From 1 October 2023, fixed recoverable costs will be extended across the fast track and will see the introduction of a new intermediate track for simpler cases valued between £25,000 and up to £100,000.
For our asset finance client, Greenhalgh Kerr successfully defended a Part 8 claim and Issued a claim for damages in response. We were able to agree a resolution before the Contested Hearing – with an agreement for the debtor to pay the full balance on the finance agreement, plus interest and costs.
Covid related restrictions on the use of insolvency against companies are being updated on 1st October 2021. The new regime will provide that the following conditions have to be met for a creditor to present a winding up petition: 1. The debt which the petition relates to must be a liquidated sum and cannot be excluded. …