At Lupton Fawcett, we provide expert solutions to meet the debt recovery needs of SMEs, liquidators, owner-managed businesses, PLCs and individuals. We also specialise in certain sectors such as private schools and nurseries.
Our experienced solicitors offer advice and assistance on all aspects of commercial debt recovery, acting for clients of all sizes. We understand that no two debts are the same, and prefer a one-to-one approach that reflects your individual needs and keeps costs to a minimum.
To speak to a solicitor about debt, contact our Yorkshire-based offices now on 0333 323 5292. Alternatively, fill in our online form and we will get back to you as soon as possible.
Recovering Your Debt
Recovering debts from your customers and clients is a crucial part to ensuring your organisation runs as smoothly as possible and doesn’t suffer financially. However, the debt recovery process can be time consuming, creating unnecessary business expenses. Arranging help with debt recovery can ensure your company continues to run smoothly and cost-effectively.
We have been helping business owners recover unpaid debts for many years and have experience in all areas of debt recovery, including:
- County Court proceedings
- Small Claims - fixed fee service
- Late payment interest and compensation
- Pre-action protocols
- Rent recovery
Our solicitors understand how important it is to get your invoices paid. That’s why we have made the debt recovery process as easy as possible by providing simple forms for you to fill in to let us know the details of your case. Which one you fill in depends on whether or not you have used our services before:
In many cases, a letter of claim will be sufficient to lead to payment in full or open negotiations if the debt is disputed. In this instance, we can negotiate with the debtor in respect of repayment and report directly to you. When proceedings are issued, we apply interest to the debt at 8% unless The Late Payment of Commercial Debts (Interest) Act 1998 or other contractual provision applies.
Should the debtor dispute the payment and you not accept it, our Dispute Resolution team will progress the recovery. If you do proceed to legal action, you should consider the financial situation of your debtor. If they do not have any money or assets or if they are unemployed, you may struggle to obtain payment unless they voluntarily agree to pay in instalments. We can help you obtain a status/credit report on a debtor, but remember, the information is likely to be slightly out of date. You may want to consider obtaining Judgment and leaving it registered in case their circumstances improve in the future.
In our experience, the sooner problem debts are dealt with, the better the chances of recovery. If you have bulk debts, we can agree a reporting process that meets your requirements. We can also offer access to our systems allowing you to view the current position on cases or run your own reports as and when required between agreed reporting intervals. Other areas of expertise include:
- Insolvency (bankruptcy/winding up) proceedings
Can I Recover Cost From The Debtor?
There are certain circumstances that may enable you to claim for our services. These include:
- If the terms and conditions of a contract provide for this and have been properly incorporated into the contract you can rely on The Late Payment of Commercial Debts (Interest) Act 1998
If neither of these circumstances apply to you, then you are still able to recover fixed solicitors costs and Court fees if legal action is commenced.
How Lupton Fawcett Can Help
To collect an outstanding debt, you can either get in touch with our team or complete your payment online by using our form
For more information on fees, download our up-to-date schedule of costs by clicking here.
We can also provide advice on the best ways to avoid bad debts in the first place and have a range of guides in relation to debt recovery.
- Tips to improve cash flow
- Quick guide to late payment legislation
- Quick guide to recovery of trade debts
- Quick guide to the new regulations for the enforcement of High Court writs
- Quick guide to commercial rent arrears recovery (CRAR)
Please note that the fact sheets contained here offer a summary of the relevant areas and are provided for information only. They are not intended to amount to advice on which you should rely and should not be used as a substitute for full professional advice. If you are in any way unsure, please do not hesitate to contact us. Although we make reasonable efforts to update the information, we make no representations, warranties or guarantees, whether express or implied, that the content on our site is accurate, complete or up-to-date.
For more information about our business debt recovery services, speak to a member of our team today using the details below. We have offices across Yorkshire in Sheffield, York and Leeds.
Get in Touch
With Lupton Fawcett on your side, you're taking control. Contact us today.