When a company becomes unable to pay its debts as they fall due and get into financial difficulty it can be a stressful time for both the owners of the business and the people they are doing business with. When these issues start to arise, there are a number of things that Prudentia Law can provide legal assistance with before things become irreparable. These include:

  • Debt Collection – We can assist with creditors enforcing their rights over companies that are refusing to pay for supplies.
  • Statutory Demands – Where a creditor wishes to enforce their rights and potentially take a company through a liquidation process, Prudentia Law can assist with issuing statutory demands on the defaulting company.
  • Liquidation Proceedings – If the business relationship has broken down to the point where the company in question is beyond salvation, we can provide guidance on the liquidation process and assist with implementing that for creditors.