Debt Recovery
FOR COMMERCIAL AND PRIVATE CLIENTS
Streamlining cash flow is important if you are running a tight ship...
If you have reached an impasse with a debtor Risdon Hosegood can help you with a specialist legal advice in regard to your specific circumstances.
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Our Debt Recovery team regularly advise and assist private and commercial clients with:
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General debt recovery advice and the review of the debt recovery process;
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Pre legal action (including letters demanding payment by a deadline and telephone debt collection, where appropriate);
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Issuing a debt claim on your behalf;
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Obtaining a County Court Judgement (CCJ) against a debtor;
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Enforcing a CCJ, where appropriate;
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Insolvency action against an individual or a company (including bankruptcy and winding up).
Our specialist solicitors will provide you with a pragmatic advice so that you can make an informed decision about your next steps.
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Outstanding debt
An outstanding debt can be pursued for up to 6 years from the date it became due. Acting quickly and instructing a solicitor early may be more cost effective for you in recovering the sums due to you, which may include interest. Quite often pre action correspondence from a solicitor is sufficient to receive the debtor’s full payment (or to agree a repayment plan acceptable to you) without the need for a formal legal action.
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If you would like to discuss your circumstances and how Risdon Hosegood can assist you with debt recovery, please get in touch.
