It is very frustrating when an individual or a company owes you money and they ignore your requests for payment. Empty promises of payment can lead to a breakdown in communication. Come and speak to us about your situation generally and we can advise you on the best course of action. We will ask you questions such as how the debt arose and whether the debt is disputed.
We offer an initial consultation. There are no hidden costs to get the advice that you need to move forward. You don’t have to instruct us any further if you don’t need to. At least you would have peace of mind and know which direction to take. Appointments can be in person or over the telephone, whichever is more convenient for you. Due to demand, they do however need to be booked in advance.
We can send a letter before action for you that demands the debt be settled in seven days or we will take matters further.
A Statutory Demand can be sent if the debt is not disputed. This formal demand must be settled within a prescribed period of time or the Debtor faces the threat of a bankruptcy or winding up petition being presented against them. The drafting and service of a Statutory Demand costs £250 + VAT.
We can also assist with enforcement action after a judgment is obtained.
Business Debt Recovery
It is very tempting for businesses to simply place the debt into the hands of a debt recovery company with instructions to ‘deal with it’.
This type of company may seem menacing and threatening, however be weary of the small print. They often take a large slice of the debt amount and cannot take matters further to litigation if the need arises. They quite often end up instructing solicitors to continue pursuing the debt beyond telephone calls and letters.
We provide realistic advice from the outset and can do background checks to discover the best way of securing your money whether that be via a charge on a property, via insolvency proceedings, civil court proceedings and any other option available to us.
Contact our Debt Recovery Solicitor Mounia Le Gaufey on 01707 387890 or email mlg@ewartprice.com
