Cash flow is the lifeblood of business. Without cash to meet debts you are not only risking your vital credit ratings with suppliers but could well face fines and litigation by the Tax Office.
Don’t let your business become a banker for your clients.
Many customers who can pay only do so when prompted; formal reminders may result in payment, but not always.
Effective debt collection is essential for success. Linton Pitt Lawyers will minimize the effect of bad debts on your business and see you through the process of debt recovery.
Recovering a Debt
If you have overdue accounts, firstly, ensure there are no outstanding queries or disputes to be resolved. Disputes often delay payment of accounts.
Even when your continuous telephone calls and letters have failed to obtain payment, a letter from Linton Pitt Lawyers can often get results or at least identify an area of dispute.
If that fails, our experienced telephone collectors will attempt collection on your behalf or we can issue court proceedings on your behalf, obtain judgments and enforce them where necessary.
Any proportion of our charges that cannot be recovered from the Debtor will be adjusted according to:
- the amount of work carried out
- the benefit to you.
Since we can usually obtain interest and all collection fees on the amounts recovered you may obtain full payment at no cost whatsoever.
To Lodge Instructions With Linton Pitt Lawyers.
The following is far from exhaustive, but this is what we will need:
- Debtor’s full name (s) and address / registered office
- State of the account – statement / consumer credit documentation, etc
- The steps taken so far – has there been any correspondence ? Is there a dispute ? What is the nature of the dispute ?
- Security for the debt – is there a Guarantee ? Charges over land or goods?
