Recovering a Debt Without Court Action

Whenever a debt falls due, creditors are advised to immediately contact the organisation or individual in question to make them fully aware of the situation. This can be a laborious and frustrating process for business owners whose time is better spent focussing on the important tasks involved in running their company.

Our team of debt recovery solicitors can act on your behalf to begin communications with your debtor to try and resolve matters quickly. It may be the case that payment has not been made due to an oversight on their part, or because of temporary financial problems that will be quickly resolved. Whatever the circumstances, your lawyer will contact your debtor to alert them about the sums owed and to make them aware of the consequences of their failure to pay. We will write to your debtor informing them that the debt must be repaid within a reasonable period (usually 7 days) and that legal action will be forthcoming if they fail to do so. Where the contract permits it, or when the transaction is covered by late payment of commercial debt legislation, we will also inform them that interest is payable on their debt.

Our experience tells us that contacting debtors promptly by way of a solicitor’s letter which clearly sets out their requirement to pay is in the majority of cases sufficient to achieve a positive result.