Debt Recovery Solicitors
The last thing your business needs is for your customers to treat you as their bank. You’ve done the work and need to be paid. Cash flow is the oil on which companies run and nothing is more damaging or infuriating than a string of unpaid bills.
If you have a debt over £1,000 which you have tried to recover but without success, Curwens offer you a cost-effective debt solution – "Prompt Pay". Our initial approach is to negotiate a way out of the stalemate for you in order to achieve the highest return at the lowest cost. Litigation is only used as the last resort.
Debt Collection Services
- Speeding up your cash collection
- Bulk debt collection
- Drafting particulars of claim
- Obtaining a county court judgement
- Defending insolvency or bankruptcy
- Winding up a debtor's company
- Dealing with bounced cheques
- Claiming interest on your unpaid invoices
We can help you
Working within a reasonable and agreed budget, we will pursue your claim in the fastest, most cost-effective manner possible. We will get on with chasing your debts for you so that you can concentrate on running your business.
Call us now to speak to one of our expert advisors.
Often it can be quick, but it will depend on your particular circumstances. Often our initial letter will yield a good result but sometimes other factors emerge such as:
- The debt is disputed
- The debtor moves away or goes into receivership, liquidation, administration
- The debtor actually has no money • The correct identity cannot be established
- The debt is very old With slow payers, it pays to take action as soon as possible, otherwise you may find that you were too late. Very often slow payment is due to cash flow problems.
So, if a debtor has only £5,000 but owes £25,000 worth of bills, they will usually pay the people that don’t ‘let them off the hook’. Our advice then is not to let the money run out. Once you employ our services they should realise that it is in their own interest to resolve the matter and also that you are serious about recovering your money.
It depends on the debtor but we usually write to them but in some circumstances we may telephone them. We would always follow up any telephone call with a letter to confirm what has been said. If the debt cannot be resolved or the debtor does not respond, the next step is legal action. If our initial approaches do not bring about a positive response from your debtor, we will normally proceed to Litigation. We will do this only if we think it is likely to produce a positive result (If it becomes clear that they have no money then litigation will be a waste of your money). You may then decide to write off the debt.
If it very difficult to obtain full payment from a company that is truly in receivership or liquidation. Often you may be told that this is the case before it has actually happened. We can check this for you and take appropriate action if the company is still trading. If the company has failed, we will ensure that you are informed of meetings and who the other creditors are.
We are experienced in managing negotiations, ensuring that the court we see how hard we worked to achieve a reasonable settlement prior to the hearing, thus aiming to keep costs down. Assuming we then win, the court will often see that the now higher costs were not our fault and will, accordingly, decide in our favour. You, our client, will ultimately be responsible to Curwens for our costs.
Yes, of course! Other debt collection services can’t do this. We can advise you of the legal process of litigation and give you a clear understanding of the cost vs benefit equation. If it better to settle with your debtor for a far smaller sum we will advise you so
You will be invoiced once the work is completed.