Debt Recovery

Late payment by your debtors can ruin your business. Debt recovery solicitors at JMW work for you to reduce the time you have to wait for payment.

All too often those who owe you money will delay payment until the last possible moment, threatening your cash flow, adding to your overheads and treating your invoices with contempt.

After you have exhausted your own credit control procedures, we pick up the problem and solve it by recovering those bad debts, with interest, that you cannot recover.

We have a team dedicated to debt collection. You will get to know this team and have every confidence in them.

Debt recovery action by JMW Solicitors

Let's talk through some of the procedures:

Seven day letter - Most times your debtors will pay up after receiving a letter from us threatening court proceedings. If they don't, they will be served with court proceedings that make it clear we will claim from them the debt plus interest and costs.

Insolvency procedures - If it appears your debtor will not pay your invoice or is insolvent, we can advise you on how to get your money by threatening to commence insolvency proceedings that may lead to your debtor being put into liquidation.

Our team, based in Manchester, work across the UK and can advise you which option to take to increase your chances of a successful recovery.

Judgment - If we have to enter judgment against your debtor, we will explain to you the most effective ways of executing the judgment to turn it into cash for you.

We act upon individual debts and bulk instructions - and our fees are kept to a commercially realistic level that we will agree with you.

• Our debt collection processes are tailor-made to your needs. There is no 'one size fits all' in proactive debt collection procedures.
• It might take one letter before action or could require obtaining and enforcement of a judgment against your debtors.
• Whichever approach we take, we will be proactive and energetic when chasing and recovering your debts.

For further information about the comprehensive service our lawyers can offer your business contact us on 0845 872 6666 or fill in our online enquiry form.