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  Highly recommended solicitors. Our experience of using Barrett and Co has been very positive, responses have always been on time and informative. We won't hesitate to use again should we need to.

    thumb Katie Defrates
    3/21/2019
  • review rating 5  Very support and efficient: I worked with Justin Sadler on a couple of employment law items. Justin is very knowledgeable, supportive and really put me at ease. I would highly recommend him & Barrett & Co.

    thumb Christopher Addis
    2/25/2019
  • review rating 5  Cannot fault the service at all. Charlotte Fox was extremely helpful and professional. Would not hesitate to use their services again.

    thumb Ian Tillson
    10/11/2018
  • review rating 5  We are an International Sports Federation and needed assistance with getting our Federation incorporated as a Company with Limited Liability. We were walked through the whole process with incredible professionalism but also a lot of understanding and flexibility in the various services required. Jane Whitfield did a wonderful "hand-holding" exercise and once we had completed our incorporation she again walked us through the whole process of registering as a Charity. This process was also completed successfully. As the person that worked very closely with Barrett Co and Jane in particular, I can testify not only to the professionalism, but also the friendly and efficient way in which the whole process was dealt with until completion. We are looking to walk a long road with this company as we deal with further legislative requirements.

    thumb Willie Uys
    8/07/2018
  • 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