A draft petition is the next step in our recovery process for individuals or companies that have served a Statutory Demand which has not been satisfied.
On the basis of any Statutory Demand, we will draft and serve the debtor with a Draft Winding Up/ Bankruptcy Petition giving 7 days to respond.
How long will it take?
The time taken for our work to conclude depends on precisely what it is we are asked to do. We would expect to have completed an initial draft within a week of taking your instructions. Special dispatch may be available where necessary at an extra charge. The debtor will be given 7 days to respond.
Our work will be charged at a fixed fee of £100 including VAT.
Our fee applies regardless of how much work we actually do. In some cases this may mean we’ll get relatively better paid for doing less work than in other cases, in which the fixed fee will barely cover our costs. This is simply the nature of the mutual gamble between a solicitor and their client when they fix a fee.
More detail of all these matters will be outlined in our retainer letter which you will be able to review before you engage us, after pressing the “Buy” button on the website.
If you have any questions or require any further information, please don’t hesitate to Contact Us.