This week, the new pre-action protocol for debt claims came into force – and it’s likely to leave some business owners and managers more…
Debt recovery solicitor
If you’re owed money, our debt recovery lawyers provide a practical, cost-effective service to both individuals and businesses in Bristol and South Gloucester.
We understand the complexities of running a business and know how important effective debt recovery is. When you provide goods or services, you naturally expect to be paid. But there will always be people who don’t pay their bills and unpaid debts can have a considerable impact on your cash flow.
Rather than spending your time chasing unpaid bills, our debt solicitors will make collecting what is due to you a priority. Our aim is simple: to recover your money swiftly and efficiently.
What is the debt recovery process?
There are three main stages in the debt collection process:
- Pre-action letter to the debtor, outlining the amount owed – often this is enough to secure repayment without further action needed
- Court proceedings for the amount owed, including interest on the original sum and compensation for late payment
- Enforcement of the court’s decision – this may involve bailiff action, a Charging Order or Third Party Debt Order
Are debt recovery services expensive?
Our debt recovery solicitors have proven experience of recovering debts for a range of clients, from individuals to large commercial practices.
We offer all new clients an initial meeting at a discounted rate with a legal specialist in debt recovery to discuss the merits of your case and provide advice and guidance.
Many clients question whether the amount they’re owed is enough to warrant legal action, whilst others think it’ll be too expensive to use a debt recovery expert. But speak to us about our fees, as we can offer fixed fee packages depending on your needs.