Business Debt Recovery Solicitors
Recover unpaid business debts efficiently and cost-effectively with our reputable debt recovery Solicitors.
Debt Collection Solicitors By Your Side At Every Stage
As a business, strong cash flow is crucial. No one wants to be left chasing late payments or unpaid debts when their focus should be on growing the business. This is where our experienced debt collection Solicitors come in. With a proven track record, our team create a tailored debt recovery plan based on your circumstances. We aim to settle the case quickly, efficiently and cost-effectively without escalating to formal legal action.
What Can Our Debt Recovery Lawyers Help You With?
By providing clear, actionable advice, our debt recovery lawyers are dedicated to securing outstanding payments without causing unnecessary conflict. With this in mind, the cases we typically advise on include the following:
- General debt recovery advice, including pre-action protocol for debt claims compliance
- Letters before action and debt recovery letters
- Issuing and defending court proceedings
- Negotiating payment arrangements
- Serving statutory demands
- Insolvency action, including bankruptcy, service of statutory demands, issuing winding-up petitions
Our Commercial Debt Recovery Solicitors Can Advise:
With over 50 years of experience, we recognise that every case has unique circumstances, so we will work closely with you to deliver a solution with your best interests at heart. We have become well-versed in catering to the needs of businesses of all scales and industries, such as:
What Is The Debt Recovery Process As A Business?
Entering a debt recovery case for the first time can be daunting; however, our commercial debt recovery Solicitor will remain on hand at every stage. At a glance, here is what you can expect:
1. Issue A Letter Of Claim
We will contact the debtor to give them the opportunity to pay the debt, but if this is unsuccessful, we will issue a Letter of Claim. This is a final warning for the debtor to pay before it escalates to legal action and includes a specified payment deadline.
2. Commence Court Proceedings
If the deadline is not met, court proceedings will begin. At this stage, the debtor has 14 days to decide between three options: they accept the claim and offer to repay, lodge a defence, or file an acknowledgement of service to allow an extra 14 days to respond.
3. If Unresolved, Enforcement
We will guide you through Court Proceedings with a strategy tailored to your case, but if the debt has still not been recovered, enforcement action may be necessary. We can create a letter to the debtor informing them of the next steps and what they must do.
Frequently Asked Questions
What evidence do I need to recover a debt?
Can interest be charged on overdue debt?
What are the alternatives to legal action?
How long does debt recovery take?
What happens if my customer cannot pay the debt?
Need urgent advice?
Contact us today to be paired with a dedicated debt recovery Solicitor.
