Debt Recovery

Every business needs a constant flow of cash to properly function. Lawrence and Associates Solicitors LLP protects your budget by making sure that you get every cent that is owed to you. Our consumers and business debts collectors protect you from those abusive clients who decide to pay late or not pay at all.

We apply effective debt recovery methods to ensure that the process does not cause any harm to our team, our client as well as the debtor.

Mortgaging &...

Property finances are very important and should be handled with close attention.

Stages of the process

As stated above, there are few factors that could influence the time scale of your purchase.

Disbursements

Disbursements are costs related to your matter that are payable to third parties.

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Every business needs a constant flow of cash to properly function
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Debt Recovery

We apply effective debt recovery methods to ensure that the process does not cause any harm to our team, our client as well as the debtor. These are proven to be cost-effective and satisfying. Our team of debt collection is designed to suit your specific requirements for one-off occurrence or recurrent and continued collection.

In instances where juridical action is required, we engage all the procedures to instruct the High Court Enforcement Officer (HCEO) or the County Court Bailiff to seize and sell the judgment debtor’s goods amounting to the value of the debt owed including any additional cost accumulated during the process. The order may also include charging against property to sell and collect earnings on behalf of the client. In extreme cases, we may resolve to the use of statutory demands and insolvency proceedings, which include summons and court mandates.

Prices for the services we provide

Range of fixed fees for a business to business debt that is undisputed

The prices below are not definitive and are subject to change at any given time.

Undisputed Claims

This refers to the simple debt collection where the debtor did not dispute the amount to be collected and where the court duty is not required. However the fees will be revised if the other party decides to fight the claim and the process takes more time and efforts than previously anticipated.

Here are a few things to keep in mind when you instruct us to process your debt collection:

  • The amount to be collected may vary if affected by VAT or interest.
  • The given price may change if court orders or mandates are needed for debt collection.
  • Once we receive your instructions for collection, we first review the documents portraying to the claim and do our researches to establish the most efficient course of action.
  • We will then enter communication with the debtor and place the claim.
  • Once the debt payment is received, it will then be passed to you.