LawBite Platform Up for Sale After Falling into Debt
LawBit Ltd, the company behind LawBite, has gone into administration with a debt of £5.8m.
The online legal services platform, which cost "many millions" to build, has been on the market for almost a year but has yet to receive any formal offers from buyers.
LawBite promised to 'democratise' legal advice for small businesses.
- Administrators William Antony Batty and Hugh Jesseman were appointed on 24 September last year.
- Creditors approved plans for the joint administrators to manage the company while marketing its business and assets for sale by 10 December.
Author's summary: LawBite faces debt and sale challenges.
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