Watford Solicitors

DEBT RECOVERY SOLICITORS WATFORD

Are you owed money by customers, friends or even your family?  Getting your money back from people you have a pre-existing relationship with can be a sensitive issue, creating confusion as to what the most appropriate course of action is in terms of sensitivity and results.

The standard method of debt recovery is through debt recovery agencies.  These agencies have become extremely prolific in recent years and the approach they use has become somewhat tired and impersonal.  Often debtors will ignore any requests for payment and the manner in which they make their requests can be seen overtly aggressive, possibly causing further damage to a relationship that you may wish to maintain for one reason or another.

The tailored way

Using a solicitor will allow you to tailor the approach you take according to your surrounding circumstances.  If a debtor receives a request for repayment from a debt recovery solicitor, they are much more likely to sit-up and take notice.  All this ultimately means a high chance of getting your money back on terms that are favourable to you.

Getting your money back

• Debt recovery through a solicitor follows this general approach:
• A quick assessment as to whether the debtor can or simply refuses to pay.
• Asking whether the debtor is alleging a defence to your claim or making a counterclaim.
• Gathering all the vital documentation related to the debt.
• Asking who it is you should be pursuing i.e. an individual, company or another legal entity.
• Looking at the value of the debt – if below £5,000 it can be dealt as a small claim.
• Assessing whether the debtor is likely to become bankrupt and how this will affect your claim.
• The overall attitude of the debtor – is the debtor simply ignoring requests for payment?
• The cost and benefit of dealing with your claim through a solicitor.

Our debt recovery solicitors in Watford are in a unique position to combine local knowledge with a professional, thorough and value for money service to help you get the result you want.  We can deal with debts and businesses of all sizes and types.  Our fee structure is extremely competitive and particularly affordable for small commercial businesses and repeat customers.

To book an initial consultation with our Watford debt recovery legal team or simply ask for a quote, contact us at your earliest convenience.