Debt recovery services are often overlooked until they’re required urgently. It’s a service most business owners prefer not to need, however, with declining economic climates it’s becoming more challenging to receive payments that are due. The debt collection process can be costly, time-consuming, and frustrating. When you enlist members of your team to perform debt collecting tasks, you’re compromising your team’s productivity levels. At the end of the phone calls, emails, and in-person visits, you may still have failed to collect the fees due to your business alongside having incurred additional expenses. Debt collectors are not able to exercise the full extent of the law in these matters, this is where we come in.
Our debt recovery lawyers can step in and take over on your behalf. Legally, we can add the newly incurred debt recovery expenses onto the amount owed, recuperating your losses and successfully collecting your dues.
What to expect from the litigation process
It’s a great idea to enlist the services of a debt collector alongside your debt recovery lawyer. If your debt collector fails to get payment, he will have traced the debtor, making it fairly fast and simple for us to step in. If the debtor wishes to contest the money owed, matters can become complicated which is why it is helpful to have a legal team on your side.
In this case, we will fight to gain a garnishee order a debtor’s salary which gives you the right to take your money from the debtor’s earnings.
First, we send out a letter of demand. This is not a legal requirement but highly advisable as it enables you to add interest to the debt. The letter of demand must give the debtor an opportunity to make payment and give insight into the nature of the debt.
Failing payment after the letter of demand, we will issue a summons on your behalf. This is not something you can do yourself. A summons must contain:
- The name and address of the Plaintiff
- The name and address of the Defendant
- A form of notice of intention to defend
- A notice advising Defendant that they have ten days to enter a notice to defend.
- A form of consent to judgment
- A notice drawing the Defendant’s attention to the consequences of their failure to obey the order of the court once judgment has been granted against them.
- Citation: details of the Plaintiff and Defendant
Ready to get the excellent service you deserve? Contact us to set up a meeting, we would love to discuss your goals, your vision, and the enterprise you’re building. Let’s lay the sturdiest foundations, together.