Debt Recovery

Many businesses fail as a result of bad cash flow. No matter how busy your business, if customers do not pay your bills severe financial difficulties will ensue. Our debt recovery department based in Guildford town centre has over 20 years’ experience recovering overdue commercial debts. Before attending a meeting with a solicitor please bring the following information:

1. List of debtors and how much they owe you
2. Any proof or evidence showing that the debt is undisputed. E.g Signed contract, terms and conditions, letters accepting offers made.

Our Debt Recovery Procedure:

• Initial Steps

  A letter before claim and or Statutory Demand will be served. This will give your customer a final opportunity to pay before proceedings are issued. If your claim is against a company, your solicitor may advise to proceed to issue a Winding up Petition.

• Making a Claim

  Depending on the level or amount of your claim, action may be commenced either in the County or High Court. Our office, being based within a 5 minute walk from Guildford County Court enables the speedy issue of proceedings. Our solicitors will discuss the court procedure with you so as to ensure that the debtor has the wherewithal to satisfy any Judgment which you may obtain. Sometimes the employment of enquiry agents will assist.
There is a possibility of making an application for what is called Summary Judgment. This can be undertaken so as to short circuit the entire court process where the debt is undisputed or upon the service of a defence it is clear that there is no reasonable prospect of the debtor disputing the claim. Our solicitors can explain this process which will have the effect of not only shortening the entire process, but reducing the overall legal costs which may be incurred.