Recovery Solutions / Debt Recovery

Debt Recovery

Outstanding debts are frustrating. Whether you are a business or an individual, the impact on cashflow can be huge. Not only is the outstanding money missing from your account, but you are spending your valuable time chasing debt rather than focusing on your business. Suddenly, those small debts are costing you more and more in real business terms…

At David Allen Recovery Solutions, our team of specialists can deal with all your debt worries and let you focus on what you do best.

Three-step process

We operate a three-step debt recovery process.

1. Pre-litigation

On receiving your instructions, our team of experts will write to the debtor the same day demanding payment of the outstanding balance. They will have either 14 or 30 days to respond, depending on whether the debtor is a business or an individual.

If there is no response, we will discuss with you your options. This might be further chasing by letter, email or text, or it might be going on to issue Court proceedings.

2. Issuing County Court proceedings

If the debtor has not made payment after the pre-litigation process in step 1, you are entitled to commence County Court proceedings. This will include a claim for:
• The amount of the original invoice
• Interest
• Late payment compensation, if the claim is in the course of a business
• Court fee
• Fixed solicitor’s costs
The debtor has 14 days to respond. In response, the debtor may:
• Admit the claim in full
• Admit part of the claim
• Defend the claim
• Make a counterclaim against you

If the claim is admitted, we can liaise with the debtor in setting up a payment arrangement. If the claim is defended or a counterclaim is raised, we can advise you on your options for pursuing the claim as a defended matter.

The debtor may, of course, ignore the claim completely. If this is the case, we can apply for judgment to be entered against the debtor in default.

3. Enforcing County Court Judgments

Once judgment has been entered, our team of experts can guide you through the most appropriate method of enforcing the debt. This will largely depend on the amount of the debt owed and the debtor’s circumstances. Options can include:
• Instructing County Court bailiffs or High Court Enforcement agents
• Obtaining an Attachment of Earnings Order, whereby money is deducted from the debtor’s wages
• Obtaining a Charging Order, whereby a charge is registered against property owned by the debtor

For more information, or to instruct us today, call the David Allen Recovery Solutions Team on 01228 713070 or complete our online instruction form.

Statistics

Average total debt per UK household in August 2018 was £58,776.00

301 people per day were declared insolvent in April to June 2018

2,920 County Court Judgments were issued per day in April to June 2018