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Business Debt Recovery Services
If a customer has failed to pay you, it can have a highly detrimental impact on your cash flow. At JMW, we understand the need to act quickly and efficiently to recover what is owed to you. Our team has a wealth of experience acting for clients in many sectors, including construction, invoice factoring/discounting, recruitment, property management and asset finance.
The services we provide to our clients are:
- Attachment of earnings
- Charging orders
- Order for sale
We are also able to provide advice and guidance on the following:
- Pre-action checks
- Letter before action (including demands for late payment interest and compensation)
- Issuing proceedings
- Entering judgements
- High court enforcement/bailiffs
- Third-party debt orders
- Statutory demands
- Winding-up petitions
- Bankruptcy petitions
- Tracing people or assets
In most cases, the debt recovery process starts with a letter advising the individual or company debtor that if they do not settle their debt, you will be forced to take action to recover what is owed to you. If payment is not received, the nature of the debtor’s response will determine if further action is required and what form this should take.
Why Choose JMW?
We have an experienced team with a proven track record in debt recovery who will advise you on the best course of action to recover your money as efficiently and cost-effectively as possible. Our team understands that every client has different requirements, which is why we provide a flexible and effective service that is tailored to meet each client’s needs.
We act for the majority of our clients on a low-cost, fixed-fee basis for client recovery matters. We aim to recover all our fees from the debtor and should an alternative fee structure be required we will be happy to discuss this with you.
Likewise, should the debtor seek to dispute your claim, we have an experienced team of lawyers in our commercial litigation and dispute management team who will be able to provide you with appropriate advice on how to take the matter forward, as well as the costs involved in doing so.