Debt recovery

Debt recovery solicitors

We understand the urgency of recovering what's rightfully yours. Our team offers cost-effective, tailored strategies to ensure you get results—whether you're dealing with evasive debtors, unfounded defences, or hidden assets. Let us take the burden off your shoulders and act swiftly to secure your payment.

Common debt recovery scenarios we deal with

We understand that every debt recovery case is unique. Our experience spans a wide range of situations, allowing us to adapt our strategies to meet the specific needs of both businesses and individuals. Here are some of the most common scenarios we manage:

Businesses dealing with unpaid invoices

Late or unpaid invoices can disrupt cash flow and threaten the financial stability of a business. We assist companies of all sizes, from small businesses to larger enterprises, in recovering overdue payments swiftly and efficiently. Our solicitors ensure a professional approach, protecting your business relationships wherever possible while pursuing the money owed.

Individuals seeking repayment of personal debts

Lending money to friends, family, or acquaintances can become complicated if repayment is delayed or denied. We provide sensitive yet firm legal support to help individuals recover personal loans, ensuring clarity and professionalism throughout the process.

Challenging debtors with concealed assets

Some debtors go to great lengths to hide assets, making recovery more complex.

Our team is adept at using legal tools and investigative methods to uncover hidden resources, giving you the best chance of reclaiming your money.

Debtors raising disputes or unfounded defences

Cases involving spurious claims or fabricated disputes can cause unnecessary delays.

We act swiftly to counter these defences, ensuring that your claim progresses smoothly through the appropriate legal channels.

Enforcing judgements & recovering stubborn debts

Even after securing a judgement, enforcement can present challenges.

We guide you through the most effective enforcement options, such as:

  • Charging orders.
  • Attachment of earnings.
  • Writs of control or insolvency proceedings.

Recovering business debts from insolvent debtors

When a business debtor claims insolvency, recovering your money may feel impossible.

We explore every viable avenue, including negotiating repayment plans or pursuing directors personally where misconduct is identified.

Countering debtor tactics

Recovering unpaid debts is rarely straightforward. Debtors often employ tactics to avoid payment, creating unnecessary delays and complications. We are highly experienced in recognising these strategies and dismantling them effectively to protect your interests. Common Tactics used by debtors include:

Raising unfounded defences

Debtors may attempt to dispute the claim by providing misleading or baseless arguments in their defence. These claims are often designed to delay proceedings and frustrate creditors.

Concealing sssets or transferring them to third parties

Some debtors go to great lengths to hide their financial resources, making recovery more challenging.

Others may transfer assets to family members or shell companies in an attempt to make themselves appear insolvent.

Ignoring correspondence or delaying payment

Debtors might refuse to respond to letters or deliberately prolong the process by requesting repeated extensions or failing to meet deadlines. This stalling tactic can drain your resources and cause unnecessary stress.

Words from our clients

We were recommended Clifford Tibber, I felt like he had taken the weight off my shoulders in all the worry that I had been experiencing from a client not paying, Clifford was professional and very knowledgeable and when talking to us explained everything clearly, We got our money, which is fantastic, I would definitely recommend Clifford and will be using his services again.

Civil Litigation Client

Lack of information, confusion, impasse are the words to describe the status of our case before meeting Clifford Tibber. His vast and experienced ability of comprehension and of analysis, gave us another perspective of the expected outcome. We instantly knew that we are in the best hands.

Civil Litigation Client

My experience with the company was positive at all times. I felt informed at each stage of the my case. Mr. Tibber is compassionate and a nice lawyer and made what was a difficult case /situation straight forward. I am very pleased with the outcome. Thank you Clifford.

Civil Litigation Client

How we address these tactics

At Anthony Gold Solicitors, we are skilled in counteracting these behaviours, ensuring that debtors cannot evade their responsibilities. Our approach includes:

Thorough legal analysis

We scrutinise the debtor’s claims and defences to identify inconsistencies or weaknesses. Our expertise allows us to challenge unfounded defences quickly, avoiding unnecessary delays.

Asset tracing & recovery

Using sophisticated methods and legal tools, we track down concealed assets and uncover fraudulent transfers. Where appropriate, we seek freezing orders to prevent the dissipation of assets, securing your position before enforcement action is taken.

Firm & persistent action

We ensure that all legal correspondence is issued promptly and with authority, leaving no room for avoidance. If a debtor ignores formal letters, we escalate matters swiftly, whether through court proceedings or enforcement measures.

Leveraging enforcement powers

For persistent or evasive debtors, we utilise enforcement strategies such as obtaining charging orders on property, securing attachment of earnings orders, and pursuing insolvency proceedings, where necessary, to compel payment.

Why choose Anthony Gold Solicitors for debt recovery?

When it comes to recovering unpaid debts, you need more than just a one-size-fits-all approach. At Anthony Gold Solicitors, we combine expertise, efficiency, and a client-focused ethos to deliver tailored solutions for both businesses and individuals.

Here’s why we’re the right choice for your debt recovery needs:

Expertise in handling complex cases

Our team of debt recovery solicitors have extensive experience dealing with a wide range of scenarios, from simple overdue invoices to complex cases involving concealed assets or spurious defences.

 

We understand the tactics debtors often use to delay payment and know how to counter them effectively, ensuring the best chance of recovering your money.

Cost-effective solutions

We appreciate the financial strain unpaid debts can create. That’s why we prioritise solutions that are not only effective but also cost-conscious. From the outset, we provide transparent advice about potential costs and work with you to minimise expenses wherever possible.

Tailored strategies for maximum results

No two cases are alike. Whether you’re dealing with a debtor who’s stalling, disputing the claim, or claiming insolvency, we develop a bespoke approach to address the specific challenges of your situation. By tailoring our response to the circumstances, we maximise the likelihood of a successful outcome.

Swift action & clear communication

Time is critical when recovering debts. We act quickly to assess your case and initiate the most effective legal or negotiation strategy. Throughout the process, we keep you informed, explaining every step in clear, straightforward language so you’re never left in the dark.

Proven track record of success

Over the years, we’ve successfully helped countless businesses and individuals recover money owed to them. Our clients trust us to handle their cases with professionalism and tenacity. Our reputation as one of the leading debt recovery firms in the UK speaks to the consistent results we achieve.

Comprehensive support through every stage

From pre-action advice to court proceedings and enforcement, we guide you through every step of the debt recovery process. Our goal is to make the process as stress-free as possible while achieving the resolution you need.

How do we charge in cases of debt recovery?

We are always clear and up front about costs, so you know what to expect and won’t get any nasty surprises. The Solicitors Regulation Authority (SRA) requires law firms to meet rules on price transparency for certain areas of law.

Within our Civil Litigation team, we are able to share upfront charges in debt recovery cases which are up to ÂŁ100,000). Click here to see the entire breakdown of the charges. Please note that the exact cost, however, will depend on the individual circumstances of the matter.

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Debt recovery services: FAQs

What is the first step in recovering a debt?

The first step is to get in touch with us for a consultation. During this initial stage, we’ll discuss the details of your case, review any documentation you have, and outline your options. Typically, we begin by sending a formal letter before action to the debtor, which clearly sets out the amount owed, the basis for the claim, and a deadline for payment. This step often encourages prompt resolution without the need for further legal action.

How long does the debt recovery process usually take?

The length of the process depends on the complexity of the case and the debtor’s willingness to cooperate. Some debts can be resolved within weeks if the debtor responds promptly to initial correspondence. However, cases involving disputes, court proceedings, or enforcement measures can take several months. We strive to act swiftly at every stage to minimise delays and keep you informed throughout.

What happens if the debtor claims they are unable to pay?

If a debtor claims they are unable to pay, we investigate their financial position thoroughly. This may involve tracing assets or analysing their financial disclosures. Depending on the findings, we can explore options such as negotiating a payment plan, obtaining a charging order against property, or pursuing insolvency proceedings if appropriate. Our goal is to secure the best possible outcome based on the debtor’s actual ability to pay.

Can I recover a debt from a company that has become insolvent?

Recovering a debt from an insolvent company can be challenging, but it’s not always impossible. We assess whether the company has any remaining assets or whether there is evidence of wrongful trading or director misconduct that may allow us to pursue claims against the directors personally. Additionally, we can help you register your claim as a creditor in the insolvency process and advise on your chances of recovery.

What are the risks involved in pursuing debt recovery?

The primary risks in debt recovery are the costs involved and the possibility of the debtor being unable to pay due to insolvency or lack of assets. However, we help mitigate these risks by providing clear advice at every stage, including an honest assessment of the debtor’s financial position and the potential outcomes of your case. Our tailored strategies aim to reduce unnecessary expenses and maximise your chances of a successful recovery.