Debt Recovery
Debt recovery can be frustrating and time consuming, but much of that frustration and extra work can be avoided by putting the collection of your debts into experienced hands.
Whatever the size or age of the debt, Burnetts can save you time by advising you at the earliest stage about the best way to go about recovering your money, whether that be to send a firm letter, to sue in the County Court, to serve a statutory demand or to start bankruptcy proceedings.
Using lawyers rather than a debt recovery agency means you have this wide choice of recovery options from the very beginning. Some debt recovery agencies process debts automatically, looking only at the amount being claimed. Sometimes they give up when a debt becomes difficult or the debtor claims money is not owed, leaving you effectively to start all over again and find a solicitor to move you to the next stage of debt recovery.
Our commercial outlook and negotiating skills are focussed to ensure collection of your debts with the minimum distraction to you and your people. This commercial experience has also shaped our realistic fee structure - most of the standard elements of our debt recovery are transparently priced at fixed levels. Fees for a “letter before action” start at just £5 plus VAT. Often this standard letter is all that is needed to show a debtor you are serious about collecting your money.
If sending invoices and chasing payments is taking up too much time, Burnetts can support you with our full credit control service, efficiently processing all your invoices and ensuring that debts are not allowed to become aged, increasing your chances of being paid on time, all the time.
Commercial and consumer debts recovered.
For further information on debt recovery or to make an appointment for an informal first discussion call Rob Winder on 01768 800855 or email rw@burnetts.co.uk.
Who to contact
Rob Winder
Senior Associate Rob leads the Debt and Property Recovery team and is head of the Penrith office.