Use a mediation service, go to court, send a statutory demand or make someone bankrupt if a person or business owes you money.
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 make a court claim for your money if mediation doesn’t 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’re 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 can’t repay the money, you can apply to a court to:
- make someone bankrupt - if you’re owed £750 or more by an individual, including a sole trader or a member of a partnership
- get a company wound up (liquidated) - if you and any other creditors are owed £750 or more
However, the costs are high and you may not get any of your money back.
Get money you’re owed from a bankrupt person or a company that’s 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.