At JMR Solicitors we have developed our debt recovery process to focus on unpaid invoice debts and personal debts which means that when a payment issue arises for your business our team of debt recovery specialists are ready to deal with your case. Our priority in these cases is to recover your debt at the lowest possible cost to you, so as to make sure that you receive the highest possible sum of money that you are owed.
How does JMR Solicitors deal with debt recovery?
Our debt recovery team will discuss your needs at an initial consultation. Our process will involve sending your debtors a letter before action which will state our intentions to proceed with legal action if the debts are not paid within a time period that can be specified by you, or by our recommendations. We will then keep you informed of any correspondence that we receive, if any.
We often find that this initial letter is sufficient to prompt debtors to settle their invoices, however, this is not always the case. If no correspondence is received and you are happy to proceed we will then progress to the next stage of our debt recovery process.
We are able to perform checks on your debtors, such as finding their whereabouts and performing status checks if they are a registered company if you feel that these are necessary.
Once we have performed these checks, we will proceed to issue proceedings against your debtors to recover the owed amount. We will keep you informed during every step of the process.
For small to medium business owners, unpaid invoices can be particularly damaging. At JMR Solicitors we strive to build a lasting relationship with our clients and aim to provide effective debt recovery support over time. We understand the needs of businesses, in particular, new or smaller business owners and understand that swift and effective legal assistance is crucial.
We will be on hand and familiar with your case should you need support or your case becomes contentious. This will mean that you receive immediate and appropriate action which will, in turn, enable you to continue with your business in confidence and with minimal disruption.