9 Jul 2021 / Back to latest updates

Debt Recovery Tips

Having cash flow issues or in need of recovering an unpaid debt or judgment?

This year there has seen many restrictions with Insolvency actions and delays with the court in processing disputed claims.

Our Top Tips:

• Speed = the quicker you act the more likely assets have not been sold or moved.
• Act upon expiry of deadline = this will ensure your debtor sees you as acting serious if you go through with an action after the debtor fails to respond or does not provide you with any requested information.
• Be Commercial = if you lack the supporting paperwork or the debt is low value then consider a settlement offer or to write off the debt.

Please do contact us if we can assist you with your debt recovery or improve your business’s cash collection.

The Debt Collection Centre is a specialist debt recovery service offered by city law firm Devonshires offering a one-stop-shop for businesses suffering from late payments. Ranked as one of the best in London listed in the Legal 500 directory as recommended specialists in this area. We provide a commercially orientated efficient and effective service enabling our clients to focus on the running of their own business rather than spending excessive time and money pursuing outstanding debts.