Commercial Debt Recovery
Your company’s expansion and business plan achievement can be hampered by withheld payments, late invoices and bad debts. Business debt recovery can be a time consuming and costly exercise for many companies. Having a reliable and expert team of debt recovery lawyers to assist you can prove to be an important asset to your business’s efficiency and its profitability.
Services You Can Count On
Stripes Solicitors have been successfully recovering business debts for over 25 years, be they highly complex, high volume matters or one off straight forward claims, we are relentless in pursuit of the recovery of your owings and are committed to providing an affordable no risk, no fee service.
Our Commercial Litigation department has been independently recommended in the Legal 500, as a UK leading law firm and its Commercial Debt Recovery department is one of only three law firms in the UK to be granted membership of the CSA. It is through our service to clients and our results that we have obtained these awards.
Our Debt Recovery Approach
There is never a substitute for experience and service and we have more than 25 years in successfully recovering business debts for our clients. We can adopt a robust approach where necessary though we are always mindful to maintain the working relationship with established business partners to secure future business. We work hard to understand your business in order to deliver a thorough considered solution and ensure every client is treated individually and so too each commercial debt .
Areas of Expertise
We have the depth of experience and expertise to cater for your recovery requirements across the board, from optimising the recovery of non-defended claims to the relentless pursuit of litigated actions. Through our experience we have built up knowledge to optimise the best prospect of recovery.
- Pre-action letters
- County Court claims
- Civil recovery
- Issue of Statutory demands
- Enforcement of judgement
- Winding up proceedings
- Bankruptcy proceedings
- Full litigation services
- Landlord and Tenant Recovery
Our success and reputation is reflected by the numerous referrals of new clients to us by our existing clients, from professionals such as accountants and insolvency practitioners, together with other lawyers who trust us to look after their clients’ contentious requirements. Our clients include small owner managed businesses through to multi-national and institutional clients from a variety of sectors including; Plant hire, Construction, Invoice Factoring and Discounting, Recruitment, Legal Services, Accountancy and Insolvency, Medical Services and Private schools.
Commercial Litigators and Advisors
Stripes are respected Commercial Litigators and Advisors and are highly geared towards litigious work. We work alongside our clients helping them to install best practice procedures which form the foundation of their own debt recovery and cash management systems. These significantly impact on success rates, especially with regard to winning defended actions and to ensure the maximum recovery of claim, interest and cost.
Our Initial Step
As a first step, we’ll review the debt recovery process and decide upon the most appropriate method of recovery. We can save time by advising at the earliest possible stage whether it is appropriate to sue in the County or High Court, or immediately proceed to a winding up or bankruptcy petition. This decision is made not only by the size of the debt, but also by the legal entity of the debtor and whether liability for the debt is disputed.