Debt recovery advice
Debt recovery lawyers
Successful management of credit control and debt recovery requires skilled attention. Unpaid invoices represent a serious threat to cashflow and profitability. Whatever the reason for non-payment, our priority is to place you at the top of the creditor’s payment list.
We also have an online debt recovery service, please click below for more information.
Our experience in debt recovery
Debt recovery is an area of expertise requiring both experience and an ability to move with changing economic climate. We have many years’ experience of a broad mix of debt recovery work in relation to both trade and consumer debt.
Our debt recovery experts have a wealth of experience and are supported by the latest technology and backed by specialist partners with a strong background in commercial law, litigation and insolvency.
We are consistently highly ranked in the legal directories, our bulk recovery service described as “excellent” in the Legal 500. Chambers also referred to our “first class service” in recovery work, and added that clients “couldn’t praise it enough”.
“They do not operate a ‘one size fits all’ approach”. - Chambers
“The firm places a premium on building strong relationships with its clients, who report that this “experienced” team is “second to none”. - Chambers
At the Credit Today Awards In May 2005 Barry Hogg was awarded Litigation Specialist of the Year.
Our clients range from banks, financial and insurance institutions to major utilities, corporations, owner managed businesses and individual traders. This affords us a detailed understanding of all perspectives and the ability to handle your case with insight and expertise.
Because of our flexible structure and wide range of experience we can service clients with high volume debt recovery needs as well as giving our expert attention to low volume, high value cases.
About debt recovery
Successful debt recovery requires planned action, which may range from immediate insolvency proceedings for high value corporate debts, to traditional Letter Before Action processes and court proceedings, or our pre-litigation service where we have developed a comprehensive letter and telephone collections service ensuring the prospects of recovery of over due accounts are increased. We don’t believe in a “one size fits all” approach, but develop bespoke debt recovery solutions tailored to the needs of specific organisations and sectors.
When litigation is required
If litigation is required, we can help you pursue your case through the courts. Debt recovery actions are issued either in the County Court or High Court utilising the expertise of experienced members of staff. This litigation is undertaken at agreed fixed fees and we will discuss and agree these with you. We pride ourselves on being open about cost, with no hidden charges.
Successful litigation produces a court judgment but it is sometimes said that this is the easy step. The hard work starts when converting the judgment into cash. Our expertise comes into its own in the field of enforcement. Instructing bailiffs or enforcement officers is often seen as the “next step” but we can advise on alternatives, such as:
- Insolvency Proceedings
- Information Orders
- Attachment of Earnings
- Third Party Debt Orders
- Charging Orders
Our effective and well advised action assists in recovery, translating the judgment into cash.
Insolvency – winding up and bankruptcy petitions
Insolvency proceedings are not the end of the road. A winding up petition against a company in respect of an undisputed debt is a powerful negotiating tool. Bankruptcy proceedings against an individual can be taken on the basis of a judgment but even in these circumstances we work hard on your behalf to obtain payment and to avoid the insolvency of your debtor.
BWonline
Our expert debt recovery service is enhanced by our online debt recovery system providing 24 hour access to a complete instruct and case review facility , so you can manage your accounts at your convenience.
Securities
In addition to our debt recovery service we can advise on ways to secure debt at any stage during the credit cycle. This may be guarantees from directors or holding companies, charges over property or other assets, or an assignment of monies owed to your debtor.
Our comprehensive credit and debt service, enhanced by our experience and expertise, ensures that your debt is safe in our hands.
Call us now on 0870 1500 100 to arrange a consultation, or use the links above to drop us a line.