Barrett and Co can be here to offer expert advice to support you every step of the way.

A Bankruptcy Petition is usually presented by an individual, a creditor or a supervisor of an Individual Voluntary Arrangement (IVA).

The first stage is a Debtor’s Bankruptcy Petition, a Statutory Demand or a Certificate of Non Compliance. If you do need advice about whether or not you should present you own petition, or receive a Statutory Demand or fail to comply with the terms of your IVA it is important to act quickly. Delay will only compound your problems.

How Can We Help?

Initial advice can be given via a one hour fixed fee meeting for £95. Thereafter, we will give you an estimate and we will not exceed that estimate without getting your permission first. If appropriate, we will offer you a fixed fee for a fixed amount of work. We also offer Pay As You Go Legal Service, whereby you only pay for the legal services you actually want.

From October 2015, the threshold for creditor’s bankruptcy petitions will increase from the current limit of £750 to £5,000.  Also, the maximum level of debt in respect of which a Debt Relief Order (“DRO”) can be obtained will increase from £15,000 to £20,000. 

In order to collect a debt of less than £5,000, a creditor will have to obtain judgment via the small claims court.  If someone owes you more than £5,000 after October 2015 then you may wish to issue a Statutory Demand, but it is important that you obtain advice first. All the T’s must be crossed and the I’s dotted when you apply for a Bankruptcy Order or you may end up losing further money and causing extra delays. We can assist you through the process and advise you regarding alternative procedures for pursuing your debts.

  • review rating 5  I contacted the firm about my Divorce and was routed to Paul Wild. I found Paul to be very helpful and knowledgeable about the whole process and he talked me through all the options. The initial consultation was very thorough and useful. Would highly recommend.

    thumb Chris Dooley
    11/28/2018
  • review rating 5  Excellent service. I would highly recommend using Paul Wild for divorce proceedings. He is friendly and great at explaining all the wording that courts like to use . You are greeted by a wonderful receptionist who makes you feel very relaxed in what was a very stressful time. Which helped a lot. Thank you .

    thumb tiger girl
    11/27/2018
  • review rating 5  Justin Sadler assisted me with an employment agreement. I would thoroughly recommend this firm - fast, reliable and clear guidance and advice.

    thumb Jacqueline Reid
    11/19/2018
  • review rating 5  Justin Sadler supported me through the process of agreeing a compromise / settlement agreement with my employer. He was very understanding both of my position and of what the legal position was. He asked lots of questions to make sure he understood the fact pattern and then put my case forward to get the best deal possible. I was very happy with the overall outcome and the significantly increased offer we received from the employer. I would happily use Justin again and would recommend the use of him and his team.

    thumb terry harvey
    9/24/2018
  • review rating 5  I consulted Justin Sadler, of Barrett & Co, in respect of an Employment Law matter. I found he had an excellent knowledge of the subject area; and the outcome achieved, was more or less as he had indicated. I would therefore have no hesitation in highly recommending him. In addition, I found him to be most personable and it is so much easier to do business with someone you like as well as respecting their expertise.

    thumb Kathleen Springer
    1/07/2019