Business Solicitors

Computers and lawyers – an effective mix

In the past, debt collection via a lawyer was not always a straightforward process. Taking legal action against those who owe you money was something not to be taken lightly. With the modern digital age however, our high tech lawyers have the ability and experience to use an array of dedicated computer technologies and software to help initiate and process claims for debt recovery. From the very first letter to the final court judgement, our solicitor technicians can utilise the very best of their personal human ability and the processing power of the computer to complete your work faster and more efficiently, meaning lower costs and great success rates for you. We have a network of experts throughout the United Kingdom who can undertake all matters including:

• Letters sent before court action
• Court proceedings
• Statutory demands
• Tracing those who owe you money
• Enforcement of a judgement
• Winding up/dissolving limited companies
• Bankruptcy of individuals
• Advising on independent voluntary arrangements (IVAs)

Liquidation and bankruptcy

There is a good reason why creditors want to avoid someone going into bankruptcy – there is less chance of recovering your money if an individual declares themselves bankrupt! Similarly for the liquidation of a company, agreements where monies can be repaid over time are far preferable in most cases. Once a bankruptcy has been decided, there are various other people who will get paid before the credit – government departments, trustees, advisors and so on. The person who initiates the legal proceedings also has no guarantee that their costs will even be covered. There is a particular order of payment, with unsecured creditors appearing last on the list after various others such as the PAYE system, VAT, wages arrears and others.

IVA – Individual Voluntary Arrangement

So it would appear that bankruptcy is rarely a good thing for anyone, particularly not the creditor. Rather than undergo the often futile process an IVA can be arranged that is itself legally binding. When the person in debt cannot repay at the rate agreed previously, an IVA can allow for monies to be paid back over a greater period of time or at a lower amount per payment. A percentage of the total sum can be agreed upon which counts as the full sum owed over a period of five years. However an IVA is only granted when creditors holding more than 25% of the amount owed agree. Crucially, once an IVA is in place, court action cannot be taken against a debtor.

No nonsense advice

There is no excuse for poor planning when it comes to debt collection. Time is of the essence and the wrong decision today could mean that the monies owed are lost forever. We represent a network of specialist debt solicitors who have the personal experience and knowledge to fully support you step by step through the processes involved. The legal complications involved can cause unnecessary time wasting and hassle for the unwary or inexperienced. Save time and money by investing in our expertise. We offer free advice for those who simply fill in the contact form on this webpage. We will contact you and you are under no obligation to use our services. There are no charges for our service – you can rest assured that we take your confidentiality and privacy seriously.