Overdue accounts can create serious cash flow problems for any business. Whatever your business you will have to give credit to your customers. 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 can help you minimize the effect of bad debts on your business and see you through the process of debt recovery.

Recovering a Debt

Overdue Accounts cost businesses money and in some cases the effect of cash flow problems is crippling. Overdue Accounts may arise out of:

• Services rendered.
• Contract Disputes,
• Credit Agreements.
• Work carried out.
• Goods Sold & Delivered and Materials supplied.

If you have overdue accounts, firstly, ensure there are no outstanding queries or disputes to be resolved. Disputes often delay payment of accounts. Even where 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 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 , depending on your terms and conditions, 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 ?