Our commercial litigation and dispute resolution team also handle debt recovery and asset tracing, from large one-off debts through to portfolios of unpaid accounts and invoices.
Late payment or unpaid invoices for goods and services can be a frequent issue for most businesses, with the potential to have a detrimental effect on cash flow and income. Recovering unpaid debts can be difficult, costly and time-consuming, diverting resources away from other critical areas of your business, so seeking specialist legal support can be critical to the smooth running of any organisation.
Our knowledgeable commercial litigation and dispute resolution team can assist you at every stage of the debt recovery process. In our experience, the sooner a debt is pursued, the greater the prospects of recovery. Our team will act as an extension of your own credit control process, recovering outstanding debts quickly and effectively.
Our debt recovery solicitors have a streamlined process in place for this type of work, including:
Sending a Letter of Claim to debtors
Obtaining further information on debtors
Preparing and serving statutory demands
Winding up or bankruptcy proceedings
Issuing court proceedings
Issuing a County Court Judgement (CCJ) against debtors
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