Litigation
Debt Recovery
Debt Recovery Solicitors in Manchester and London
Individuals can often be owed money by friends, family and even businesses. This can come from a personal loan to a friend, a loan to a new business, money owed from the sale of goods, unpaid wages, or even a failure to provide a refund. At Monarch Solicitors, we have experienced debt recovery solicitors who can manage the recovery of your debts from pre-action letters through to enforcement. We tailor our approach to suit your needs to ensure the most cost-effective recovery.
Our solicitors are also aware that in many cases, you wish to continue relationships with those who owe you money. We therefore ensure we approach each case with care in order to attempt to solve the matter in your favour whilst maintaining your relationships.
Disputed Debt
However, if a debtor disputes the amount, this will more than likely to be a contractual dispute. Monarch Solicitors can offer specialist advice on what steps you will need to take in order to give you the best chance to recover your debt successfully.
Contact our Debt Recovery Solicitors
If you would like to enquire about our debt recovery services please complete our online contact form here or send an email to us at [email protected] and one of our deb recovery solicitors shall call you back. Alternatively, please call our solicitors on 0330 127 8888 for a no obligation discussion.
Monarch’s award winning debt recovery team are based in our Manchester and London office.
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FAQ
Personal debt collection agencies don’t have any more legal powers than you do, so they will usually pursue the debt by simply chasing the debtor using demand letters, which are often ignored. In return, private debt collectors will then often deduct a percentage of the amount they eventually get back for you. Alternatively, a letter from a solicitor is often enough to prompt a debtor to take action and repay, especially as the next step is usually for a solicitor to issue legal proceedings to recover the debt on your behalf.
As each case has to be judged on its own merits, the type of debt collection action will depend on certain criteria such as the amount of the debt, the profile of the debtor and the feasibility of recovering our costs. You can utilise some of the following options to recover your Judgment debts:
- Bailiff Services
- Oral Examinations in Court
- Investigations for any assets
- Statutory Demands towards the petitioning for a winding up order
- Bankruptcy for individuals or the Winding Up of limited companies
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