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Commercial and Personal Debt Recovery

Manchester

0161 248 4444

Blackburn

01254 917425

Debt
Recovery

Recovering the money that customers, clients or companies owe you can be time-consuming and costly. This is where you should seek help from the experts at Ashwood Solicitors, as we work hard to recover the debts cost-effectively and in a timely manner. Our team are experienced in dealing with Commercial and Personal Debt Recovery cases; we often settle cases easily without the need to take formal legal action.

At Ashwood Solicitors, we understand the importance of balancing bad debts against the cost of recovery; this is why our debt recovery service is tailored to each individual client. Our expert team have the expertise needed to support you when pursuing commercial or personal debts owed to you.

Unlike debt collection agencies, we are a commercial extension to your business; we aim to build ongoing relationships with you to provide support over time. Enforcing and collecting debts can be a difficult process, which is why we employ a clear plan of action for your individual requirements.

Ashwood Debt Recovery Service

We can clearly explain the legal issues surrounding debt recovery and provide you with expert advice tailored to your specific circumstances. Our legal team have the expertise and knowledge to handle debt recovery cases professionally and can give you advice, including the best course of action to take.

At Ashwood Solicitors, our debt recovery service can be tailored specifically to each client’s needs which include:

  • Letter before action
  • Issuing proceedings
  • Judgements
  • High court enforcement
  • Bailiffs
  • Third-party debt orders
  • Statutory demands
  • Winding up petitions
  • Bankruptcy petitions
Debt Recovery Solicitors

Our Commercial Debt Recovery Process

There are four main steps to follow when collecting a commercial debt, at Ashwood Solicitors, we have detailed it below to enable you to further understand the process.

  1. Step one is to send a Letter Before Action (LBA) to the debtor, according to a study 75% of cases end in settlement. However, if the matter is not settled and payment is not received, we then move to step two.
  2. The next step means issuing court proceedings to the debtor.
  3. The third step is where we obtain a County Court Judgement (CCJ) on the debtor.
  4. The fourth stage is the start of enforcement action; this could be insolvency or bankruptcy action against the debtor.

Our Commercial Debt Recovery Process

For unsecured debts, you have a time limit of 6 years from the date the debt started and then from when it was last acknowledged by the debtor, to start a legal claim. If it is a secured debt, you have 12 years from the date of the debtor last acknowledgement of the debt. If this time has run out, you may be unable to recover the debt unless you can get permission from the court to pursue it.

Free Initial Discussion

For a free initial discussion and a no-obligation quote, call our friendly team today on 0161 248 4444 or email us at info@ashwoodsolicitors.co.uk and a member of our team will get back to you.

Rated as Excellent by our Customer Reviews

EXCELLENT

4.9/5

Out of 980 reviews 

Why Choose Us?

Our depth and breadth of expertise have meant we could assist clients with a wide range of homelessness matters.

  • Years of extensive specialist experience during high-value debt recovery cases
  • We take a pragmatic view when it comes to debt recovery, finding the best solution.
  • We offer a personalised service to clients, including asking for client satisfaction.
  • We aim to provide clear advice and full-costing that is involved when recovering debt.

The Ashwood Solicitors approach is proactive and means we can work with you to achieve your objectives and deliver successful outcomes as efficiently and swiftly as possible.

Rated as Excellent by our Customer Reviews

EXCELLENT

4.9/5

Out of 980 reviews