Options if you are Owed Money

Options if you are Owed Money

Use a mediation service, go to court, send a statutory demand or make someone bankrupt if a person or business owes you money.

Mediation

Mediation is when an impartial person - trained in dealing with difficult discussions between 2 opposing sides - acts like a referee in a dispute.
 
There can be a fee for mediation but it is cheaper than hiring a solicitor and taking court action. The fee is based on how much is owed.
 
You can find a mediation service to start the process. 

Court Action

You can make a court claim for your money if mediation does not work.
 
You can make a claim online if the money owed is less than £100,000 and owed by no more than 2 people or 2 organisations.
 
The court can order the money to be paid.

Make an Official Demand for Money you are Owed

You can use a statutory demand to ask for money you’re owed from a person or business.
 
If they ignore the statutory demand or cannot repay the money, you can apply to a court to:
However, the costs are high and you may not get any of your money back. Get legal advice before doing this if you’re unsure.

Get Money you are Owed from a Bankrupt Person or a Company that is Being Liquidated

You must register your claim to money from a bankrupt person or a company so that if there is any money available to pay debts, you can get a share.
 
For further information: