Is Your Business Suffering From Cash Flow Problems Due To Unpaid Commercial Debts?
If your business is owed money, it can be frustrating and time consuming trying to recover the payments that are owed. When you have taken all reasonable steps to get payment and had no response, taking legal action is often the only way forwards.
What Action Is Best For My Business?
Oakwood Solicitors can help you recover these unpaid debts which in turn will help your business thrive. Our specialist Debt Recovery Department has experience in collecting a range of outstanding commercial and personal debts for all types and size of businesses. Our Debt Recovery Solicitors have a wealth of knowledge in dealing with a whole manner of issues and are highly experienced in handling the process from first instruction, right through to enforcing a Court Order.
Our Debt Recovery Department have the necessary skills to recover the money owed to your company. We appreciate that in some cases a gentle approach is required to prompt payment whilst maintaining your business relationships. This could include sending out a Letter Before Action and telephoning the Debtor to make them aware that the amount is outstanding. For those invoices that require a stricter approach with the Debtor, it may be necessary to issue Court Proceeding and obtain Judgment in order to enforce the matter to recover the debt that is owed to you.
What If The Debt Is Disputed?
In some cases the Debtor might dispute the fact that some or indeed all of the payment is due in its entirety. The Debtor may be an important client you may not want to irritate or maybe even someone you may know personally. Whatever you position, we can help you create a suitable strategy to ensure these outstanding debts are paid.
How can Oakwood Solicitors Help me?
Our Debt Recovery Solicitors use an even work flow which includes a combination of letters, making telephone calls and if need be issuing court proceedings. Our cutting edge case management system ensures that debts are promptly chased via different means, which creates the best prospects of gaining a response from the Debtor.
Oakwood Solicitors will provide updates at each stage of the Debt Recovery process which may include but is not limited to: –
- Pre-Litigation work
- Tracing Debtors
- Issuing Court Proceedings
- Enforcement of Court Orders
We help our Clients to achieve their business objectives. We provide effective legal advice to create a well-managed agreement to deal with unpaid Commercial Debts.