Debt Recovery

Unpaid debts can have various unpleasant consequences ranging from cash flow difficulties; refusal of prompt payment discounts, and banks not recognising long term debts as collateral.

Read our top tips on Commercial Debt Recovery.

We are experienced in debt recovery and have an efficient debt recovery collection service, staffed by experienced solicitors, it is a cost effective way to recover money owed to you.

For £100 + VAT plus disbursements (e.g. a court fee), we will take care of the following:

  • Free initial telephone advice
  • Economic recovery of any size of debts
  • Serving a Notice of Intention to Issue a County Court Claim
  • Court proceedings issued and judgments enforced
  • Interest claimed
  • Majority of costs recovered from the debtor, if the case is successful
  • Enquiry Agents instructed to trace a debtor

On recovering all or part of the debt, our fees are:

Amount Recovered

Fee

Up to £1000.00

15% debt recovered inclusive of VAT.

Over £1000.00

10% of debt recovered inclusive of VAT.

 

If the recovery of the debt hasn’t been resolved following judgment, we can enforce the debt by:

  • Instructing the County Court Bailiff or the High Court Sheriff to seize goods
  • Questioning the debtor at court to ascertain his assets*
  • Obtaining an attachment of the debtor’s salary*
  • Obtaining a charge on the debtor’s property*
  • Bankruptcy or winding up proceedings*

(* These procedures will attract a separate fee in addition to our standard fees.)

Please call us on 0161 624 6811 (Option 6) or complete the Debt Recovery Questionnaire

Team: Vijay Srivastava and Shalish Mehta