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Debt Recovery UK

Debt recovery UK is a specialized service offered by the Blakewells solicitors whereby you get speedy action for the recovery of the outstanding debt. Recovery of the outstanding debts comprises an important part of the activities of any business house and unless the debts are recovered in time, the company may become susceptible to huge financial losses.  Blakewells solicitors have specialized in the recovery of invoice debts which means that for a fixed cost they would bring about a speedy recovery of the debt either by negotiations or if necessary through legal proceedings.

Debt recovery UK process starts while the companies contact the solicitors for the recovery of the debts. The solicitors in turn make enquires about the nature and amount of the debt and ask for the relevant papers through which they can start a legal proceeding in case an initial letter to the defaulters did not do the work. Before they proceed they check all the relevant papers to make sure whether pursuing the case is worth it.  Only and only when they find that the papers are in order, they advice to carry on with the proceedings required for the recovery of the debt.

Initially the Blakewells solicitors contact the defaulters and ask them through a legal notice to pay the outstanding amount. In most of the cases the debt is recovered by simply sitting with the debtors or by sending letter. No one likes to drag the case to the court and therefore debt recovery UK proceeds in such a way that legal enforcement is not required. If however the debtors refuse to pay the amount and want to drag the case to the court, the Blakewells solicitors start the legal proceedings. Before going to the court they collect all the papers required for a solid foundation upon which to build the case.

Once the court receives a prayer for hearing, it sets out a date for the same. The debtors are asked to appear before the court and submit their reason for not paying the outstanding amount. The debtors may appoint an advocate, and the latter would set out his defense before the judge advocating his own reason for not paying. The debt recovery UK proceeds through its own laws set out for the recovery of the debt and after hearing if the judge thinks that the claims are justified, he orders the debtors to pay an outstanding amount with interest.

In case the debtors declare to be bankrupt and incapable of paying the stipulated amount, a bankruptcy proceed is initiated and by encroaching over the fixed assets of the debtors the debt is cleared.  The solicitors at Blakewells have a very high success rate in the recovery of the debt, but they work only on invoice debts and not on other kinds of debts. So if there is a case of outstanding debts it is always advisable to pursue the case and recover the amount either by initial negotiation or by legal proceedings.

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