Debt Recovery Solicitors

In the current climate, we understand that cash flow is vital to your business and its continued success. More and more businesses are facing bills and invoices, which remain outstanding. This can be a very stressful time for you and your business. Maxwell Hodge Solicitors has a Litigation team with over 45 years experience of recovering outstanding debts. This is why we will offer clear and practical advice on the options available and the costs involved. We aim to resolve your dispute promptly.We have a sophisticated case management system, which enables us to work quickly and effectively. We are able to prepare a Letter of Claim to your debtor for as little as £10 plus VAT. We also have fixed fee schemes available and very competitive rates.We are able to deal with your dispute from start to finish and can provide advice on the following:

• The financial viability of your debtor
• Letters before action
• Issuing of court proceedings
• Defended actions
• Judgment
• Enforcement options
• Bankruptcy petitions
• Winding up petitions

Once you have a Judgment you will need to consider the most appropriate enforcement process in order to receive payment.  Our Enforcement Guide highlights options available when considering Enforcement.

Other Services

We have access to a detailed database of Companies, Partnerships and Sole Traders, which provides up to date information about their status. This can be of great assistance to you in deciding how much credit you extend to your clients and is an effective way of monitoring their business before problems arise.For £200 plus VAT you can sign up to our database for a year and provide us with a list of up to 200 businesses that you would like to monitor. You will then receive e-mails immediately upon changes to any business on that list.The information contained on the database includes, but is not limited to:

• Registered Office and Trading Addresses
• Dates of incorporation & previous names
• Accounts and banking Information
• Group companies
• Any County Court Judgments
• Striking off notices, winding up petitions & High Court actions
• Profit & Loss and Balance Sheets
• Directors & Secretaries
• Share structures & mortgages