Newport Office

01633 251801

Pontypool Office

01495 763333

Contact Form

Newport Office - 01633 251801

Pontypool Office - 01495 763333

Debt recovery

Regular cash flow is vitally important to small businesses and recovering debts quickly and smoothly has become increasingly important in this difficult market

Debt Recovery Model

  1. Clear Terms and Conditions
  2. A friendly telephone call towards the end of the term for payment.
  3. An amicable letter as a reminder that payment is due.
  4. If, 14 days later, the debt remains outstanding, follow up with a phone call or a further chase letter.
  5. If, 14 days later, no payment has been made send a Letter before Action confirming the date after which court proceedings will be issued if payment is still not received.

Consider relationship with debtor – do you wish to do business with them in the future?

Often, a debtor will pay on receipt of a solicitor’s letter before action.

If not, is it worth pursuing? Does debtor have sufficient funds or assets?

Statutory Demand

Gives a person 21 days warning to pay the debt. Can then be followed with a bankruptcy petition. For debts over £750. Serve by recorded post.

Court proceedings

Enforcement

Details of enforcement options are available on the Court Service website – www.hmcourts-service.gov.uk. Options include:-

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