Depending on the amount of the debt, the type of debtor, and importantly, the nature and goals of the creditor towards the specific debtor concerned, there are other avenues in our armory that can be deployed readily which may not necessarily require court action. These can include bankrupting an individual or the submission of a winding-up petition of the debtor company. As with court proceedings, often the threat of an impending action to start bankruptcy or winding-up proceedings can be enough to persuade the debtor to make good.  Either of these actions will adversly affect credit ratings and taint the business or individuals concerned for potentially several years, so most debtors will choose to avoid these options and pay the debt.

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