What is Debt Recovery and how can I get help?

As solicitors, we can assist you with debt recovery in several ways. Here are some of the services we offer:

  1. Demand letters: We can draft and send demand letters to the debtor on your behalf, outlining the amount owed and requesting payment. This can often be an effective way to resolve a debt without the need for legal proceedings.

  2. Negotiations: If the debtor is willing to negotiate a settlement, we can act as intermediaries and help to negotiate an agreement that is acceptable to both parties. This may involve negotiating a payment plan or accepting a reduced settlement amount.

  3. Legal action: If negotiations and demand letters do not result in payment, we can initiate legal action on your behalf. This may involve filing a claim in court or issuing a statutory demand. We will work closely with you to ensure that the legal action is taken in the most appropriate and cost-effective manner.

  4. Enforcement: If a court judgment is obtained in your favor, we can assist with enforcing the judgment. This may include taking steps to seize assets or garnish wages.

  5. Insolvency: If the debtor is insolvent, we can advise you on the best course of action. This may involve initiating bankruptcy or winding up proceedings.

  6. Expert advice: We can provide you with expert advice on debt recovery and help you to understand your legal rights and obligations. We can also advise you on the potential risks and costs involved in debt recovery and help you to make informed decisions about your options.

If you are struggling with debt recovery, our team of solicitors can help you to recover the money owed to you. We can draft and send demand letters, negotiate with the debtor, initiate legal action, enforce judgments, advise on insolvency, and provide you with expert advice. We will work with you to develop a strategy that is tailored to your specific circumstances and that achieves the best possible outcome.

How do I get started?

Get in touch with our team to learn more about how we can support you with Debt Recovery in your business.