Insolvency pricing
We do try to avoid this somewhat fatalistic course of action, but unfortunately, it is often the only action open to clients wanting to obtain money owed to them.
Issuing a Statutory Demand – Personal / Corporate - £500 + VAT
Additional Anticipated disbursements
- Process server fees: these vary depending on the circumstances, and are typically from £100 plus VAT
- Timescale: Once a statutory demand has been served upon the Debtor, the Debtor has 21 days within which to make payment and thus avoid bankruptcy/wind-up proceeding.
Bankruptcy Petition (Personal) - £1000 +VAT
Additional Anticipated disbursements
- Process server fees: these vary depending on the circumstances, and are typically from £100 plus VAT
- Court application fee - £302
- Official Receiver Deposit - £990
Representatives fees at the first court hearing - will depend upon hearing location, seniority and specialism
Winding Up Petition - £1250 + VAT
Additional Anticipated disbursements
- Process server fees: these vary depending on the circumstances, and are typically from £100 + VAT
- Court application fee - £280
- Official Receiver Deposit - £1600
- Representative’s fees at the first court hearing - Will depend upon hearing location, seniority and specialism
- London Gazette Advertisement - £101.52 plus VAT
The typical timescale to be allowed for obtaining a bankruptcy order / winding up order is 8 - 12 weeks from the date of presentation of the petition.
VAT will be charged at the current rate of 20% where applicable.
Our services include:
Insolvency | Commercial Litigation | Debt | Solicitors fees | Judicial Review | Probate | Share agreements | Business