Andrew Pay

Andrew is a Partner and Head of our Insolvency team

Kitsons Solicitors - Andy Pay

About Andy

Andy’s working life is taken up with insolvency related work, both personal and corporate. He acts for insolvency practitioners across the South West and beyond and is recognised as one of the ‘go to’ insolvency lawyers when a client needs that quick and pragmatic advice.

In regards to his personal insolvency work, Andy acts for and advises clients with difficult financial circumstances. He is always sympathetic and looks to work with like-minded insolvency professionals to achieve an outcome that benefits the client and their creditors.

Andy has particular expertise in asset tracing, investigation and realisation. With a wide network of other professionals he can call upon, he is able to locate and realise assets that may have been ‘hidden’ from creditors. Recent examples include foreign properties, boats, and undeclared bank accounts.

As the lead for Kitsons’ debt recovery team, Andy acts for a wide range of businesses. From SME’s to national companies and franchises, recovering unpaid invoices on behalf of those clients. His team offer a flexible fee structure that is tailored to suit each client with the aim of recovering their unpaid invoices at little or no cost. Where able, costs are recovered from the debtor.


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17/12/15

LASPO 2012 Exemption in Insolvency Proceedings to End

By: Andrew Pay

With considerable disappointment across the insolvency community, the Government announced on 17 December 2015 that the current exemption from the provisions of LASPO 2012 for insolvency proceedings will come to an end in April 2016.

This exemption allows certain costs such as the uplift in a Conditional Fee Agreement and the...

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17/02/15

Is Your Aged Debt Causing More Than Cash Flow Problems?

By: Andrew Pay

A recent study by Bacs, the payment processor, has uncovered some interesting, if not perturbing, statistics on the late payment of invoices. Consider the following:

The average small company is owed some £32,000; The additional costs incurred by small companies resulting from late payments are in the region of £677 per month; Companies...

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09/01/15

Bankrupts, Pensions and Income Payments Orders

By: Andrew Pay

A recent decision by the Chancery Division may have called into question the decision of Raithatha v Williamson 1 WLR 3559.

In Raithatha, heard before Bernard Livesey QC,  the Trustee in Bankruptcy sought an Income Payments Order (IPO) after  the Bankrupt disclosed  the existence of various pension policies. These policies...

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Kitsons Solicitors - Andy Pay