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Society > Law > Public DomainExperienced Commercial Legal Advisors Help for Debt Recovery

Posted by Fredyoung in Society on April 28th, 2016


Particularly in the current economic climate, recovering unpaid invoices in a timely and cost effective manner is essential for businesses. This article explains the process of commercial debt recovery and the steps a solicitor will take once you instruct them. The first step in any debt recovery process is for your solicitor to send out what's called a "letter before action".

Normally sent to the debtor immediately upon receipt of instructions from their client Uomo Nike Air Max 270 Camo Heel Scontate , the solicitors letter demands settlement of the outstanding debt, within 7-14 days and may also include a claim to recover interest or costs, quoting legislation for the Late Payment of Commercial Debts Act 1998. The letter makes it clear, that if payment is not received within the given time frame Uomo Nike Air Max 270 Bianche Volt Scontate , court proceedings will be issued and further costs will be incurred, without further notice.

Sent out at no cost to the instructing client, the purpose of this letter is to generate a response from the debtor and in most cases, this is enough to prompt the speedy settlement of any outstanding bill. If the "letter before action" is not responded to Uomo Nike Air Max 270 Ultramarine Scontate , your solicitor will move to the next step. This is to issue a County Court claim form. This Debt Recovery is an official document detailing the amount of debt, the court fees, the costs and the amount