Following the Jackson Reforms, pursuing an insolvency claim became very expensive and time consuming, leading to many insolvency practitioners writing off good claims. This is exactly why Escalate, an innovative dispute resolution process, was created.
Escalate covers all types of commercial and insolvency disputes that are up to three years old including bad debt, negligence and contractual.
Escalate follows a two-stage process:
The first stage of this process is engaging experienced recovery specialists to negotiate on your behalf. Our sister division, My Debt Recovery are Escalate’s exclusive front-end debt collection agency so you can trust that you have an experienced team working on your behalf to recover what is owed.
The defendant is provided with incentives to settle the debt within three months and as mentioned above, this work is based on a fixed fee which you won’t pay unless the debt is recovered.
If the defendant is still unwilling to settle within three months, the claim will move into the Litigation stage of the process. Escalate will cover the whole litigation process, including paying upfront court costs and counsel fees, all the way up to the High Court.
Unlike the traditional route, if you lose the case, you won’t have to pay the defendant’s costs.
In addition to the above, Escalate can also help with your duties under the Statement of Insolvency Practice (SIP2). Escalates help includes:
If you think Escalate can help you with your commercial dispute, contact our dedicated Escalate team below:
Southampton Office
Suite 4
Chatmohr Business Park
Crawley Hill
Romsey
Hampshire
SO51 6AP
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