Managing Debt Recovery
There are four stages to commercial or civil debt recovery:
- Letter before action
- Issue of legal proceedings
- Judgment and enforcement of Judgement
- Bankruptcy/Winding up of creditors who are unable to pay
The debt recovery process starts with a Letter Before Action, which is a stipulation of the civil procedure rules which governs legal proceedings in the UK. Many times this is all that is required to prompt the owing party to pay what is owed.
If the debt is not paid, the creditor can choose to take the case to Court Action then if necessary obtain a County Court Judgment and Enforcement when a County Court Bailiff or High Court Enforcement Officer be able to attend the debtor’s premises to recover the debt.
Our step by step pictorial guide and commentary will walk you through the key stages of commencing legal action towards the recovery of monies owed you.
For a fast and expert assessment of your case call us on 0845 6 808 251 or complete the Contact Us form.
Step by Step Guide to Starting a Court Claim
With our ultra cost-effective solution, allow us to deal with this all-important first step in the legal debt recovery process.
Statistics show that 70% of debtors pay back debt owed within 7 days of a letter before action being sent out, allowing you to improve your revenue stream even with aged debts.
Our letters, drafted by legal professionals with many years of debt recovery experience will get your invoices paid fast.
+No setup charges or retainers
+No commission charges
+No percentage charges
+No hidden extras
All you have to do is let us know who owes you money, their address and how much they owe. We’ll then send the letter before action. You can expect the matter to be settled within 7 days.
With our ultra cost-effective solution, allow us to deal with this all-important the legal debt recovery process.
The process is handled by our expert legal professionals with many years of debt recovery experience will get your invoices paid fast.
No setup charges or retainers
No commission charges
No percentage charges
No hidden extras
All you have to do is let us know who owes you money, their address, provide us with a copy of the invoice & how much they owe and let us get on with it.
This Package Includes:
Letter before action
Issue of legal proceedings
Judgment and enforcement of Judgement
£375 plus VAT
Do it yourself with our Debt Recovery Document Pack. Ideal for start-ups and for companies who want to control legal costs. Use it as many times and for as many debtors as you like. The Debt Recovery Document Pack contains the pre-drafted Letters you need to successfully get paid and can integrate seamlessly with your existing customer relationship management system. You get the following:
+An initial debt chaser Letter
+A second debt chaser Letter
+7 day Letter before Action
+Debt Recovery Court Form
+Easy to Complete Particulars of Claim
+Easy to follow step by step guide