I totally agree with your methods and I understand the logic behind them. I was just wondering wether the company could just brush it off
Discussion
The company would simply pay the outstanding amount to the creditor to make it go away automatically.
If it's a significant amount, it's a very common way to recover funds.
See, that's what you get for having significant amounts. I've never had that problem myself 😂
We're all getting significant amounts come the halving 😂
If a company owes you £750 or more you can start the wind up procedure. I know a few who have used this. It gets messy when the company in question actually opts for bankruptcy. That’s when you’re likely to lose your money or only recoup a fraction.
Well, if they'd rather go bankrupt than giving you your money you were very unlikely to get in the first place, no?
Not always - some stay afloat and this approach is a legal kick up the arse to get them to pay up. And once you’ve tied your creditor status within a legal framework you’re prioritised if they do go bankrupt. Somewhat unrelated but I once officially became a creditor when an online company folded just after I ordered an item from them - was very interesting to be involved in the wind up process.