Unpaid bills and bad debts are a common problem for all businesses. If outstanding debts can be brought in promptly and cheaply, it can improve a business’s cash flow - sometimes making the difference between survival and closure.There is never a good time to be owed money, but in a time of recession and recovery it can be galling to know that somebody has the benefit of your time and skill but has not paid you for it. We understand this is particularly hard for small businesses who need to be paid for their work, but are confused or frustrated by the legal processes involved. Fylde Law uses qualified solicitors for debt recovery and we have a high rate of recovery of debt.At Fylde Law we can offer our business customers and private individuals a number of services to help you recover your outstanding debts cheaply and quickly.Managing Your DebtorsThe chasing of and management of outstanding invoices can place a heavy burden on your business’s resources and time. Chasing payment from people that you do business with and might still wish to do business with is never a pleasant task.At Fylde Law, we are happy to deal with the management of your debtors. This includes:

• Sending a letter of claim at a fixed cost to your debtor
• A telephone call management service to chase payment
• Research to obtain up-to-date financial information on your debtor
• Issue court proceedings for the money owed to you
• Obtaining a County Court Judgment against your debtor
• The administration and enforcement of a County Court Judgment to ensure payment of your debt.

We can offer the services listed above either on an individual service by service basis at a fixed price, or alternatively, we are frequently happy to utilise a Damages Based Agreement, where you do not pay for our services if we are unsuccessful in recovering the money owed to you. For more information on Damages Based Agreements, please see the special section further down this page.How much will it cost?There are a number of ways in which our debt recovery services can be paid for. We offer a transparent and easy to understand fixed fee arrangement, where you pay a fixed fee for each step we take to recover your debt. These include:A Letter of ClaimThis is a formal solicitor’s letter, detailing the precise amount of money owed to you and the legal basis upon which the money is owed. The letter contains a clear and unequivocal threat of court action if immediate payment is not made by your debtor.In a high percentage of cases, this letter alone is sufficient to make sure the debtor repays you.This service also includes a chaser letter to follow the letter of claim in the hope that this will ensure that your debt is recovered, without the need to issue a formal court claim. The cost of this service is £50.00 plus VAT.