provide a reasonable re-payment plan by a specified deadline, then we shall issue court proceedings.
Should the debt still be outstanding and no sensible means of paying the debt has been put forward, we will draft and issue the Claim Form and send it to the Court, where your claim will be issued and served on the debtor.
The debtor will have 14 days to respond following deemed receipt of the Claim Form. A debtor will commonly do one of the following:
If we are successful and obtain a Court Order confirming the debtor owes the amount claimed, the following remedies are available to you:
Upon receipt of a County Court Judgment (CCJ), a debtor may very well take measures to prevent enforcement from taking place. For example, they may:
Should any of these incidents occur, our team will be here to assist you in every way we can.
Each and every company and individual have their own particular set of issues and our advice is based on the “complete picture.”
You may already be facing statutory demands or proceedings and, in order to preserve your position, you will need to move swiftly.
We will offer a fixed fee of £500 + VAT for up to 3 hours legal advice and to obtain an overview of your position and advise you. Further details of our charges for assisting after our initial meeting are detailed on our rates page.
For an early appointment, please call 0800 015 1470 or complete the call back form below.
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KLS Law is a trading name of KLS Law Ltd, a company registered in England and Wales at 850 Ibis Court, Lakeside Drive, Centre Park, Warrington, WA1 1RL | Tel: 0800 015 1470 | Email: enquiries@klslaw.co.uk | KLS Law is authorised and regulated by the Solicitors Regulation Authority (SRA ID: 835145).
© KLS Law 2023 | Inc. All rights reserved.
Our legal experts at KLS Law are experienced in litigation, ADR and mediation, medical regulation and representation, employment and contract drafting and disputes.
Our reputation is second to none, offering a flexible, approachable and responsive service. We deal with legal matters efficiently, putting your business’ best interests first at all times.
We understand the need to be available out of hours, and so where possible, we will call or meet you outside of the standard 9-5 to discuss your legal matter.
If you’d like to discuss your unique matter with a legal expert, we invite you to phone us on:
0800 015 1470.
Our legal experts at KLS Law are experienced and knowledgable in many areas of litigation and will work hard to get you the right outcome.
Our reputation is second to none and we are flexible, approachable and responsive. We will deal with your claim or matter efficiently, putting your interests first at all times.
We understand that we need to be available to see you out of hours, at your home or in the hospital, which we always make an effort to do.
If you’d like to discuss a claim with one of our team, please call us now on:
0800 015 1470
Experienced, Ethical, Reliable
KLS Law has worked with insurers and MGAs for over 25 years, gathering a wealth of knowledge and experience in key areas of Law.
As well as being instructed directly, KLS Law works with the Connexus Group to provide a fully seamless service from FNOL to subrogation, utilising our expertise only where it is really required to ensure a favourable and cost effective outcome.
Details of our specific areas of expertise appear to the right.
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