We have many clients that approach us requiring our expertise in the field of Debt Recovery. When first approached by a client we like to assess the collectability of the debt before embarking on the debt collection process.
We will on most occasions ask for a short synopsis as to how the debt occurred, what has been done to collect the debt so far, have you done business with the debtor before?
We ask the client to forward this information to help us make an informed decision on the best way forward in the debt recovery process.
Debt Recovery is never easy and often the tactics to collect the debt are un-quantified. Debt Collection letters and e-mails followed by phone calls and text messages are the first approach we make to the debtor.
After the agreed time scale has passed and without collection success we contact our client for discussions on the options available in order to take the debt recovery to the next level. The next level will normally mean the intervention and the necessity of the legal process.
This will take several different routes, either the County Court or High Court. Alternatively we would recommend the use of a Statutory Demand which will lead to bankruptcy in the case of an individual or a Petition to Wind-up a business.
Up until the legal process we do not charge fees for our debt recovery work. At the point where we have to pay court fees, translate documents, engage our legal team and serve documents often all over the world, costs will be payable by our clients.
These fees will be required prior to any legal work being under taken. Each case is taken on it’s own merits attracting different charges.
Please feel free to contact us. We will get back to you within 1-2 business days. Or just call us now