Debt Recovery
DEBT RECOVERY SOLICITORS NORTHAMPTON
Is your business owed money by a business debtor or does a member of your family or a friend owe you money personally ?
Whichever may be the case, incurring costs on legal fees to try and recover such a debt is not only annoying but it is important to be clear and upfront, there can be no 100% guarantee of recovery. However, instructing experienced solicitors, at cost effective price, can at least maximise your chanaces of recovery.
Some businesses will simply ignore polite requests for payment until they recieve a creditor’s solicitors letter or a county Court claim and many debts get paid at that stage. Some will pay upion receiving a standardised debt recovery letter from a debt recovery company, but many debtors do not take these letters seriously.
In short, no 2 cases or debtors are the same and with a debt of any size ot is generally vital to act rapidly, to find out as much as possible whether the debtor “can’t pay” or “won”t pay” and to act accordingly.
Northampton debt recovery solicitors are highly experienced at maximising the chances of recovery, whether through form initial action, which can sometimes include use of a statutory demand for a debt of over £750.00. court process or by enforcement post judgment, all at cost effective rates. We recognise that there can be cheaper alternatives to instructing us, but as in most things in life you get what you pay for.
We generally approach debt recovery issues in the following way :-
- Is the debtor being honest ?
- Is there any vaible defence, counterclaim or technicality which could damage a court claim or have unforeseen consequences for you ?
- Is the position on the debt clearly documented and are you sure you can pursue the correct company, individuals or legal entity
- How much is the debt ? Is it sensible and proportionate to incur legal fees, can they be recovered i.e is the claim a small claims matter ?
- Does the debtor have something to lose if a judgment is obtained, with the ultimate threat of winding up or bankruptcy ?
- The general attitude of the debtor. Is the debtor likely to simply ignore phone calls and letters from debt collection agencies