Debt Recovery

What action can you take if your business is owed money?

We can help you recover the money that is owed, quickly and cost-efficiently. Via the following procedure.

Pre-legal collection – This is the first step of the process, whereby we inform the debtor of our intention to seek payment. Letters and phone calls are sent before any action is taken.

Legal action – If the debtor does not respond, the next stage is to propose the possibility of either/or the following actions; a County Court claim, offer mediation services, defended legal actions, enforcement, negotiation, and advocacy.

Payment agreements – We broker an agreement with the debtor to repay the debt. The agreed repayment plan will be monitored and assessed; if unpaid the debt will be chased.

Insolvency actions – If a company’s assets are insufficient to pay its debts, we will advise on the best course of action. These include bankruptcy, Company Voluntary Arrangement (CVA), Individual Voluntary Agreements (IVA) and liquidation.

General debt recovery advice – This service provides a Pre-action protocol for debt claims, a process review, credit control and credit management advice.

Contact us

We keep our clients updated and provide professional advice at all stages of the debt recovery process. 

To speak to one of our solicitors contact us on 0161 798 9000.