Debt Recovery Services & Credit Control

Getting your debtors to pay their bills can be difficult and time consuming but it is a task all businesses have to confront at some points. For many companies, outstanding invoices are their biggest assets and overdue bills continue to be expensive to collect and a distraction.We can help with debt collection. Once a third party is involved it is often the case that debtors pay faster as our letters carry a lot of extra weight and are no longer an idle threat.In some cases debts can be recovered simply by corresponding with the debtor. But if this is not the case then our legal team can deal with any unfortunate monetary problems and will advise you about the range of options which are open to you and provide full support and efficient assistance at every stage of the debt collection process. We can deal with sending out initial letters of demand right through to potential court proceedings and enforcement action.Once you have requested these services you can rest assured that debtors will be pursued vigorously and the debt is recovered as quickly and efficiently as possible.
In some cases we may recommend the service of a ‘Statutory Demand’ which will depend both upon the amount due and the nature of the debtor. If you are chasing a large debt over £5k and court action is necessary or the case is likely to be disputed and complicated then using a solicitor in this field is essential. However if a case is not contested and a court order is obtained then we will advise on how the judgment may be enforced.Overall the options of debt recovery go far beyond ‘sending in the Bailiff’ and solicitors in this field will consider all carefully. And even if this fails then insolvency proceedings can be pursued as a means of recovery.A good credit control is important to manage customer purchases and debts, ensuring that the business has a healthy cash flow. If credit control is not managed sufficiently and debts outweigh the profits then insolvency is a major risk.Therefore it is a good idea to seek legal advice as soon as your business starts getting into trouble. Typical warning signs are when you can not cover debts, a County Court summons arrives, staff wages can not be paid and there is an acute lack of working capital.

Property Disputes

Problems can often arise in relation to your property, whether it is owned or rented. Very often these involve highly charged emotional issues and we recognise this. Lawyers at Witts Moloney who deal with property disputes are senior and experienced solicitors. They will give your case the sympathy and understanding it deserves, while at the same time taking a step back from the emotional issues before giving you best legal and pragmatic advice.