Legal Debt Recovery
Newtons debt recovery solicitors provide advice and assistance for commercial organisations and individuals.
Our team of debt recovery solicitors specialise in advising on the debt recovery process. We can assist commercial organisations and individuals when it comes to debt recovery law.
Debt can have a crippling impact on cash flow with the additional time and effort in chasing payment eroding any remaining profit from the settlement. The financial implications of unpaid invoices can have a significantly detrimental effect on mental health, and we recognise the immense stress and pressure that chasing debt can cause.
Because debt recovery can be complicated, our debt recovery solicitors work closely with you to find the best legal debt recovery strategy. Our debt recovery law team offers a one-to-one approach, tailoring the legal debt recovery process around your personal or business needs and advise on the best recovery methods for you.
Our debt recovery solicitors can help with:
- Pre-Action Advice and Collection:
The legal debt recovery process begins with the pre-action protocol. A pre-action Letter of Claim should be provided to the debtor by the collector with information including the amount of debt, the date of the agreement, where the debt has been assigned etc. Our debt recovery solicitors will provide you full support in drafting this letter with the aim of recovering debts without heading to court.
- Court Proceedings:
You can instruct us to issue court proceedings if a debtor has failed to return debts owed after pre-action has been taken. We will advise you on the likelihood of making a successful claim and, if you wish to proceed, we will issue a claim quickly and support you throughout the entire process.
- Enforcement Action:
With a court order, enforcement action can be taken immediately. Our debt recovery law specialists will advise on the best course to take when it comes to enforcing debt effectively.
If a debtor is already bankrupt, then we would advise on bankruptcy proceedings and advise on winding up proceedings.
If a debtor has liquidated their assets without settling their debt, our experienced solicitors will advise on the best course of action to take to give you the best chance of recovering all money owed.
The sooner debts are acted upon, the better the chance of a successful outcome. Our highly experienced litigators regularly achieve excellent results for clients across the business and individual spectrum. We can also offer you advice and assistance with statutory demands, winding up petitions and personal bankruptcies.
We can advise on writing letters or assist with negotiation if the claim is disputed. In the event of a dispute, our team of disputes solicitors can step in. Suppose the situation escalates to taking legal action against the debtor. In that case, our debt recovery solicitors will guide you in the best course of action to lead to a favourable result for your business or you as an individual.
Contact our expert debt recovery solicitors.
To get the legal debt recovery process started, please contact Newtons Solicitors today. We will deal with your predicament with the highest level of professionalism, expertise, and sensitivity to help you recover the debts you are owed.