At Farleys, our expert debt recovery solicitors understand exactly how complex and sensitive debt recovery cases in Accrington can be. We do everything we can to minimise the impact of any financial difficulties which can often result from debtors defaulting on payments. Drawing on extensive specialist legal expertise, we take care to provide an efficient and proactive service, making sure to keep you in the loop at every stage as we assist you in recovering your debt.
Working from our offices in Accrington and around the North West, we provide cost effective debt recovery services to clients throughout the UK, and we’re experienced in dealing with businesses of all sizes, from SMEs to larger organisations as well as individuals.
We recognise that when it comes to debt recovery, there are no ‘one-size-fits-all’ solutions. That’s why we offer a variety of different debt recovery services, so that we can employ a range of different techniques to maximise results for our clients, depending on what the situation calls for. We always take the time to understand your business and your circumstances, so that we can recommend the best course of action for your specific situation. What’s more, we provide all of our business clients with a single point of contact, streamlining communication and making sure that it’s always easy for you to stay up to date with the progress of your case.
If you’re worried that your business may be impacted by debtors failing to make payments on time, and you feel you could benefit from the input of a specialist debt recovery solicitor, feel free to get in touch with us.
We always start each of our debt recovery cases in the same way – by sitting down with you to have a detailed discussion about the background of your case and the circumstances which have led to the debt. This also provides you with an opportunity to ask us any questions you might have about the process. After this initial discussion, the next step is for us to write a statutory demand to your debtor on your behalf, to demand payment of the debt.
Once they have issued a response, or failed to within a certain period of time, we’ll then sit down with you for another conversation; this one focused on exploring the best ways to move forward with a view to recovering your money. We have specialists in a range of different legal sectors here at Farleys, giving us access to all the knowledge and expertise we need to help you work towards reaching a firm conclusion to your case.
A statutory demand, sometimes known as a statutory letter, is essentially a written communication from a creditor to a debtor, notifying the latter of impending legal action unless they pay an outstanding debt within a certain period of time. Most statutory demands stipulate that the payment must be made within 21 days, but this timeframe can sometimes be changed at the creditor’s discretion.
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It depends. If you have a contract with your debtor, this may have already established a framework for how interest may be charged. If there’s no written contract, there are various provisions in Acts of Parliament that may allow you to claim interest, potentially even if it was never discussed at the time. This is something we can discuss with you at the outset of your case, so that you know the full value of the claim and can consider the costs of legal action accordingly.
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For a confidential discussion with one of our solicitors,
please call 0330 134 6430 or email us
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What evidence do I need to begin the debt recovery process?
If you have them, commercial documents like a written agreement, purchase order and delivery note are all examples of the type of useful evidence that can help your case. It’s always helpful to gather as much written evidence as you can. However, realistically, creditors sometimes encounter difficulties in collating one or more of the above, and obviously things like purchase orders aren’t always applicable in disputes between individuals rather than entities. If the same is true for you, it’s worth bearing in mind that ultimately all you really need is proof that your debtor requested something from you (such as a product or service) and that you delivered it. All correspondence from that point onwards can be used as evidence for legal proceedings.
However, realistically, creditors sometimes encounter difficulties in collating one or more of the above documents, or they may have only had verbal discussions with the debtor and never had any paperwork in place. If that is the case, we can work with any evidence that you can provide and your explanation of the arrangement agreed with the debtor to set out your case as clearly and fully as possible, in order to minimise the chances of the debtor trying to argue against the money outstanding. If they do try to dispute (part of) the debt and it becomes necessary to go to Court, we can help you ensure that the Court will see that you are more credible and the debt is legitimately owed.
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