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Beware of the Long Firm Game https://www.gov.uk/options-if-youre-owed-money The Small Claims takes nine months (my one experience) or so and I think it works better with headed notepaper from a solicitor. I got my dosh this way but it was more hassle than the £1200 (£5000 now) was worth...

Masked and Anonymous I would tend to put more pressure on him to collect the debt before the other creditors and try take what you can get (say £1000) before he goes bankrupt an you will get next to nothing.