Debt Recovery

DEBT RECOVERY SOLICITORS SOUTHAMPTON

At Southjampton solicitors we have found that an approach to debt recovery based on the following, benefits clients:-

  • Rapid assessment of whether the debtor can’t pay or won’t pay
  • Is the debtor alleging a defence or counterclaiming?
  • Is the position on the debt clearly documented and are you sure you can pursue the correct company, individuals or legal entity
  • The value of the debt. Is it below the small claims threshold of £5,000.00
  • Would the threat of winding up/bankruptcy be likely to result in payment
  • The general attitude of the debtor. Is the debtor likely to simply ignore phone calls and letters from debt collection agencies
  • The cost/benefit of instructing a solicitor

Southampton Debt Recovery Services

We can create and are experienced in tailor making a fully cost efficient debt recovery service for small debts, bulk debts or high value/high importance debts. Involving solicitors at an early stage tends to focus a debtor’s mind and indicates you mean business, often a critical factor in successful recovery. Other benefits are that we can:

  • Pursue the debt where it may be difficult or inappropriate for you to do so
  • preserve relationships with good clients by pursuing debts firmly but tactfully

What does it cost?

Southampton debt recovery solicitors provide fixed, affordable fees for smaller debts or repeat business. With larger debts and/or defended debts we ensure that clients retain control of each step of the proceedings, and consult with clients at each main stage of proceedings to reassess costs/benefits/risks of the current position.


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