Debt Recovery

Unpaid debts can be detrimental to any business, often arising from financial restraints or customers refusing to pay. If an individual or business owes you money and is not meeting their payment obligations, let us handle the debt collection process for you.

Allowing debt recovery solicitors to act has proven to be one of the most effective ways to recover unpaid debts from unwilling payers. This approach saves you the time and energy of chasing payments, allowing you to avoid wasted hours and lost revenue.

At Taylor Bracewell, our solicitors in Doncaster and Sheffield will handle the debt recovery process and update you regularly on the latest developments. Our team is available to assist at any stage of the debt recovery process, across any business sector.

What are the three main steps to recovering a debt?

There are three main steps to recovering a debt. These are:

1. Letter Before Action or Late Payment Demand –A formal letter is sent to the debtor, outlining the debt and requesting immediate payment. This often prompts a response or settlement before further action is
2. Proceeding to Court – If the debtor fails to respond or pay, legal proceedings can be initiated to recover the owed amount. The necessary documents will be filed with the court to move the case forward, ensuring that the legal process is handled efficiently.
3. Enforcing Judgment – If a court judgment is obtained but the debtor still fails to pay, the necessary steps will be taken to enforce the judgment.

How can we help you?

Our services can include, but is not limited to:

• Tracing your debtor – If the debtor is difficult to locate, we can instruct agents to trace their whereabouts, ensuring that we can contact them and begin the debt recovery process.
• Credit/asset checking – We instruct agents to carry out credit and asset checks to determine the debtor’s ability to pay and assess their financial standing. This helps us strategise the most effective way to recover the debt, known as “status report”.
• Service of documents on the debtor – We handle the service of all necessary legal documents, ensuring that the debtor is formally notified of the debt and any actions you are taking.
• Obtaining judgment – In the event that the case goes to court, we take the necessary steps to obtain a judgment against the debtor, ensuring that the debt is legally recognised and enforceable.
• Obtaining payment – Once a judgment is obtained, we take swift action to secure a payment, ensuring that the debt is paid in full.

How we can support you

At Taylor Bracewell, we recognise that unpaid debts can have serious financial impacts on your business. Our team of experienced debt recovery solicitors can handle the debt collection process on your behalf, allowing you to focus on running your business.

If a resolution can be reached without going to court, we will aim to do so, but we are prepared to take full legal action if the situation demands.

Contact our debt recovery solicitors in Doncaster (01302 341 414) or Sheffield (0114 272 1884) today.

We can help you with any of the following: