Despite it being very cost effective to begin a Small Claims matter (typically a claim with a value up to £10,000) and to request a Country Court Judgment (CCJ) in uncontested matters, there are costs risks if the debtor files a defence. After a defence has been filed and if the matter is allocated to […]
Whether you are a business owner or a debt recovery agency, collecting unpaid debts can be exasperating and time-consuming. Debt-Claims Solicitors removes all the challenges associated with collecting unpaid invoices by providing users with a solution developed for SME’s in mind. Gone are the days of having to write off thousands of pounds in unpaid […]
Wondering how much does it costs to collect a debt? More often than not, it will cost you nothing to collect money owed to you. Going further, you may also be surprised to learn that the amount recovered can often exceed what was originally owed – this is due to your general entitlement to claim […]
Claiming interest on invoices which are paid late or remain unpaid is not only an effective method of minimising delays on payment, but it also offers an element of compensation to you. The latter reflects that had you been paid on time, then you could have reinvested the money that is owed to you or […]
The Late Payment of Commercial Debts (Interest) Act 1998 (as amended by subsequent regulations) is a particularly important piece of legislation for parties who contract during the course of a business – this includes companies, sole traders, partnerships, and charities among others. Often referred to as just the Late Payment Act or Late Payment Compensation […]
A letter before action (also known as a letter of claim and often shortened to LBA or LOC respectively) is a formal letter from a claimant to the proposed defendant. Failing to send an LBA before legal proceedings not only deprives the parties of the potential to settle matters without escalation, but it will likely […]
Why Should I use Debt-Claims Solicitors and not a Debt Collection Agency for UK Debt Recovery? The biggest difference between us and debt collection agencies (often known as DCAs) is that we are regulated debt collection solicitors. Often, DCAs are not regulated law firms for debt recovery purposes. Whilst a lot of DCAs will conduct […]
Whilst the Debt-Claims portal is uniquely designed to suit all client types, in this article we look at how Debt-Claims can help credit controllers recover debt owed and decrease future late and non-payers. Complementing Your Existing Processes All too often, debtors will push their credit terms knowing that they can pinch an extra 30, 60, […]
Affordable and Dependable Legal Representation for all Budgets Here at Debt-Claims, our lawyers know all too well that the potential costs of litigating where a small claims matter is defended can deter creditors or claimants from pursuing money owed to them. For clarity, claims up to the value of £10,000 will usually be allocated to […]
