In an ideal world your invoices would be paid in full and on time, but we recognise that this is not always the case and that unpaid debts can affect cash flow and potentially your ability to pay your own creditors.
Our debt recovery team has a wealth of experience in recovering debts for clients of all sizes and across a range of sectors, and they work closely with our insolvency and litigation teams to ensure that debts are recovered as promptly and efficiently as possible.
The steps that we may take to recover debts include:
- Pre-action checks and tracing
- Letters before action (including demands for late payment interest and compensation)
- Issuing court proceedings
- Statutory demands, bankruptcy and winding-up petitions
We also appreciate that funding can often be an obstacle to collecting debts, which is why we can operate on a fixed fee basis or, in appropriate circumstances, a contingency basis without any upfront cost to you.
Prevention & Debt Avoidance
During the debt recovery process, we will also provide you with practical guidance on your credit control processes and reducing your bad debts generally. We can also carry out reviews of your terms and conditions to ensure that your customers are deterred from paying late and that your prospects of recovering debts, and the associated costs, are maximised.
We will advise on all methods of enforcement, which include insolvency proceedings, charging orders, attachment of earnings orders, third party debt orders and the instruction of High Court enforcement officers. We also work for High Court Enforcement Officers and are therefore able to assist even where any issues arise during the enforcement process.
We also have significant experience of enforcing judgments obtained in other jurisdictions (including from within and outside the EU/EEA), on behalf of banks and foreign governments amongst others. In addition, we work with our contacts in other jurisdictions to allow you to enforce English judgments as seamlessly and efficiently as possible.
If a debt is disputed, we draw on our extensive experience in dispute resolution to advise on the next steps and the costs involved.
What should you do if you’re affected by Carillion’s insolvency?
Construction firm, Carillion PLC, announced this week that it and its five sister companies had been placed into compulsory liquidation. Harrison Drury’s construction and insolvency teams look at what this…
Can I recover the legal cost of chasing bad debt?
Harrison Drury’s Jack Stephenson explains how companies can use terms and conditions to protect themselves and increase the chances of recovering the cost of chasing bad debt. Unfortunately, bad debts…
Four ways to recover debt from an insolvent company
Just because a company has or is about to enter an insolvency process does not necessarily mean that all is lost. I have been involved in a number of recent…
Avoiding the libel trap lurking on social media
A number of high-profile politicians, sports stars, business people and other celebrities have got themselves into hot water for publishing defamatory comments on social media. The action Lord McAlpine took…
Caterham F1 case “a first” for enforcement of court judgments
Harrison Drury has successfully acted for Andrew Wilson & Co High Court Enforcement after an application to the High Court allowed it to retain two racing cars that had been…
How will ‘clean-up’ proposals affect pre-pack administrations?
A recent review of pre-pack administrations, carried out by Teresa Graham CBE and commissioned by business secretary Vince Cable, has set out proposals to improve the transparency of this often…
I’m owed rent, how will changes in the rent law affect its recovery?
In cases where you are looking to recover overdue rent, the use of enforcement officers or bailiffs is often seen as the option of choice, but changes to the law,…
How can I pursue a debt owed by an insolvent company?
It’s not unusual if you are owed money by a company for it to enter some form of insolvency process, but this doesn’t mean that all is lost. Subject to…