At Glaisyers, our dedicated Debt Recovery team works on fixed charges to ensure that we offer the most cost-effect service for your business. If we issue proceedings and are successful in obtaining a default judgment, we only charge the fixed costs that are added onto the judgment debt. This means, if the enforcement is successful and the debt is recovered, it doesn’t cost you a penny.
Our vast experience in this area tells us that a large amount of these claims go undefended, so it’s necessary to obtain judgment and proceed to enforcement as quickly as possible. The steps we take are:
- Send a 7-day letter before taking action
- Issue county court proceedings
- Obtain judgment in default
- Proceed to enforcement with regard to the debtor’s circumstances
We know that in order to maintain your cashflow, speed is of the essence. You can therefore instruct us to issue proceedings using standard forms by fax or email, enabling us to process the information as quickly as possible.
Our friendly, professional debt recovery specialists, will take the time and trouble to provide you with a clear, straightforward, no nonsense, explanation of every stage of the recovery of your debt, whether the matter proceeds through the County Court or otherwise. If complex defences are filed in respect of any claim, we’ll advise you on these and deal with the matter through our litigation team.
At Glaisyers, we undertake debt recovery action on behalf of various trade and professional creditors. We undertake debt recovery action in respect of assigned debts in respect of factoring and invoice discounting arrangements. We also recover arrears of rent and service charge, both resident and commercial.
Where necessary we will recover interest pursuant to the Late Payment of Commercial Debts (Interest) Act or consider what other interest may be recoverable.
This is perhaps the most important part of any proceedings, as without an ability to successfully enforce any action may not be worthwhile. At the outset we recommend that checks are carried out to establish the debtor has an ability to pay any judgment obtained. We can carry out bankruptcy searches, Companies House searches and Land Registry searches at fixed charges to advise you as to the most appropriate method of enforcement. We undertake the following methods of enforcement:
- Charging Orders
- Statutory demands
- Winding up proceedings
- Order of sale proceedings
- Attachment of earnings
- Third party debt orders
- Orders to obtain details of financial circumstances