Debt Recovery

Lawyers who understand your challenges

We appreciate that cashflow is the lifeblood of any business and being paid on time is essential to a continuous growth of any business. In the UK every year millions of business and self-employed individuals suffer financial loss due to customer who are unable or unwilling to pay what they owe, and we recognize that this often has serious damaging consequences to your business.

At Brar & Co, our clients put their trust in us to recover the debts that weigh them down knowing that we can take away the stress of dealing with the dispute and help you receive your well-deserved payment.

Our dispute resolution department has proven record of recovering debts for clients across all kinds of industries and we work hard to ensure our clients receive a fast and efficient debt recovery service whilst you can concentrate on running your business.

Our Services

We offer a full-cycle service and so whether you are chasing one-off debt or multiple debts our specialist team will maximise your debt recovery and keep your costs down.

Normally matters can be resolved at the pre-action stage by simply sending a protocol letter before claim which often results in a dialogue between the parties to the disputes, but in some instances court proceedings will prove inevitable.

There 3 stages involved in the debt recovery process:

Pre-Action Stage

Normally matter can be resolved at the pre-action stage by simply sending a protocol letter referred to as “letter before claim” which often results in a dialogue between the parties to the dispute and should prompt the debtor that if the balance is not paid then court action will be taken.

Court Proceedings

When settlement prove unattainable at the pre-action stage, or no contact made by the debtor, you may need to issue court proceedings against the debtor for recovery of monies. As part of the service, we would prepare the necessary forms including Claim Form and Particulars of Claim claiming the amount of money owed from the debtor plus any interest any costs. The debtor will normally have 14 days to make a payment or submit the Acknowledgement of Service indicating whether the claim is contested.

Enforcement

This is the last stage of the debt recovery process, if the debtor fails to pay the debt after further 14 days, and no defence has been filed or where the Court found against the debtor, then the Court will grant a judgement, and this will appear on the debtor’s credit record. If the debt is not settled then, it may be necessary to enforce the Judgement by a Charging Order, Warrant of Execution or Attachments of Earnings.

As commercially minded problem solvers, we will consider each case individually and adapt our services to meet your specific needs across all aspects of debt recovery, including:

• Issuing bankruptcy petitions
• Issuing winding up petitions
• Serving statutory demands
• Defending actions

Find out about our transparent fee structed.