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Regardless of the amount involved, our Debt Recovery Team is committed to offering a high quality comprehensive business service, helping to obtain sums owed to you by debtors, in the shortest possible time. We are happy to meet (local clients) at your premises to gain a better understanding of your business environment.
Many clients find that a review of their existing debt recovery procedures is very useful. We will advise on the efficiency of your existing systems and suggest amendments if appropriate.
Procedure:
- Writing a letter before action and supporting correspondence
- Issuing court proceedings, court fees will apply and vary with the size of the debt
- Enforcement action (if necessary)
Fees:
Competitive rates and a flexible charging structure will be agreed at the initial meeting.
- Hourly charging rates
- Percentage of the debt
- Fixed fee basis
Enforcement:
- County Court Bailiff or High Court Sheriff – The Bailiff/Sheriff will attend the premises of the debtor to seize goods to the value of the debt.
- Attachment of Earnings – Where the debtor is employed, an order can be made for the debtor to repay the debt owed direct from their wages.
- Third Party Debt Order – Should the debtor be owed money by a third party or have money in a bank or building society account, then an order can be made for the third party to pay the amount of the debt directly to you.
- Charging Order – This is essentially a mortgage which can be obtained over any land or property owned by the debtor in this country to secure the debt.
- Bankruptcy / Insolvency proceedings
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