Debt Recovery

A debt collection firm can write letters and threaten court action, which may persuade some debtors to pay. From those debts which are paid, a percentage is likely to be deducted before the remainder is remitted to the client.

As a firm of solicitors, we can offer the full range of...

The general rule in litigation is that expenses follow success, and debt recovery is no different. However, in many cases the expenses will not cover the cost of a solicitor, particularly when the action is a Small Claim (up to £3,000). Accordingly, the smaller the debt, the more attention must...

Yes – these debts are enforceable in the same way. However, while there is no defence to an action for a debt which is admitted to be due, an individual has options to delay payment of the debt.

A Time to Pay Direction can be applied for where the debt is under £25,000, and in submitting...

If we have written, and the debtor does not respond, you have the option of court action to recover your outstanding debt. This is often very straightforward – if there is an admission that the debt is correctly due, there is little that can be done to defend the action, and decree for the sum...

The initial step is usually by writing to the debtor, making it clear that if payment is not made, the matter will proceed to court, and they will be responsible for the resulting interest (which in the absence of any other agreement is at the judicial rate of 8%) and expenses.

A letter...

No problem – let us handle it. From initial letters to court proceedings and ultimate recovery, we will diligently pursue debtors on your behalf.

The problem with letting the occasional debt go is that it will often send out the wrong message to debtors. While flexibility is required in most businesses, being seen as a “soft touch” is likely to be detrimental in the long run.

With DJP Solicitors’ cost-effective options for debt...

Some important questions about debt recovery answered.