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Debt Recovery

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Pre-litigation debt recovery activities

When debtors are refusing to respond to letters and phone calls, you may feel like there is no way of recovering the money you are owed. We can recover these debts for you and when possible, recover them outside of the courts.

Letter before action (LBA)

If your debtor receives a letter from a reputable law firm advising that legal action will be taken should they fail to meet payments, this prompts most people to resolve the matter as quickly as possible. We can draft an LBA that is applicable to your situation in order to recover the monies owed to you.

An LBA generally includes:

  • A formal warning: we will usually advise your debtor that they have 14 days to repay the debt specified before legal action is taken
  • A clarification on proceedings: we may advise the debtor that if they do not repay the debts specified they may become liable for the court fees of the creditor
  • An outline of interest: we can find out how much interest you are entitled to as a result of the debtor failing to repay you and state this in the LBA.

What are the benefits of pre-litigation debt recovery?

  • First and foremost, there are fewer costs involved. Taking court action can be very expensive and most matters can be settled before the case goes to court
  • It can be less time-consuming; court action can take up a lot of your time and energy whereas we may be able to recover payments with a simple letter or phone call
  • It saves you and the debtor the stress of going to court

Call our legal experts today

In the initial stages, all our advice is free of charge.

To arrange a consultation with no obligation involved, get in touch with our experts today on 08000 84 2000.

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