Debt Recovery Services

At DTM Legal, we understand that unpaid invoices and overdue payments can create significant cash flow challenges for businesses of all sizes. Our Debt Recovery service is part of our comprehensive Dispute Resolution offering. Our team is here to support you in efficiently managing overdue payments, allowing you to focus on running your business.

Complex debt recovery doesn’t need complex solutions, just smart ones.

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Our Debt Recovery Services

Our dedicated team offers a full range of debt recovery services, designed to cover every stage of the recovery process:

• Pre-Litigation Processes to encourage early payment or the delivery of assets.
• Letters before action / letters of claim and strategic pre-action engagement to resolve matters swiftly where possible.
• Statutory Demands and Bankruptcy Petitions to prompt immediate action from debtors.
• Assignment of Debt, allowing creditors to transfer the right to recover outstanding sums to another party or to enforce assigned debts on behalf of clients.
• Obtaining and Enforcing Judgments for both money and asset recovery.
• Winding Up Petitions against companies who are insolvent to allow the affairs of those companies to be investigated.
• Insolvency, including engagement with insolvency practitioners, lodging proofs of debt, and acting on behalf of office holders to assist in the insolvency process (including recovery of book debts).
• All Types of Enforcement Action, including Charging Orders, Attachment of Earnings Orders, and Writs of Control.
• Section 146 Notices for recovering possession from commercial tenants in arrears.
• Tortious Claims for Conversion and/or Wrongful Interference with assets.
• Recovery of Monies from Deceased Estates when debtors have passed away.
• Negotiations and Mediations to reach practical settlements without court action.
• Asset Searches to identify recoverable assets held by debtors.

Our team tailors each service to your business and the particular debt, taking a proactive approach that maximises the chances of a successful recovery with clear advice on the quickest and most cost-effective next step.

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Timescales Explained

The time needed to resolve a debt recovery case depends on several factors, including the debtor’s responsiveness and the chosen course of action. For example:

• Initial Demand for Payment: A letter before action typically requires a response within 7-14 days but this can be less in appropriate circumstances.
• Court Proceedings: If the debt remains unpaid, court action can be commenced whether that is obtaining a judgment or insolvency proceedings. The timeframe will depend on the action taken as we as  depending on court availability and the complexity of the case.
• Enforcement of Judgment: There are varying enforcement options that can be taken once Judgment is obtained with timeframes dependent on the action taken and any assets of the debtor..

We strive to work proactively, keeping you informed at every stage and ensuring a streamlined, efficient process.

Considerations

Before taking any action it is useful to gather relevant information that can streamline the debt recovery process. This can be specific to your particular needs and our team will discuss this with you but it can include:

• A statement of all unpaid invoices, including due dates and any communication with the debtor.
• Any prior correspondence related to payment reminders, credit terms, or debt discussions.
• Details of the goods or services provided, including any signed agreements.

Our team can help you assess whether the potential outcome justifies the costs involved, providing an informed recommendation based on your unique circumstances. A cost-benefit analysis of legal action, is important to consider whether pursuing legal action is worthwhile.

Having the right documents ready will allow us to assess your situation quickly and offer clear, actionable advice.

Our Debt Recovery Fees

Contact DTM Legal

If you are dealing with unpaid debts and want a proactive approach to recover what is owed to you, our team at DTM Legal is ready to help. We bring expertise, efficiency, and a focus on resolution to every debt recovery case. To discuss your debt recovery needs and learn how we can assist you, contact our debt recovery team by emailing information@dtmlegal.com or calling 01244 354 800 / 0151 321 0000