If you run a business, making sure your customers pay their bills on time is essential to your livelihood. So when people fail to pay their debts, it’s important to get advice from experienced debt recovery solicitors.
The DebtSolve team here at Lanyon Bowdler are well used to dealing with those customers are difficult to get hold of, or seem to be on a permanent holiday, saving you time and allowing you to get on with running your business instead of chasing bad debt.
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If you contact Lanyon Bowdler’s DebtSolve team before 3.30pm by email, post or fax, our solicitors will demand payment from your debtors that day. This approach solves a lot of cases quickly, but we can also take your debtor to court if necessary.
The team is made up of experienced Business Debt Recovery Lawyers who have the resources and skills required to ensure court proceedings are successful. We use the latest computer systems from one of the leaders in the field to provide a cost-effective and efficient court preparation service for our clients.
If your debtor files a defence, our specialist dispute resolution department will step in and your case will be handled by a lawyer experienced in dealing with disputed debts.
Dealing with bad debt is a weight off your mind, but it’s even better to prevent it from happening in the first place. The DebtSolve team can provide a report which will help you improve your systems to minimise the risk of bad debts.
We can also file regular reports each month to keep you updated with the progress being made on any debts we are recovering for you.
We are keen to ensure that legal costs do not prohibit you from seeking advice and support. In some cases, we charge a percentage of money recovered so if we are unsuccessful you don’t have to pay anything unless court proceedings are issued. We can also offer a small fixed fee in certain cases.
If court proceedings need to be issued, we charge fixed fees so you know at the outset how much it will cost - and most of these fees can be passed on to the debtor.
We pride ourselves on being a friendly and approachable law firm, and provide a flexible and bespoke solution for every client. The DebtSolve team judges every case on its merits and prepares a method of recovering the debt which is appropriate for you.
From October 2017 a new pre-action protocol was introduced which applies to businesses claiming debts from any individual, sole trader or business, apart from limited companies or plcs.
The purpose of this is to encourage parties to communicate and exchange information about a debt at an earlier stage in the hope court proceedings can be avoided, and also to encourage everyone involved to act in a reasonable and proportionate manner.
The big change is that now debtors have 30 days rather than the previous 14 days to respond to a letter of claim.
Whilst this could see delays in settling claims, there are some potential advantages. For instance, agreeing a repayment plan at an earlier stage will save on legal costs and court fees, plus debtors may now involve a solicitor earlier in the process which will actually lead to a speedier resolution overall.
To keep abreast of the latest debt recovery and credit control legislation, why not come along to the Credit Controllers Network Club? The events are aimed at managing directors, financial directors and financial teams, and include a buffet lunch.
For more information, sign up here.
Lanyon Bowdler's Debt Recovery Team is recommended in the 2020 edition of The Legal 500 which says: "Telford-based Lanyon Bowdler has been building up its practice in the areas of rental recovery and property possession. "
"Sian Samuel, who leads the team, is particularly known for her work in mortgage repossession."
Give our Commercial Lawyers a call or complete our online enquiry form, to see how we can help. We have offices in Shrewsbury, Bromyard, Conwy, Hereford, Ludlow, Oswestry and Telford so are able to act for clients all over Shropshire, Herefordshire, Mid and North Wales and across the Midlands.