Debt recovery - WSP Solicitors

Debt recovery

The ongoing economic climate means many businesses are finding clients slow to pay their bills. But when delayed payment turns to non-payment, our dedicated debt recovery team is here with legal advice to help remove the stress, and to straighten things out.

Don’t let bad debtors hold your business back – legal advice for debt recovery

To understand the situation fully, one of our legal team will meet with you, free of charge, to prepare a tailor-made report on the way your business operates and your position. This helps us acquire all the information we need to send out that all important first letter to your debtor and to keep your costs to a minimum.

 

If it’s a small claim (under £10,000) we will help you prepare your case so you can take it forward yourself, as costs aren’t generally recoverable. If it is a substantial debt we will advise you on negotiation and mediation as alternative ways of resolving the matter.

 

We also revise terms and conditions and credit control procedures for an affordable fixed fee.

 

Business can be complicated enough even without bad debtors. If your business is suffering because of late or non-payment, please get in touch for legal advice today.

 

Visit our frequently asked questions section.

We can help with...

Genuine disputes

Small claims

Revised terms & conditions

Meet the WSP team

Meet the team

right of way

Catherine Green

Partner

Stroud Office

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Making Debt recovery less complicated

Can you help me with the jargon I may come across?

Small Claims Court: The term ‘Small Claims Court’ is something of a misnomer.  It is unofficial shorthand for the Small Claims Track of the County Court, a court process for claims valued £10,000 and under.

 

Letter of Demand: A letter of demand asks for payment within a specific time, failing which court proceeds will be issued.

Why should I use WSP?

We have a dedicated debt recovery team who have an excellent track record in getting results!

How much will it cost?

We will estimate likely costs when we know the details of your dispute and keep you informed on costs throughout.

What should I bring to the first meeting?

We need to understand how your customers pay you, so all credit control documents including your terms of business, invoicing and how you chase debtors would be good to bring to the first meeting. If you are not sure, speak to one of the team when arranging the meeting and they can advise you. We also need you to bring along documents that identify you and your company for us to copy and hand straight back to you. This is because we are required by law to verify your identification.