Do you have a client who doesn't pay the invoices for your company?
Our debt recovery attorneys have the means to make restitution to your creditors.
We'll do our best to raise the funds from the moment you turn your debt recovery matter over to us.
We are a debt collection firm committed to debt recovery. We have knowledge and experience at our fingertips to support you in the restructuring of your corporate debt.
1.1 Call the debtor promptly and inquire why no payment has been received. Is there no answer? So send a letter of claim The client can wait until you hire a lawyer, as is common in the UK.
2.1 Before handing the petition to us for rehabilitation, it is customary to give a final letter of submission. This should include the following information: particulars of the claim; a payment period of 7 to 21 days; repercussions if the consumer fails to pay within this timeframe.
3.1 Debt recovery attorneys have more means available than a debt recovery service or bailiff to put pressure on your debtor. We can also support you during both the extrajudicial process and the judicial phase. Which saves you both time and money.
4.1 We will always send you clear guidance about the chances that your debt recovery plan will proceed. It's very important to us to put your needs first. And we always think what your best option would be. That is the reason why honesty and justice are our core values.
5.1 Our approach to commercial debt recovery is tailored to every single case, presenting you with personalized guidance.
6.1 Our approach to commercial debt recovery is tailored to every single case, presenting you with personalized guidance.
7.1 The method of debt collection may be split into two stages. Selection takes place during the extrajudicial process, without the intervention of the Court.
7.2 They do include the Court during the judicial process. Because we are a debt collection firm, we are able to assist you in both processes. Most of the problems are settled during the extrajudicial process, without the intervention of the Court.
8.1 In principle we always start with the extrajudicial phase of the debt collection process. We're trying to prevent interference by the Court during this process. We must email your debtor to make sure your debtor has still not billed. We do have the following options at this stage:
8.2 The Courts are actively encouraging ADR. In reality, if a group has unreasonably refused to engage in ADR they do not like it. What ADR approach is correct for your situation depends largely on whether the debtor is willing to engage, and the sort of contractual relationship that you have;
8.3 Announcing legal proceedings: Announcement of legal proceedings will often induce the British debtor to pay.
9.1 If the claimant fails to pay within a specified period of time, we can begin legal proceedings in consultation with you. We will always provide you with information about possible costs in advance, and we will only continue after you have received your approval. To move against your debtor we have the following options:
Winding-up / bankruptcy petition: Unlike in other European countries (for example, the Netherlands), bankruptcy proceedings in the United Kingdom are not very fast or inexpensive. It is viewed as a' third step' to debt recovery. This takes several months, and is quite expensive in England and Wales. Hence, debating with a Solicitor whether this is the right thing for your case is important.
In the case of an uncontested dispute between two parties residing in EU Member States (except Denmark).
European order for payment proceedings may be initiated.
In your case, the prosecutor who manages your case will decide whether this kind of action is acceptable.
The claimant typically filled out a standard form for EU Order for Payment procedures and submits this to the Tribunal. Instead, the Court issues a European Transaction Order.
The debtor then has 30 days to decide whether they object to the charge. If no response is obtained within the 30-day timeframe, you can require the Court to finalize the payment order (called a "declaration of enforceability").
This decision is true and enforceable and is recognized in any Member State (except Denmark). The EU Transaction Order is never useful for contested matters (so not in situations where there is a disagreement over the invoice).
The benefits of this process are convenience and low costs (some Member States don't even charge a court fee), but the downside is that if it gets challenged, the case stops and if the claimant wants to continue, a regular civil action will have to be launched.
Our business debt recovery methodology is customized to every single instance, so that we can provide objective advice to you.
We will always give our objective advice on the likelihood of your debt recovery being successful.
It is essential to us to place your interests first; we aim at providing you with your possibilities and suggestions on the best path to take. It is clear to see how we are pursuing our fundamental values of integrity and justice.
- Contact your customer and demand why no payment has been and when exactly it will be.
Always request the payment copy sent to you.
- Are you not able to solve the problem with your customer? Send them a certified letter requesting immediate payment.
- Be conscious that with ambiguous payment terms or arguments, your Wales based debtor may try to gain additional time.
Persevere, be direct and never postpone.
- In England and Wales, a payment period of three to seven days is normal
Our Wales and English debt collection experts have comprehensive experience and perspective of England and Wales laws and policies.
Therefore they are perfectly aware of Wales trading values and traditions.
Which makes it easier for your English debtor to quickly make payments.
Contact Us and Get our comprehensive article about how to collect a debt in England Wales, using the amicable and legal options. This is best debt collection guide on Wales your will ever find.
Because we can start collecting today. Our technology enables us to give you best in class collection services so we can locate the individual debtor quickly, and get you paid today.
We follow your instructions at all times and ensure regular communication with you via collection reports, recommendations regarding debtor payments, payment plans and, where necessary, repossession and Court proceedings.
We have prepared for you a comprehensive article about how the debt collection process works in England and Wales.
See the country report on our Blog: