Debt Recovery Solicitors

No matter how detailed your contracts or how carefully you select your customers, in business you still find that customers do not pay on time, causing you time and money chasing these debts and restricting your cash flow.We operate a debt recovery time table and ensure that your business meets its obligations under the Civil Procedure Rules and complies with the Office of Fair Trading's requirements for debt collection. We can assist you with drafting agreements with your customers to ensure your expenses and interest is recoverable along with the debt, or in certain agreements ensure you retain title or security over goods held by the customer.We send an initial solicitor's letter before action, followed by proceedings and enforcement of Judgment using suitable methods depending on the circumstances of the debtor. This can include

• Obtaining a charge against property
• Sending bailiffs to obtain assets to sell
• Request for deductions from wages or salary
• Ask a bank to repay monies from an debtor's account

We can also draft and serve a Statutory Demand which puts the debtor business at risk of insolvency proceedings should the debt not be resolved.Whatever action suits you best and whether you are owed a single debt or have multiple debtors, we can assist you.For expert legal advice from Hull Debt Recovery Solicitors telephone us on 01482 223693 or e-mail us on info@myer-wolff.co.uk... Talk to us