# Debt Claims --- ## Pages - [Small Business Debt Collection](https://debt-claims.com/small-business-debt-collection/): Debt-Claims Solicitors provide specialised small business debt collection services designed to be affordable and effective, ensuring your business thrives without the burden of unpaid debts. - [Payment Collection Services](https://debt-claims.com/payment-collection-services/): Debt-Claims Solicitors enhance your payment collection processes with our dynamic services designed to improve cash flow and minimise disruptions caused by delayed payments. - [Legal Collection Services](https://debt-claims.com/legal-collection-services/): At Debt-Claims Solicitors, we provide thorough legal collection services that encompass all aspects of debt recovery. - [Invoice Debt Recovery Services](https://debt-claims.com/invoice-debt-recovery-services/): Debt-Claims Solicitors offer specialised invoice debt recovery services that streamline the process of recovering unpaid invoices efficiently and professionally. - [Expert Debt Recovery](https://debt-claims.com/expert-debt-recovery/): We provide strategic legal counsel combined with state-of-the-art technology to streamline the debt recovery process. - [Company Debt Collection](https://debt-claims.com/company-debt-collection/): Debt-Claims Solicitors excel in company debt collection, leveraging cutting-edge technology and legal expertise to streamline your collection processes. - [Commercial Debt Recovery](https://debt-claims.com/commercial-debt-recovery/): We specialise in commercial debt recovery, offering a powerful combination of advanced digital tools and comprehensive legal knowledge. - [B2B Debt Recovery Solutions](https://debt-claims.com/b2b-debt-recovery-solutions/): Effective B2B debt recovery is pivotal to maintaining your business's financial health. We offer bespoke services tailored to meet the unique demands of each client. - [Debt Recovery for Small Business](https://debt-claims.com/debt-recovery-for-small-business/): Get the perfect blend of digital innovation and legal expertise to manage debt recovery for small businesses efficiently. - [Debt Collection for Small Business](https://debt-claims.com/debt-collection-for-small-business/): Get the perfect blend of digital innovation and legal expertise to manage debt collection for small businesses efficiently. - [Become a Debt Claims Hero](https://debt-claims.com/debt-claims-heroes/): Welcome to Debt-Claims Heroes, our new debt referral programme that is transforming the landscape of debt recovery. This is your... - [Business Debt Recovery: The No-Stress Solution for Your Company's Outstanding Debts](https://debt-claims.com/business-debt-recovery/): A stress-free, comprehensive solution to business debt recovery. Learn more. - [Form N9B: Your Pathway to Hassle-Free Debt Recovery with Debt-Claims Solicitors](https://debt-claims.com/form-n9b/): We offer a full-service, end-to-end approach centred around key legal frameworks including Form N9B. - [Business to Business Debt Recovery Protocol: The Comprehensive Solution For Your Business](https://debt-claims.com/business-to-business-debt-recovery-protocol/): Debt-Claims offers a streamlined business to business debt recovery protocol for both UK and international markets. - [County Court Debt Recovery Procedure: The Hassle-Free Solution Your Business Needs](https://debt-claims.com/county-court-debt-recovery-procedure/): We’ve designed our services to provide a stress-free, efficient way to navigate the county court debt recovery procedure. - [Debt Collection Coventry: Your Trusted Partner in Business Debt Recovery](https://debt-claims.com/debt-collection-coventry/): From local businesses in Coventry to international operations, our tailored approach to business debt recovery offers a seamless, end-to-end solution. - [Debt Recovery Costs on Late Payments: Maximise Your Cash Flow with Debt-Claims Solicitors](https://debt-claims.com/debt-recovery-costs-on-late-payments/): Our bespoke digital services offer a comprehensive, end-to-end approach that's easy to use and maximises your recovery. - [Debt Recovery Coventry: Your Trusted Partner in Business Debt Recovery](https://debt-claims.com/debt-recovery-coventry/): From local businesses in Coventry to international operations, our tailored approach to business debt recovery offers a seamless, end-to-end solution. - [Debt Recovery Solicitors: Regain Control of Your Finances with Debt-Claims Solicitors](https://debt-claims.com/debt-recovery-solicitors/): As professional debt recovery solicitors, we offer a convenient, end-to-end approach that is custom-tailored to suit your needs. - [Late-Payment-Act: Navigate Business Debt Recovery with Ease with Debt-Claims Solicitors](https://debt-claims.com/late-payment-act/): Our bespoke digital solutions offer a comprehensive, end-to-end service that adheres to the Late-Payment-Act while being simple to use. - [Online Security](https://debt-claims.com/online-security/): The Debt-Claims API allow third-party platform to interact with our debt-portal on their own terms. Learn more. - [FAQ](https://debt-claims.com/faq/): If you don't get a response to your LBA, our debt-claims team will advise you of the most appropriate course of action enforcement. - [Software Terms and Conditions](https://debt-claims.com/software-terms-and-conditions/): This Privacy Policy sets out how we, Debt-Claims obtain, store and use your personal information when you use or interact with our website, debt-claims.com - [Debt-Claims Solicitors API](https://debt-claims.com/debt-claims-api/): The Debt-Claims API allow third-party platform to interact with our debt-portal on their own terms. Learn more. - [Why partner with Debt-Claims Solicitors?](https://debt-claims.com/why-partner-with-debt-claims/): Not only do we work directly with clients, but we also offer partnership opportunities to a range of organisations. Learn more. - [Robin Appleyard](https://debt-claims.com/robin-appleyard/): Robin is the Head of Debt Recovery. Robin has worked the areas of debt recovery and insolvency law, for over seven years and managed teams of various sizes and abilities. - [Thank you, your request is now with us!](https://debt-claims.com/thank-you/): Thank you, your request is now with us!We will review it and a member of our team will get back to you as soon as possible. - [Useful Resources](https://debt-claims.com/useful-resources/): Look for more information or resources that could be helpful to you? Click here to see the list of things that could be beneficial for you. - [Terms & Conditions](https://debt-claims.com/terms-conditions/): We may collect certain personal information from you in order to provide a service and act on your instructions. - [Dispute Resolution - Small Claims](https://debt-claims.com/dispute-resolution-small-claims/): Click here to learn more about small claims, the process that it involves and what you should look for. - [Dispute Resolution - Costs](https://debt-claims.com/dispute-resolution-costs/): Click here to learn more about the cost breakdown for a dispute resolution and what you should do. - [Dispute Resolution - ADR](https://debt-claims.com/dispute-resolution-adr/): ADR is a process used to resolve disputes between two or more parties without going to court. Click here to learn about the different methods. - [What if there has been a substantial delay?](https://debt-claims.com/what-if-there-has-been-a-substantial-delay/): Do you have concerns on how long is too long to claim payment on an outstanding invoice? Get in touch with us so we can help you. - [What if my debt is disputed?](https://debt-claims.com/what-if-my-debt-is-disputed/): Is your debt being disputed? Click here to learn more on why this could be happening and why you should choose us to support your case. - [Complaints Procedure](https://debt-claims.com/complaints-procedure/): Have a complaint you need to make and not sure? Follow this procedure to get it filed promptly and correctly. - [Articles](https://debt-claims.com/articles/): Read more in our articles about us, our solicitor teams, and how we can help your business claim what is rightfully yours. - [Recent Cases](https://debt-claims.com/recent-cases/): Want to learn about some of our recent and past cases? Click here to read all about them. - [How long will it take to recover a debt and what is the cost?](https://debt-claims.com/how-long-will-it-take-to-recover-a-debt-and-what-is-the-cost/): Learn more about debt reovery, how long it takes and how our debt claims solicitors are always on hand to provide advice and support. - [Pricing Details](https://debt-claims.com/pricing/): We understand the impact outstanding debt can have on a business. Where possible, we offer fixed fee services to help you manage the cost of debt recovery. - [Late Payment Law](https://debt-claims.com/information/late-payment-law/): Need to learn more about the late payment law and what it might mean for you? Click here find out more. - [News](https://debt-claims.com/information/news/): Keep up to date with the latest news on our Debt Recovery site. - [About Us](https://debt-claims.com/information/about-us/): Debt-Claims provides a cost-effective, fast way to collect unpaid debts. With over 30 years of experience in debt recovery and dispute resolution. - [Information](https://debt-claims.com/information/): Looking for information related to recovering a debt from a debtor or how we can help you through the process? Click here to learn more. - [Dispute Resolution](https://debt-claims.com/dispute-resolution/): Here at Debt-Claims we listen to each client and assess the strengths and weaknesses of all claims and guide you through the process. - [Insolvency](https://debt-claims.com/debt-recovery/insolvency/): Click to learn more about Insolvency and how our trained solicitors can support and guide you through the process against your debtor, stress-free. - [Enforcement](https://debt-claims.com/debt-recovery/enforcement/): If you don't get a response to your LBA, our debt-claims team will advise you of the most appropriate course of action enforcement. - [Legal Proceedings](https://debt-claims.com/debt-recovery/legal-proceedings/): Debtor has not responded to your LBA? Our solicitors can guide you through the legal proceedings and what comes next. Learn more. - [Pre-Action](https://debt-claims.com/debt-recovery/pre-action/): Want to resolve your debt claim before it comes to legal action? Learn how our solicitors can support you to complete the objectives of the Pre-Action Protocol. - [Pricing](https://debt-claims.com/pricing-2/): We understand the impact outstanding debt can have on a business, which is why, where possible, we offer fixed fee services to help you manage the cost of debt recovery. - [Letter Before Action](https://debt-claims.com/debt-recovery/letter-before-action/): Need to write a Letter of Claim (LBA) to your debtor? Learn the three reasons our solicitors LBA's are so effective. - [Consumer and Commercial Debt Recovery and Debt Collection](https://debt-claims.com/debt-recovery/): Debt-Claims is an easy-to-use debt recovery portal, with dedicated solicitors to provide a comprehensive end-to-end solution to debt recovery. - [Privacy Policy](https://debt-claims.com/privacy-policy/): This Privacy Policy sets out how we, Debt-Claims obtain, store and use your personal information when you use or interact with our website, debt-claims.com - [Homepage](https://debt-claims.com/): Dedicated and experienced solicitors who will provide comprehensive, stress-free, business debt recovery services for your business. --- ## Posts - [Digital Tracing: How Technology is Helping Locate Elusive Debtors](https://debt-claims.com/articles/digital-tracing-how-technology-is-helping-locate-elusive-debtors/): One of the biggest challenges in debt recovery is locating debtors who have gone silent. Whether individuals have moved house,... - [Chatbots and Digital Assistants: The New Face of Debt Collection?](https://debt-claims.com/articles/chatbots-and-digital-assistants-the-new-face-of-debt-collection/): Falling behind on invoices is a common challenge for businesses of all sizes, but especially for SMEs who may not... - [Voice Technology in Debt Recovery: Smart Calls or Overreach?](https://debt-claims.com/articles/voice-technology-in-debt-recovery-smart-calls-or-overreach/): Automated voice technology, once a novelty confined to call centres and customer service menus, is rapidly becoming a core part... - [Common Myths About High Court Enforcement Officers Debunked](https://debt-claims.com/articles/common-myths-about-high-court-enforcement-officers-debunked/): High Court Enforcement Officers are authorised by the Lord Chancellor and Ministry of Justice to enforce High Court judgments. They... - [Exploring Different Methods of Debt Recovery in England and Wales](https://debt-claims.com/articles/exploring-different-methods-of-debt-recovery-in-england-and-wales/): In the final quarter of 2023, County Court Judgments (CCJs) issued in England and Wales rose sharply, with over 237,000... - [Enforcing Overseas Judgments in Debt Collection: What UK Businesses Need to Know About the 2019 Hague Judgments Convention](https://debt-claims.com/articles/enforcing-overseas-judgments-in-debt-collection-what-uk-businesses-need-to-know-about-the-2019-hague-judgments-convention/): UK businesses that trade internationally often face the challenge of recovering debts when customers based overseas fail to pay. While... - [When and How to Transfer a County Court Judgment to the High Court for Enforcement](https://debt-claims.com/articles/when-and-how-to-transfer-a-county-court-judgment-to-the-high-court-for-enforcement/): Debt recovery can be a complicated and time-consuming process, especially when it comes to enforcing County Court Judgments (CCJs). However,... - [The Benefits of Using HCEO Enforcement: Faster Debt Recovery Explained](https://debt-claims.com/articles/the-benefits-of-using-hceo-enforcement-faster-debt-recovery-explained-2/): As economic pressures mount and businesses face rising inflation, more companies and individuals are finding themselves with unpaid debts. Recent... - [Bailiffs vs. High Court Enforcement Officers: What’s the Difference?](https://debt-claims.com/articles/bailiffs-vs-high-court-enforcement-officers-whats-the-difference/): In recent years, the issue of debt collection enforcement has come under increasing scrutiny. The rise in business bankruptcies, personal... - [How Debt Collection Has Changed in the Digital Age](https://debt-claims.com/articles/how-debt-collection-has-changed-in-the-digital-age/): In the past, debt recovery relied heavily on traditional methods: letters, phone calls, and in some cases, face-to-face meetings. These... - [Potential Reforms in Debt Collection: What Changes Could Be Coming?](https://debt-claims.com/articles/potential-reforms-in-debt-collection-what-changes-could-be-coming/): Debt collection has always been a contentious issue in the UK. From the aggressive tactics sometimes employed by a minority... - [The Social Stigma of Debt: How Public Attitudes Have Evolved Over Time](https://debt-claims.com/articles/the-social-stigma-of-debt-how-public-attitudes-have-evolved-over-time/): For much of history, owing money has been viewed as a shameful burden. The shame attached to debt is deeply... - [Fair Payment Code: A Lifeline for Small Businesses Facing Late Payments](https://debt-claims.com/articles/fair-payment-code-a-lifeline-for-small-businesses-facing-late-payments/): Late payments are a persistent issue that places immense financial pressure on businesses, especially small and medium-sized enterprises (SMEs) in... - [The Benefits of Using HCEO Enforcement: Faster Debt Recovery Explained](https://debt-claims.com/articles/the-benefits-of-using-hceo-enforcement-faster-debt-recovery-explained/): Recovering outstanding debts can be one of the most challenging aspects of running a business or managing collections. Despite a... - [Top Tips for Enforcing a County Court Judgment (CCJ)](https://debt-claims.com/articles/top-tips-for-enforcing-a-county-court-judgment-ccj/): Late payments and unpaid invoices are a frustrating challenge for businesses of all sizes. While securing a County Court Judgment... - [Attachment of Earnings Orders: What They Are and How They Work](https://debt-claims.com/articles/attachment-of-earnings-orders-what-they-are-and-how-they-work/): An Attachment of Earnings Order (AEO) is a legal tool used to recover unpaid debts by deducting money directly from... - [What Does a High Court Enforcement Officer Do? A Step-by-Step Guide to Their Role](https://debt-claims.com/articles/what-does-a-high-court-enforcement-officer-do-a-step-by-step-guide-to-their-role/): High Court Enforcement Officers (HCEOs) play a vital role in the debt recovery process in England and Wales. These officers... - [Key Requirements of Section 125A of the Building Safety Act 2022](https://debt-claims.com/articles/key-requirements-of-section-125a-of-the-building-safety-act-2022/): From 24 July 2024, section 125A of the Building Safety Act 2022 (BSA 2022) introduces specific notification obligations for insolvency... - [Legal Status of Crypto Assets in Insolvency](https://debt-claims.com/articles/legal-status-of-crypto-assets-in-insolvency/): Crypto assets, such as cryptocurrencies and non-fungible tokens (NFTs), are increasingly treated as property under English law. While traditional assets... - [The General Power to Control a Bankrupt Under Section 363 of the Insolvency Act 1986](https://debt-claims.com/articles/the-general-power-to-control-a-bankrupt-under-section-363-of-the-insolvency-act-1986/): Section 363 of the Insolvency Act 1986 grants the court a broad power to control the conduct of a bankrupt.... - [What To Do If You’re Being Wrongfully Pursued For A Debt](https://debt-claims.com/articles/what-to-do-if-youre-being-wrongfully-pursued-for-a-debt/): A shocking case recently highlighted how easily things can go wrong when debt collectors target the wrong person. Camelia Gonciulea,... - [Five Common Debt Collection Mistakes](https://debt-claims.com/articles/five-common-debt-collection-mistakes/): When a business faces unpaid debts, it can have a significant impact on cash flow and overall operations. Recovering debts... - [Understanding the "Zone of Insolvency" and Its Implications for Directors](https://debt-claims.com/articles/understanding-the-zone-of-insolvency-and-its-implications-for-directors/): The concept of the “zone of insolvency” refers to a critical period in a company’s financial distress where insolvency is... - [What’s The Difference Between Receivership And Administration?](https://debt-claims.com/articles/whats-the-difference-between-receivership-and-administration/): In the world of insolvency law, two terms often come up when businesses face financial difficulty: receivership and administration. These... - [All About IVAs](https://debt-claims.com/articles/all-about-ivas/): As the cost of living continues to rise, many people across the UK find themselves unable to meet their financial... - [Collecting Unpaid Debt from Vulnerable People: Safeguarding and Precautions](https://debt-claims.com/articles/collecting-unpaid-debt-from-vulnerable-people-safeguarding-and-precautions/): Aggressive debt collection practices can have severe consequences for vulnerable people, as demonstrated in the case raised by Martin Lewis’... - [All About The Financial Ombudsman Service](https://debt-claims.com/articles/all-about-the-financial-ombudsman-service/): Debt collection can be contentious, particularly when consumers feel unfairly treated. In England, the Financial Ombudsman Service (FOS) plays a... - [Expectations for Debt Collection by Regulated Companies](https://debt-claims.com/articles/expectations-for-debt-collection-by-regulated-companies/): On 18 March 2024, the UK Regulators Network (UKRN), alongside the Financial Conduct Authority (FCA), Ofcom, Ofgem, and Ofwat, issued... - [Pitfalls When Using Third Party Debt Orders](https://debt-claims.com/articles/pitfalls-when-using-third-party-debt-orders/): Third Party Debt Orders (TPDOs) are a powerful tool for judgment creditors seeking to enforce a judgment by freezing and... - [Understanding Proofs of Debt in Liquidation, Administration, and Part A1 Moratoriums](https://debt-claims.com/articles/understanding-proofs-of-debt-in-liquidation-administration-and-part-a1-moratoriums/): Proof of debt plays a central role in liquidation, administration, and Part A1 moratoriums, enabling creditors to assert their claims... - [The Impact of the GDPR on Debt Collection](https://debt-claims.com/articles/the-impact-of-the-gdpr-on-debt-collection/): Introduced in May 2018, the GDPR imposes strict requirements on organisations’ handling of personal data. For debt collection matters, these... - [The Advantages and Disadvantages of Issuing Winding Up Proceedings](https://debt-claims.com/articles/the-advantages-and-disadvantages-of-issuing-winding-up-proceedings/): In the domain of debt collection, winding up proceedings are a potent tool for creditors seeking to recover debts from... - [Recognising the Signs of Financial Trouble in a Business](https://debt-claims.com/articles/recognising-the-signs-of-financial-trouble-in-a-business/): In business, financial stability can be a fleeting concept. We often encounter clients who are caught off guard by the... - [Favourable Decision Related To Enforcing Foreign Judgments Via Winding Up](https://debt-claims.com/articles/favourable-decision-related-to-enforcing-foreign-judgments-via-winding-up/): The recent High Court decision in Re a Company EWHC 1070 (Ch) has significant implications for creditors seeking to enforce... - [The Impact of Personal Bankruptcy on Creditors](https://debt-claims.com/articles/the-impact-of-personal-bankruptcy-on-creditors/): Personal bankruptcy can significantly affect creditors, who often face the loss of expected payments and complex legal processes. This article... - [Recovering Unpaid Parking Charges](https://debt-claims.com/articles/recovering-unpaid-parking-charges/): Debt-Claims Solicitors successfully recovered an £800 debt for a parking enforcement company, saving them time and court hearing costs. - [A Haulage Dispute Resolved](https://debt-claims.com/articles/a-haulage-dispute-resolved/): Feeling the squeeze? Rising costs & debt collection concerns. Learn your rights & how to avoid unfair practices from debt collectors. Free resources & help available! - [Debt Collection Concerns for Consumers](https://debt-claims.com/articles/debt-collection-concerns-for-consumers/): County Court Judgments (CCJs) on the rise in the UK! Are you at risk? Understand what CCJs are, why they're increasing, and what you can do to protect yourself. - [County Court Judgement Spike](https://debt-claims.com/articles/county-court-judgement-spike/): County Court Judgments (CCJs) on the rise in the UK! Are you at risk? Understand what CCJs are, why they're increasing, and what you can do to protect yourself. - [Small Claims Resolution: Mandatory Mediation](https://debt-claims.com/articles/small-claims-resolution-mandatory-mediation/): Experience a transformative approach to small claims disputes in England and Wales with the new mandatory mediation policy starting May 2024 for claims under £10,000. - [Guide to Credit Agreements](https://debt-claims.com/articles/guide-to-credit-agreements/): Unlock the mysteries of credit agreements with our comprehensive guide. Whether it's loans, credit cards, or hire purchase agreements, empower yourself with the knowledge to make informed decisions and safeguard against unfair practices. - [Curtain Call on Unpaid Wages: Debt Recovery in the UK Acting Industry](https://debt-claims.com/articles/curtain-call-on-unpaid-wages-debt-recovery-in-the-uk-acting-industry/): Explore the challenges actors face with unpaid wages in the UK and learn about the importance of fair compensation and resources available for debt recovery in the acting industry. - [New Platform Updates to Enhance Your Debt Recovery Experience](https://debt-claims.com/articles/new-platform-updates-to-enhance-your-debt-recovery-experience/): Discover the latest updates from Debt-Claims.com, your go-to online debt recovery platform. From a new user interface to global recovery options, see how we're evolving to meet your needs. - [Fee Changes Affecting Debt Recovery and Company Formations](https://debt-claims.com/articles/fee-changes-affecting-debt-recovery-and-company-formations/): Important fee changes affecting debt recovery and company formations in the UK from May 1st, 2024. Get the details on court fees, Companies House disbursements and how Debt Claim can help you navigate these changes. - [Insolvency vs. Money Claim: Choosing the Right Path for Debt Recovery](https://debt-claims.com/articles/insolvency-vs-money-claim-choosing-the-right-path-for-debt-recovery/): Explore the differences between the insolvency route and money claim process in debt recovery. Understand which approach suits your case best, focusing on liquidated, undisputed debts versus disputed debts, and the associated risks and costs. - [The Critical Importance of Accuracy in Debt Claims](https://debt-claims.com/articles/the-critical-importance-of-accuracy-in-debt-claims/): Discover the vital role of accuracy in debt claims and the costly consequences of errors. Learn practical tips for debt collection agencies and insolvency practitioners to ensure precision in every case. - [Understanding the Impact of 'Paid in Full' vs. 'Settled' in Debt Recovery](https://debt-claims.com/articles/understanding-the-impact-of-paid-in-full-vs-settled-in-debt-recovery/): Unravel the differences between 'Paid in Full' and 'Settled' statuses in debt recovery and their effects on credit reports and future lending. Gain insights on advising clients effectively in settlements. - [Maximising Debt Recovery: Effective Strategies for Insolvency Practitioners](https://debt-claims.com/articles/maximising-debt-recovery-effective-strategies-for-insolvency-practitioners/): Uncover advanced debt recovery strategies for insolvency practitioners and commercial debt recovery professionals. Learn how to leverage legal frameworks, negotiation tactics, and technology to enhance your debt recovery efforts. - [The Role of Debt Collection Agencies in Business Insolvency](https://debt-claims.com/articles/the-role-of-debt-collection-agencies-in-business-insolvency/): In the complex landscape of financial distress and business insolvency, debt collection agencies play a vital role. Their expertise not... - [Navigating Legal Complexities: A Guide for Small Business Debt Recovery](https://debt-claims.com/articles/navigating-legal-complexities-a-guide-for-small-business-debt-recovery/): Master the legal complexities of small business debt recovery with our comprehensive guide. Learn about pre-litigation actions, legal compliance, and managing debtor disputes effectively. - [The Crucial Step Before Issuing a Claim: Ensuring Accurate Information](https://debt-claims.com/articles/the-crucial-step-before-issuing-a-claim-ensuring-accurate-information/): Discover the importance of verifying claimant and defendant details before issuing a claim to avoid unnecessary delays and costs. Learn how proper due diligence can streamline your debt recovery process. - [Debtors & The Cost of Living Crisis: Navigating the Tightrope of Sustainable Debt Recovery](https://debt-claims.com/articles/debtors-the-cost-of-living-crisis-navigating-the-tightrope-of-sustainable-debt-recovery/): The cost-of-living crisis presents unique challenges for debt recovery. Discover ethical & sustainable strategies to navigate this landscape, foster collaboration, & achieve successful outcomes for debtors & creditors. - [Enhancing Debt Recovery: The Strategic Advantage of Early Settlements for Collection Agencies](https://debt-claims.com/articles/enhancing-debt-recovery-the-strategic-advantage-of-early-settlements-for-collection-agencies/): Discover the strategic benefits of early debt settlements for debt collection agencies. Learn how effective negotiation and ADR can streamline recovery, improve cash flow, and maintain debtor relations. - [Mastering Statutory Demand Challenges: A Guide for Insolvency Practitioners](https://debt-claims.com/articles/mastering-statutory-demand-challenges-a-guide-for-insolvency-practitioners/): Learn how to effectively advise clients on statutory demands. Discover essential legal insights, set-aside grounds, and strategic actions for insolvency practitioners. - [Buy Now, Pay Later: A Boom in the UK, But What Is The Price Of Convenience?](https://debt-claims.com/articles/buy-now-pay-later-a-boom-in-the-uk-but-what-is-the-price-of-convenience/): BNPL's popularity in the UK soars, but what about the risks? Explore the potential for debt accumulation, credit score impact, and the role of debt recovery professionals in navigating this evolving landscape. - [Navigating Counterclaims in Debt Recovery: A Vital Guide for Claimants](https://debt-claims.com/articles/navigating-counterclaims-in-debt-recovery-a-vital-guide-for-claimants/): Discover the critical steps to effectively handle counterclaims in debt recovery cases. Learn from a case study how prompt action and due diligence via the Debt-Claims Solicitors portal can lead to favourable settlements. - [£50,000 Paid with a Solicitor’s Letter sent Through Our Portal](https://debt-claims.com/articles/50000-paid-with-a-solicitors-letter-sent-through-our-portal/): Discover the power of effective debt recovery strategies with our client's success story. Learn how using our portal for a Letter Before Action (LBA) resulted in a £50,000 payment and another significant payment, within just three hours. - [The Strategic Advantage of Settlements in Debt Recovery ](https://debt-claims.com/articles/the-strategic-advantage-of-settlements-in-debt-recovery/): Explore the crucial role of settlements in debt recovery, understanding how they can save costs and time for clients. Learn why settling out of court or through small claims mediation is often smarter - [Are You Prepared for Set Aside Applications in Debt Recovery?](https://debt-claims.com/articles/are-you-prepared-for-set-aside-applications-in-debt-recovery/): Uncover the importance of due diligence in the context of set aside applications in debt recovery. Learn how thorough preparation and a solid document trail can significantly affect these legal proceedings. - [AI in Debt Recovery: Friend or Foe?](https://debt-claims.com/articles/ai-in-debt-recovery-friend-or-foe/): Unpacking the rise of AI in debt recovery and its impact on finance teams. Explore the benefits of efficiency and cost-saving alongside ethical considerations and the future of human-AI collaboration - [Recessionary Resilience: Navigating Debt Recovery in Uncertain Times](https://debt-claims.com/articles/recessionary-resilience-navigating-debt-recovery-in-uncertain-times/): Learn how to mitigate risk, optimise processes, and build resilience for the long term with Debt-Claims Solicitors by your side. - [Open Banking: The Key to Unlocking a Streamlined Debt Recovery Future](https://debt-claims.com/articles/open-banking-the-key-to-unlocking-a-streamlined-debt-recovery-future/): Open Banking is transforming debt collection! Uncover the benefits of secure data access for faster, more accurate, and cost-effective recoveries. - [The Role Of Accountants In Debt Settlement](https://debt-claims.com/articles/the-role-of-accountants-in-debt-settlement/): Explore the vital role of accountants in the debt settlement process with our comprehensive guide. - [The Role of Insolvecy Practitioners In Set Asides](https://debt-claims.com/articles/the-role-of-insolvecy-practitioners-in-set-asides/): Dive into the complexities of set asides in insolvency with our expert guide. Learn about the legal framework, challenges, and strategic approaches for insolvency practitioners in managing set asides effectively. - [The Impact of Debt Recovery on Business Cash Flow: Insights for Accountants](https://debt-claims.com/articles/the-impact-of-debt-recovery-on-business-cash-flow-insights-for-accountants/): Discover how effective debt recovery strategies can transform your clients' business cash flow. This guide for accountants provides practical tips to enhance financial health and streamline debt recovery processes. - [Exploring the Role of Accountants in Debt Recovery: Strategies and Solutions](https://debt-claims.com/articles/exploring-the-role-of-accountants-in-debt-recovery-strategies-and-solutions/): Uncover the pivotal role of accountants in the debt recovery process. This blog offers strategic insights and solutions for accountants to assist their clients in managing and recovering debts effectively. - [Set Asides in Bankruptcy](https://debt-claims.com/articles/set-asides-in-bankruptcy/): Gain essential insights into how insolvency practitioners can manage set asides in bankruptcy with our expert guide. Learn how complexities are managed , enhancing your knowledge of debt recovery. - [What Is a Settlement Offer In Insolvency?](https://debt-claims.com/articles/what-is-a-settlement-offer-in-insolvency/): Debt settlement in the context of insolvency is a complex and nuanced process that involves negotiations between creditors and debtors... - [Navigating Debt Recovery in Light of Updated Guidance on Legal Costs](https://debt-claims.com/articles/navigating-debt-recovery-in-light-of-updated-guidance-on-legal-costs/): Discover key insights on legal cost guidance and efficient debt recovery with Debt-Claims, aligning with the latest ethical standards. - [Embracing AI for Future-Proof Debt Recovery](https://debt-claims.com/articles/embracing-ai-for-future-proof-debt-recovery/): Explore how AI is revolutionising debt recovery and how Debt-Claims is aligning with these advancements for more efficient, personalised debt collection strategies. - [A Case Study of Effective Enforcement](https://debt-claims.com/articles/a-case-study-of-effective-enforcement/): In this case study, we delve into a challenging scenario faced by us, highlighting our strategic approach in dealing with... - [An Insolvency Practitioner's Success](https://debt-claims.com/articles/an-insolvency-practitioners-success/): Discover Debt-Claims’ strategic success in a complex debt recovery case, showcasing our legal expertise and persistence. - [Navigating the Language of Debt Recovery in the UK: A Comprehensive Glossary](https://debt-claims.com/articles/navigating-the-language-of-debt-recovery-in-the-uk-a-comprehensive-glossary/): Explore a comprehensive glossary of UK debt recovery terms, from 'CCJ' to 'Winding up Order', to navigate the complexities of debt recovery efficiently. - [Understanding the Impact of the Economic Crime and Corporate Transparency Act](https://debt-claims.com/articles/understanding-the-impact-of-the-economic-crime-and-corporate-transparency-act/): The Economic Crime and Corporate Transparency Act 2023 (ECCTA 2023) marks a significant milestone. Designed to fortify transparency and enforcement... - [Recover Your Money with Click, the Leading Debt Recovery Portal from Debt-Claims Solicitors](https://debt-claims.com/articles/recover-your-money-with-click-the-leading-debt-recovery-portal-from-debt-claims-solicitors/): Reclaim your funds with Click, the top debt recovery portal in the UK. Supported by experienced solicitors. Explore our services. - [Debt Recovery Legal Procedures in the UK: An Expert Overview](https://debt-claims.com/articles/debt-recovery-legal-procedures-in-the-uk-an-expert-overview/): Understand debt recovery legal procedures in the UK with Debt-Claims. Our authoritative guide provides clarity on complex legalities. - [Business and Consumer Debt Recovery Process with Debt-Claims: Fast & Transparent](https://debt-claims.com/articles/business-and-consumer-debt-recovery-process-with-debt-claims-fast-transparent/): Accelerate your business debt recovery process with Debt-Claims. Our platform “Click” enables you to recover your debt quickly. - [Choosing the Right Commercial Debt Recovery Services: Tips from Debt-Claims](https://debt-claims.com/articles/choosing-the-right-commercial-debt-recovery-services-tips-from-debt-claims/): Selecting commercial debt recovery services? Debt-Claims offers expert tips to find the perfect fit. Leverage our 30 years of experience. - [Company Debt Recovery Solutions Tailored for You by Debt-Claims](https://debt-claims.com/articles/company-debt-recovery-solutions-tailored-for-you-by-debt-claims/): Experience bespoke company debt recovery with Debt-Claims. Our intuitive portal and UK based solicitors are ready to assist your unique needs. - [Legal Aspects of Debt Recovery: A Detailed Analysis by Debt-Claims](https://debt-claims.com/articles/legal-aspects-of-debt-recovery-a-detailed-analysis-by-debt-claims/): Learn the legalities of debt recovery with Debt-Claims' expert analysis. Ensure compliance and effectiveness in reclaiming your funds. - [Navigating Commercial Debt Recovery Services in the UK](https://debt-claims.com/blog/navigating-commercial-debt-recovery-services-in-the-uk/): Explore how Debt-Claims' commercial debt recovery services deliver fast results in the UK. Benefit from our 30 years of expert experience. - [Business to Business Collection Agency: Why Choose Debt-Claims](https://debt-claims.com/blog/business-to-business-collection-agency-why-choose-debt-claims/): Debt-Claims, a leading business to business collection agency in the UK, guarantees swift & efficient recovery. Explore our tailored solutions - [Company Debt Recovery with Debt-Claims: Your Trusted Partner](https://debt-claims.com/blog/company-debt-recovery-with-debt-claims-your-trusted-partner/): For efficient company debt recovery, trust Debt-Claims. Our expert team and transparent pricing ensure a robust solution for your business. - [Online Debt Collection Services: How Technology Enhances Recovery](https://debt-claims.com/blog/online-debt-collection-services-how-technology-enhances-recovery/): Discover how Debt-Claims online debt collection services leverage technology for faster recovery. An intuitive portal backed by real solicitors. - [Debt Collection Agency for Small Business: Get Started with Debt-Claims](https://debt-claims.com/blog/debt-collection-agency-for-small-business-get-started-with-debt-claims/): Debt-Claims, the go-to debt collection law firm for small business in the UK. Cost-effective and easy to use. Start your recovery journey now. - [Debt Collection Agency for Small Business: What to Expect](https://debt-claims.com/blog/debt-collection-agency-for-small-business-what-to-expect/): Learn what to expect from a debt collection agency for business. Debt-Claims provides an authoritative guide to ensure you're well-informed. - [When to Write-Off Debt: Legal and Financial Considerations for Businesses](https://debt-claims.com/articles/when-to-write-off-debt-considerations-for-businesses/): As a business, knowing when to write off debt is a critical decision that can affect your financial stability. Read more. - [Understanding the Slip Rule in the CPR: A Comprehensive Guide](https://debt-claims.com/articles/understanding-the-slip-rule-in-the-cpr/): The Slip Rule is a valuable tool for ensuring that judgments and orders accurately reflect the intentions of the court. Read more. - [Serving Legal Papers: A Comprehensive Guide](https://debt-claims.com/articles/serving-legal-papers-a-comprehensive-guide/): Insolvency proceedings can seem a daunting for individuals or businesses who have not yet explored the benefits of recovering debt via insolvency proceedings. - [Overcoming Interest Rates and Recovering Your Debts with Debt-Claims](https://debt-claims.com/articles/overcoming-interest-rates-and-recovering-your-debts/): Interest rates are an essential component of the financial system, determining the cost of borrowing money and influencing spending decisions. Read more. - [Do I need a Written Contract](https://debt-claims.com/articles/do-i-need-a-written-contract/): “An oral contract is not worth the paper it is written on” is generally sound advice. Although purely oral contracts are valid, they are harder to prove. - [Maximizing Cashflow: How Debt-Claims.com Can Help Your Business](https://debt-claims.com/articles/maximizing-cashflow-how-debt-claims-can-help/): Streamline the ebt collection process, increase efficiency, and ultimately boost your cashflow through our Debt-Claims portal. Read more. - [Service of a claim form on individuals residing in Scotland or Northern Ireland](https://debt-claims.com/articles/service-of-a-claim-form-on-individuals-in-scotland-or-northern-ireland/): Efficient service for claim form delivery to individuals in Scotland and Northern Ireland. Learn more. - [Debt Recovery for Small Businesses: Essential Steps and Pitfalls to Avoid](https://debt-claims.com/articles/debt-recovery-for-small-businesses/): Debt recovery can be a daunting process for those unfamiliar with it. One key aspect of debt recovery is the need for accurate and complete documentation. - [What Is The Smallest Debt You Can Collect?](https://debt-claims.com/articles/the-smallest-debt-you-can-collect/): At Debt-Claims, we do not work on a commission or recovery basis and every instruction receives exactly the same high level of service. Read more. - [Use Debt-Claims To Recover Money From A Cancelled Flight](https://debt-claims.com/articles/use-debt-claims-to-recover-money-from-a-cancelled-flight/): If you are owed a refund and compensation from an airline, here is how you can use our Debt-Claims Portal to recover your money. - [What Information is Needed to Begin Debt Collection?](https://debt-claims.com/articles/begin-debt-collection/): If you are owed money and you want to begin the debt collection process, we can get the process going with just a few small details. Learn more. - [What is Debt Collection?](https://debt-claims.com/articles/what-is-debt-collection/): Throughout the United Kingdom, there are a robust set of rules to ensure that creditors have means to collect what is owed to them. Learn more. - [A Look at a Recent Bankruptcy Petition and Application for Substituted Service How Debt-Claims Secured](https://debt-claims.com/articles/recent-bankruptcy-petition/): Debt-Claims were instructed by a client who wanted to present a bankruptcy petition against a former tenant, who owed around £50,000 in rent. Learn more. - [How Do High Court Enforcement Officer Fees Work?](https://debt-claims.com/blog/high-court-enforcement-fees/): Rules have changed on who must pay VAT on the enforcement fees for work carried out by High Court Enforcement Officers (HCEO) against judgment debtors. - [What Does Setting Aside a Statutory Demand Mean?](https://debt-claims.com/articles/what-does-setting-aside-a-statutory-demand-mean/): Following service of a statutory demand, a debtor has 18 days to apply to have it set aside (this includes both companies and individuals). Learn more. --- ## Case Studies - [Bankruptcy](https://debt-claims.com/case-studies/bankruptcy/): In this Case Study, we discuss securing an Order for Substituted Service of a Bankruptcy Petition Where a Debtor’s Address was Unknown. Learn more. - [Serving a Statutory Demand](https://debt-claims.com/case-studies/serving-a-statutory-demand/): In this case study we discuss serving a Statutory Demand and recovering the full debt of £22,000, together with costs and interest. - [Winding Up](https://debt-claims.com/case-studies/winding-up/): In this case study, we discuss Debt-Claims securing full payment including all costs following a winding-up petition. - [Letter Before Action](https://debt-claims.com/case-studies/lba/): In this Case Study, we discuss how Debt-Claims solicitors collected £32,000 owed to a client for just £12.50. --- # # Detailed Content ## Pages > Debt-Claims Solicitors provide specialised small business debt collection services designed to be affordable and effective, ensuring your business thrives without the burden of unpaid debts. - Published: 2024-10-01 - Modified: 2024-10-01 - URL: https://debt-claims.com/small-business-debt-collection/ Debt-Claims Solicitors provide specialised small business debt collection services designed to be affordable and effective, ensuring your business thrives without the burden of unpaid debts. We understand the unique challenges small businesses face and offer solutions that fit your specific needs. Our Specialised Services: Cost-Effective Strategies: We develop affordable recovery solutions that respect your budget constraints. Expert Legal Support: Benefit from the expertise of our solicitors who understand the nuances of small business debt collection. Customised Recovery Plans: Our plans are tailored to the unique circumstances of your business, ensuring effective debt recovery without harming client relationships. Why Choose Debt-Claims Solicitors? Budget-Friendly Solutions: We offer services that are both effective and economical. Personalised Attention: Each client is important, and we provide dedicated support to meet your specific challenges. Expert Guidance: With extensive experience in small business sectors, our team offers strategies that are both practical and compliant with UK laws. Partnering with Debt-Claims Solicitors ensures that your small business's debt collection is handled with care, professionalism, and tailored expertise. Get in touch with our team today to learn more. --- > Debt-Claims Solicitors enhance your payment collection processes with our dynamic services designed to improve cash flow and minimise disruptions caused by delayed payments. - Published: 2024-10-01 - Modified: 2024-10-01 - URL: https://debt-claims.com/payment-collection-services/ Debt-Claims Solicitors enhance your payment collection processes with our dynamic services designed to improve cash flow and minimise disruptions caused by delayed payments. Our innovative technology and strategic legal advice ensure effective payment collections. Our Specialised Services: Seamless Payment Tracking: Our online system offers continuous monitoring and updates, allowing for effective management of payment collections. Strategic Legal Advice: Our experienced solicitors provide guidance on the best practices and legal parameters for successful payment collections. Custom Solutions: We offer custom solutions that adapt to the specific needs of your business, ensuring efficient collections and improved financial health. Why Choose Debt-Claims Solicitors? Advanced Technology: Benefit from our digital solutions that offer comprehensive tracking and management capabilities. Expert Support: Gain strategic insights from our legal experts to enhance your collection efforts. Tailored Approaches: We recognise the unique challenges faced by businesses and provide personalised solutions accordingly. With Debt-Claims Solicitors, you get a partner committed to enhancing your ability to collect payments swiftly and efficiently. Get in touch with our team today to learn more. --- > At Debt-Claims Solicitors, we provide thorough legal collection services that encompass all aspects of debt recovery. - Published: 2024-10-01 - Modified: 2024-10-01 - URL: https://debt-claims.com/legal-collection-services/ At Debt-Claims Solicitors, we provide thorough legal collection services that encompass all aspects of debt recovery. Our approach combines legal precision with advanced technology to offer effective solutions tailored to your business needs. Our Specialised Services: Advanced Legal Support: Our solicitors are adept at navigating the complex legal landscape of debt recovery, ensuring compliance and maximising outcomes. Technology-Driven Solutions: Use our online portal for streamlined management of your legal collection cases, complete with detailed reporting and real-time updates. Customised Legal Strategies: We develop bespoke strategies that are specifically crafted to the legal requirements of each case. Why Choose Debt-Claims Solicitors? Legal Compliance: We ensure all collection practices are strictly compliant with UK laws. Efficient Case Handling: Our strategies are designed for quick resolution and effective results. Personalised Service: Every client's case is handled with utmost care and tailored strategy to meet specific needs. Debt-Claims Solicitors are your trusted partner in legal collections, providing you with the expertise necessary to navigate challenging debt recovery scenarios. Get in touch with our team today to learn more. --- > Debt-Claims Solicitors offer specialised invoice debt recovery services that streamline the process of recovering unpaid invoices efficiently and professionally. - Published: 2024-10-01 - Modified: 2024-10-01 - URL: https://debt-claims.com/invoice-debt-recovery-services/ Debt-Claims Solicitors offer specialised invoice debt recovery services that streamline the process of recovering unpaid invoices efficiently and professionally. Our technology-driven solutions coupled with expert legal advice ensure your business sustains optimal cash flow. Our Specialised Services: Real-Time Invoice Tracking: Utilise our online portal to track the status of each invoice in real time, enabling swift action and decision-making. Legal Expertise: Leverage our UK-based solicitors' in-depth knowledge of debt recovery laws to handle disputes and legal complexities effectively. Tailored Recovery Plans: Each client receives a customised approach to invoice debt recovery, ensuring high recovery rates and maintaining client relations. Why Choose Debt-Claims Solicitors? Efficiency and Precision: Our advanced tools and processes are designed for maximum efficiency and accuracy in recovering owed money. Expert Guidance: With vast experience in debt recovery, our solicitors provide reliable, law-compliant strategies. Client-Focused Solutions: We understand the impact of unpaid invoices on your business and offer tailored solutions to address these challenges. Choosing Debt-Claims Solicitors means ensuring that your invoice recovery process is handled with professionalism and precision. Get in touch with our team today to learn more. --- > We provide strategic legal counsel combined with state-of-the-art technology to streamline the debt recovery process. - Published: 2024-10-01 - Modified: 2024-10-01 - URL: https://debt-claims.com/expert-debt-recovery/ Our team of debt collection solicitors at Debt-Claims is well-equipped to handle the complexities of recovering debts across various sectors. We provide strategic legal counsel combined with state-of-the-art technology to streamline the debt recovery process. Our Specialised Services: Legal Collection Expertise: Our experienced solicitors offer comprehensive advice and represent your interests aggressively to ensure your debts are recovered. Customised Debt Recovery Solutions: Every debt recovery scenario is different. We tailor our approach to suit your specific situation, making the process as effective and straightforward as possible. Innovative Technology: Use our advanced online platform for detailed tracking and management of debt recovery cases, offering clarity and control over the process. Why Choose Debt-Claims Solicitors? Reliable Expertise: Our team has a profound understanding of the legal landscape and uses this to your advantage in debt recovery cases. Dynamic Solutions: We adapt our strategies to meet the evolving demands of the business and legal environments. Client-Centric Approach: At Debt-Claims, your business's financial health is our top priority. We ensure personalised service and dedicated support throughout the debt recovery process. Partner with Debt-Claims Solicitors for efficient and effective debt recovery solutions tailored to your business needs. Get in touch with our team today to learn more. --- > Debt-Claims Solicitors excel in company debt collection, leveraging cutting-edge technology and legal expertise to streamline your collection processes. - Published: 2024-10-01 - Modified: 2024-10-01 - URL: https://debt-claims.com/company-debt-collection/ Debt-Claims Solicitors excel in company debt collection, leveraging cutting-edge technology and legal expertise to streamline your collection processes. Our services are designed to maximise efficiency and recover your dues effectively, keeping your business ahead in a dynamic industry. Our Specialised Services: Advanced Online Portal: Our user-friendly online portal provides real-time updates and seamless control over your debt collection activities, helping you stay informed at every step. Legal Expertise: Our UK-based solicitors bring deep knowledge of debt collection laws, ensuring all recovery actions are compliant and effective. Bespoke Collection Strategies: We understand that each company faces unique challenges. Our services are tailored to address your specific circumstances, ensuring optimal debt recovery outcomes. Why Choose Debt-Claims Solicitors? Technological Efficiency: Our advanced systems ensure smooth and efficient debt collection. Comprehensive Legal Support: Benefit from the expertise of solicitors who understand the nuances of UK debt collection regulations. Customised Solutions: Our solutions are designed to meet your individual needs, ensuring we tackle your debt collection challenges effectively. Debt-Claims Solicitors are your ideal partners in navigating the complexities of company debt collection, providing you with the tools and advice necessary to succeed. Get in touch with our team today to learn more. --- > We specialise in commercial debt recovery, offering a powerful combination of advanced digital tools and comprehensive legal knowledge. - Published: 2024-10-01 - Modified: 2024-10-01 - URL: https://debt-claims.com/commercial-debt-recovery/ At Debt-Claims Solicitors, we specialise in commercial debt recovery, offering a powerful combination of advanced digital tools and comprehensive legal knowledge. Our innovative online portal facilitates real-time monitoring of your debt recovery process, ensuring maximum control and efficiency. Our Specialised Services: Real-Time Case Management: Access your cases at any time from anywhere. Our portal is designed to provide instant updates, allowing you to monitor the progress of your commercial debt recovery in real time. Expert Legal Guidance: Our team of seasoned UK-based solicitors provides not just technological solutions but also robust legal advice tailored to the complexities of commercial debt. Customised Recovery Strategies: Each business and each debt situation is unique. We tailor our debt recovery solutions to fit your specific needs, enhancing the effectiveness of our interventions. Why Choose Debt-Claims Solicitors? Efficiency and Control: Our online portal puts you in charge, allowing for seamless operations and immediate access to case details. Expert Advice: With years of experience, our solicitors offer time-tested legal strategies that are effective in even the most challenging commercial recovery cases. Tailored Services: We design our services to meet your unique needs, ensuring that we address your specific challenges with the most appropriate solutions. Partnering with Debt-Claims means choosing a leader in digital innovation and legal expertise, equipped to handle the intricacies of commercial debt recovery with precision and professionalism. Get in touch with our team today to learn more. --- > Effective B2B debt recovery is pivotal to maintaining your business's financial health. We offer bespoke services tailored to meet the unique demands of each client. - Published: 2024-10-01 - Modified: 2024-10-01 - URL: https://debt-claims.com/b2b-debt-recovery-solutions/ At Debt-Claims Solicitors, we understand that effective B2B debt recovery is pivotal to maintaining your business's financial health. Leveraging the latest in digital technology coupled with our legal expertise, we offer bespoke services tailored to meet the unique demands of each client. Our advanced online portal enables real-time tracking and management of debt recovery cases, ensuring that you are always informed and in control. Our Specialised Services Advanced Online Portal: Access your cases anytime, anywhere. Our portal is designed to provide instant updates, allowing you to monitor the progress of your debt recovery in real time. This tool is integral for businesses that need to stay agile in a dynamic financial landscape. Expert Legal Guidance: Backed by our team of seasoned UK-based solicitors, Debt-Claims provides not just technological solutions but also robust legal advice. Whether it’s navigating complex recovery cases or managing insolvency matters, our solicitors ensure you receive knowledgeable and timely counsel. Customised Recovery Strategies: Every business and every debt is unique. That’s why we tailor our debt recovery solutions to fit your specific situation, enhancing the effectiveness of our interventions and maximising the likelihood of successful recovery. Why Choose Debt-Claims Solicitors? Efficiency and Control: Our online portal puts you in charge, allowing for seamless operations and immediate access to case details. Expert Advice: With decades of experience, our solicitors offer time-tested legal strategies that are effective in even the most challenging cases. Tailored Services: We design our services to meet your unique needs, ensuring that we address your... --- > Get the perfect blend of digital innovation and legal expertise to manage debt recovery for small businesses efficiently. - Published: 2024-08-10 - Modified: 2024-08-10 - URL: https://debt-claims.com/debt-recovery-for-small-business/ At Debt-Claims Solicitors, we specialise in debt recovery for small businesses, combining cutting-edge technology with legal expertise to provide effective solutions tailored to your unique needs. Our services help small businesses navigate the complexities of debt recovery, ensuring you stay ahead in a dynamic industry. Central to our offerings is our innovative online portal, designed with insights from our experienced team. This portal offers instant access, real-time updates, and seamless operations, giving you control over every case. While our approach is modern, our advice is grounded in the rich experience of our UK-based solicitors, ensuring timely, reliable counsel. With Debt-Claims Solicitors, you get the perfect blend of digital innovation and legal expertise to manage debt recovery for small businesses efficiently. Innovative Technology Our unique portal, built with insights from debt recovery specialists, provides real-time management through a dynamic interface. This streamlines decision-making, case management, and recovery processes, allowing small business owners to focus on higher-value tasks while simplifying debt recovery complexities. Partnering with Debt-Claims Solicitors enables small businesses to operate more effectively and confidently. Our team’s specialised UK-based legal expertise helps you navigate the intricacies of debt recovery litigation while ensuring compliance with all regulations. This partnership mitigates risk and optimises efficient debt recovery, providing a robust framework for achieving exceptional results in this challenging field. The combination of time-saving technology and assured legal compliance enables small businesses to recover more funds effectively. Our unique advantages not only help you stay ahead of the competition but also provide a real... --- > Get the perfect blend of digital innovation and legal expertise to manage debt collection for small businesses efficiently. - Published: 2024-08-10 - Modified: 2024-08-10 - URL: https://debt-claims.com/debt-collection-for-small-business/ At Debt-Claims Solicitors, we specialise in debt collection for small businesses, combining cutting-edge technology with legal expertise to provide effective solutions tailored to your unique needs. Our services help small businesses navigate the complexities of debt recovery, ensuring you stay ahead in a dynamic industry. Central to our offerings is our innovative online portal, designed with insights from our experienced team. This portal offers instant access, real-time updates, and seamless operations, giving you control over every case. While our approach is modern, our advice is grounded in the rich experience of our UK-based solicitors, ensuring timely, reliable counsel. With Debt-Claims Solicitors, you get the perfect blend of digital innovation and legal expertise to manage debt collection for small businesses efficiently. Innovative Technology Our unique portal, built with insights from debt collection specialists, provides real-time management through a dynamic interface. This streamlines decision-making, case management, and recovery processes, allowing small business owners to focus on higher-value tasks while simplifying debt collection complexities. Partnering with Debt-Claims Solicitors enables small businesses to operate more effectively and confidently. Our team’s specialised UK-based legal expertise helps you navigate the intricacies of debt collection litigation while ensuring compliance with all regulations. This partnership mitigates risk and optimises efficient debt recovery, providing a robust framework for achieving exceptional results in this challenging field. The combination of time-saving technology and assured legal compliance enables small businesses to recover more funds effectively. Our unique advantages not only help you stay ahead of the competition but also provide a real... --- - Published: 2023-12-07 - Modified: 2024-01-15 - URL: https://debt-claims.com/debt-claims-heroes/ Welcome to Debt-Claims Heroes, our new debt referral programme that is transforming the landscape of debt recovery. This is your chance to play a pivotal role in helping businesses navigate their financial challenges. Imagine the satisfaction of guiding your contacts towards regaining financial stability. And as a token of our appreciation, for every new client you introduce to us, we’ll treat you to a complimentary coffee gift card*. Do you know a business that could benefit from the expertise of Debt-Claims Solicitors? Simply fill out our referral form, and we’ll take care of the rest. Join us on this journey. Together, we can make a significant impact, steering businesses towards a brighter, debt-free future. Become a Debt-Claims Heroes today! * Terms & conditions apply JTNDJTIxLS0lMjBTaGFycFNwcmluZyUyMEZvcm0lMjBmb3IlMjBEZWJ0LUNsYWltcyUyMFJlZmVycmFsJTIwQ2FtcGFpZ24lMjBGb3JtJTIwJTIwLS0lM0UlMEElM0NzY3JpcHQlMjB0eXBlJTNEJTIydGV4dCUyRmphdmFzY3JpcHQlMjIlM0UlMEElMjAlMjAlMjAlMjB2YXIlMjBzc19mb3JtJTIwJTNEJTIwJTdCJTI3YWNjb3VudCUyNyUzQSUyMCUyN016YXdNTEUwTVRjekJRQSUyNyUyQyUyMCUyN2Zvcm1JRCUyNyUzQSUyMCUyN3N6UXdOVFZQTkVqU05VMUx0ZEExTWJJMDBFMUtOamJXTlRRMU1VNDF0VFJPTWpSSUFnQSUyNyU3RCUzQiUwQSUyMCUyMCUyMCUyMHNzX2Zvcm0ud2lkdGglMjAlM0QlMjAlMjcxMDAlMjUlMjclM0IlMEElMjAlMjAlMjAlMjBzc19mb3JtLmRvbWFpbiUyMCUzRCUyMCUyN2FwcC0zUU5UUkU3UDBNLm1hcmtldGluZ2F1dG9tYXRpb24uc2VydmljZXMlMjclM0IlMEElMjAlMjAlMjAlMjBzc19mb3JtLmhpZGRlbiUyMCUzRCUyMCU3QiUyN191c2VQbGFjZWhvbGRlcnMlMjclM0ElMjB0cnVlJTdEJTNCJTIwJTJGJTJGJTIwTW9kaWZ5JTIwdGhpcyUyMGZvciUyMHNlbmRpbmclMjBoaWRkZW4lMjB2YXJpYWJsZXMlMkMlMjBvciUyMG92ZXJyaWRpbmclMjB2YWx1ZXMlMEElMjAlMjAlMjAlMjAlMkYlMkYlMjBzc19mb3JtLmhpZGRlbiUyMCUzRCUyMCU3QiUyN2ZpZWxkX2lkJTI3JTNBJTIwJTI3dmFsdWUlMjclN0QlM0IlMjAlMkYlMkYlMjBNb2RpZnklMjB0aGlzJTIwZm9yJTIwc2VuZGluZyUyMGhpZGRlbiUyMHZhcmlhYmxlcyUyQyUyMG9yJTIwb3ZlcnJpZGluZyUyMHZhbHVlcyUwQSUyMCUyMCUyMCUyMCUyRiUyRiUyMHNzX2Zvcm0udGFyZ2V0X2lkJTIwJTNEJTIwJTI3dGFyZ2V0JTI3JTNCJTIwJTJGJTJGJTIwT3B0aW9uYWwlMjBwYXJhbWV0ZXIlM0ElMjBmb3JtcyUyMHdpbGwlMjBiZSUyMHBsYWNlZCUyMGluc2lkZSUyMHRoZSUyMGVsZW1lbnQlMjB3aXRoJTIwdGhlJTIwc3BlY2lmaWVkJTIwaWQlMEElMjAlMjAlMjAlMjAlMkYlMkYlMjBzc19mb3JtLnBvbGxpbmclMjAlM0QlMjB0cnVlJTNCJTIwJTJGJTJGJTIwT3B0aW9uYWwlMjBwYXJhbWV0ZXIlM0ElMjBzZXQlMjB0byUyMHRydWUlMjBPTkxZJTIwaWYlMjB5b3VyJTIwcGFnZSUyMGxvYWRzJTIwZHluYW1pY2FsbHklMjBhbmQlMjB0aGUlMjBpZCUyMG5lZWRzJTIwdG8lMjBiZSUyMHBvbGxlZCUyMGNvbnRpbnVhbGx5LiUwQSUzQyUyRnNjcmlwdCUzRSUwQSUzQ3NjcmlwdCUyMHR5cGUlM0QlMjJ0ZXh0JTJGamF2YXNjcmlwdCUyMiUyMHNyYyUzRGh0dHBzJTNBJTJGJTJGa29pLTNRTlRSRTdQME0ubWFya2V0aW5nYXV0b21hdGlvbi5zZXJ2aWNlcyUyRmNsaWVudCUyRmZvcm0uanMlM0Z2ZXIlM0QyLjAuMSUzRSUzQyUyRnNjcmlwdCUzRSUwQQ== --- > A stress-free, comprehensive solution to business debt recovery. Learn more. - Published: 2023-10-24 - Modified: 2024-02-04 - URL: https://debt-claims.com/business-debt-recovery/ Chasing overdue payments can be a headache you simply don't need. That's why Debt-Claims Solicitors exists: to provide UK and international businesses like yours with a stress-free, comprehensive solution to business debt recovery. If you're a business owner, you understand the importance of healthy cash flow. Unfortunately, unpaid debts can cripple your operations and affect your bottom line. In such critical times, you need a reliable partner to take the reins of your business debt recovery process. Professional Expertise: Our team of business debt recovery specialists has years of experience and training. You're in safe hands with us. Bespoke Processes: We don't believe in a one-size-fits-all approach. Our digital methods are tailored to meet the unique needs of your business. End-to-End Solutions: From the initial consultation to the final recovery, we manage all aspects, so you can focus on your core business. International Reach: We don't just cater to UK businesses. Our expertise in international business debt recovery means we've got you covered, no matter where your debtors are based. Convenience: Our platform is designed to be user-friendly, making the business debt recovery process as simple and convenient as possible for you. Our business debt recovery process is simple, transparent, and effective: Consultation: Schedule a free consultation to discuss your specific business debt recovery needs. Assessment: We will conduct a detailed analysis of your outstanding debts and suggest the most suitable recovery process. Action Plan: Once you approve the plan, we'll take swift action, using proven recovery techniques. Recovery: Watch... --- > We offer a full-service, end-to-end approach centred around key legal frameworks including Form N9B. - Published: 2023-10-13 - Modified: 2024-02-04 - URL: https://debt-claims.com/form-n9b/ Navigating the complexities of business debt recovery can be overwhelming, especially when legal paperwork like Form N9B is involved. That's why Debt-Claims Solicitors is committed to making UK and international debt recovery as straightforward and stress-free as possible for businesses like yours. With our professional, bespoke digital solutions, we offer a full-service, end-to-end approach centred around key legal frameworks including Form N9B. If you find yourself buried under outstanding debts and complicated paperwork like Form N9B, then it's time for a comprehensive debt recovery solution that simplifies your life. Legal Expertise: Understanding the particulars of legal forms such as Form N9B can be daunting. Our team specialises in navigating these complexities for you. Tailored Digital Processes: Our bespoke digital solutions offer an all-in-one, user-friendly approach to debt recovery and Form N9B procedures. Convenience: From your initial consultation to the successful recovery of your debts, we manage the entire process, making it convenient for you. Global Solutions: Not only do we offer expertise in UK debt recovery, but we also cover international terrain, adapting procedures like Form N9B for global contexts where applicable. User-Centric Platform: Our user-friendly digital interface simplifies the complexity of debt recovery and Form N9B processing. Mastering debt recovery and Form N9B with Debt-Claims Solicitors is as simple as: Initial Consultation: Schedule a free, no-obligation chat to discuss your unique debt recovery needs, including any Form N9B requirements. Thorough Evaluation: Our specialists perform an in-depth analysis of your outstanding debts and tailor a comprehensive recovery plan. Strategic Action:... --- > Debt-Claims offers a streamlined business to business debt recovery protocol for both UK and international markets. - Published: 2023-10-13 - Modified: 2024-02-04 - URL: https://debt-claims.com/business-to-business-debt-recovery-protocol/ Unpaid invoices, delayed payments, and outstanding debts. They're more than just financial issues; they're headaches that can hinder your company's growth. That's where Debt-Claims Solicitors comes in, offering a streamlined business to business debt recovery protocol for both UK and international markets. The essence of a successful business lies in effective cash flow. However, unpaid debts can be a stumbling block, casting a shadow over your operations and bottom line. That’s why you need a comprehensive business to business debt recovery protocol that works as hard as you do. Professional Approach: Our team is not only trained but also well-versed in the nuanced protocols for business debt recovery, ensuring that you're in capable hands. Bespoke Digital Processes: We offer customised solutions using advanced digital methods that align with the unique financial fabric of your business. End-to-End Service: From initial consultation to the successful recovery of your debts, we manage every aspect of the business to business debt recovery protocol. Global Expertise: Servicing both UK and international markets, we’ve got the know-how to handle cross-border business debt recovery. Convenience: We aim to make the recovery process as simple as possible, with a user-friendly digital interface that you can navigate with ease. Our approach to business debt recovery is transparent, direct, and gets results: Initial Consultation: Book a no-obligation consultation to discuss your specific debt recovery needs. Debt Analysis: We meticulously assess the outstanding debts and devise the most effective business to business debt recovery protocol for you. Strategic Implementation: Upon your... --- > We’ve designed our services to provide a stress-free, efficient way to navigate the county court debt recovery procedure. - Published: 2023-10-13 - Modified: 2024-02-04 - URL: https://debt-claims.com/county-court-debt-recovery-procedure/ The intricate nature of county court debt recovery procedure can be daunting for businesses both within the UK and internationally. At Debt-Claims Solicitors, we've designed our services to provide a stress-free, efficient way to navigate this complex process. A thriving business needs a healthy cash flow. But when unpaid debts start to pile up, you may find yourself contemplating the often-confusing landscape of the county court debt recovery procedure. This is where we come in, with solutions tailored to fit your needs. Expertise and Professionalism: Our team of debt recovery specialists has in-depth knowledge of county court debt recovery procedures, offering you peace of mind. Bespoke Digital Solutions: Our digital platforms are customised to suit your business's specific requirements, ensuring an end-to-end solution. Comprehensive Coverage: We offer full-scale services, from the initial consultation right through to successful debt recovery, all within the framework of county court regulations. Global Scope: While our expertise is rooted in UK laws, we also offer effective solutions for international businesses grappling with county court debt recovery procedures. Convenience: Our user-friendly platform aims to simplify complex processes, making it easier for you to manage debt recovery efforts. Our approach to the county court debt recovery procedure is straightforward, efficient, and produces results: Free Consultation: Speak to one of our experts to discuss your specific debt recovery requirements. Thorough Assessment: We conduct a meticulous evaluation of your outstanding debts and design a tailored recovery strategy. Implementation: Once you approve our plan, we initiate the county court debt... --- > From local businesses in Coventry to international operations, our tailored approach to business debt recovery offers a seamless, end-to-end solution. - Published: 2023-10-13 - Modified: 2024-02-04 - URL: https://debt-claims.com/debt-collection-coventry/ Managing a business is challenging enough without the added burden of chasing overdue invoices. Debt-Claims Solicitors is here to ease your stress, offering expert services in debt collection Coventry can rely on. From local businesses in Coventry to international operations, our tailored approach to business debt recovery offers a seamless, end-to-end solution. When outstanding debts start accumulating, it can spell trouble for your company's financial health. This is why you need a specialised service in debt collection Coventry businesses can count on to recover what's rightfully yours. Professional Expertise: With a team skilled in the complexities of business debt recovery, Debt-Claims Solicitors offers unparalleled professionalism. Bespoke Digital Solutions: Our unique, tailor-made digital procedures are designed to offer an all-inclusive solution to debt collection Coventry businesses can depend on. End-to-End Coverage: From initial consultations to the successful recovery of debts, we handle it all, offering you a convenient and simplified experience. Global Reach: While our services in debt collection Coventry are locally grounded, our capabilities extend internationally, ensuring comprehensive debt recovery solutions. User-Friendly Interface: Our platform is designed for ease of use, streamlining the debt recovery process for you. Our approach to debt collection Coventry businesses will find efficient and straightforward: Initial Consultation: Book a free, no-obligation chat to discuss your debt recovery needs. Debt Evaluation: Our experts conduct a thorough assessment of your outstanding debts to develop a targeted recovery plan. Implementation: With your approval, we'll start the debt recovery process, using our bespoke digital solutions. Fund Recovery: Keep track... --- > Our bespoke digital services offer a comprehensive, end-to-end approach that's easy to use and maximises your recovery. - Published: 2023-10-13 - Modified: 2024-02-04 - URL: https://debt-claims.com/debt-recovery-costs-on-late-payments/ Unpaid invoices and outstanding debts can wreak havoc on your cash flow, and navigating the landscape of debt recovery costs on late payments can be challenging. That's why Debt-Claims Solicitors offers a stress-free, straightforward solution for business debt recovery in the UK and internationally. Our bespoke digital services offer a comprehensive, end-to-end approach that's easy to use and maximises your recovery. Late payments can put your business in a financial crunch. If you're struggling with how to recover these funds without exorbitant costs, you need a reliable solution for debt recovery costs on late payments. Cost-Efficient Solutions: Our focus is on minimising debt recovery costs on late payments, ensuring that you keep a greater share of your recovered funds. Professional Expertise: We bring years of experience in the complexities of debt recovery, both within the UK and internationally. Bespoke Processes: Our custom-built digital solutions provide an all-inclusive service tailored to your specific needs. Convenience: Our platform is designed for ease of use, making the debt recovery process hassle-free from start to finish. International Capabilities: Don't worry if your debtor is overseas. Our expertise in international debt recovery has you covered. Understanding debt recovery costs on late payments is easier than ever with Debt-Claims Solicitors: Consultation: Schedule a free, no-obligation discussion about your specific debt recovery needs. Assessment: Our experts conduct an in-depth analysis of your outstanding debts to tailor a cost-effective recovery strategy. Plan Execution: With your approval, we take action, utilising our bespoke digital tools and methods. Tracking: Follow... --- > From local businesses in Coventry to international operations, our tailored approach to business debt recovery offers a seamless, end-to-end solution. - Published: 2023-10-13 - Modified: 2024-02-04 - URL: https://debt-claims.com/debt-recovery-coventry/ Managing a business is challenging enough without the added burden of chasing overdue invoices. Debt-Claims Solicitors is here to ease your stress, offering expert services in debt recovery Coventry can rely on. From local businesses in Coventry to international operations, our tailored approach to business debt recovery offers a seamless, end-to-end solution. When outstanding debts start accumulating, it can spell trouble for your company's financial health. This is why you need a specialised service in debt recovery Coventry businesses can count on to recover what's rightfully yours. Professional Expertise: With a team skilled in the complexities of business debt recovery, Debt-Claims Solicitors offers unparalleled professionalism. Bespoke Digital Solutions: Our unique, tailor-made digital procedures are designed to offer an all-inclusive solution to debt recovery Coventry businesses can depend on. End-to-End Coverage: From initial consultations to the successful recovery of debts, we handle it all, offering you a convenient and simplified experience. Global Reach: While our services in debt recovery Coventry are locally grounded, our capabilities extend internationally, ensuring comprehensive debt recovery solutions. User-Friendly Interface: Our platform is designed for ease of use, streamlining the debt recovery process for you. Our approach to debt recovery Coventry businesses will find efficient and straightforward: Initial Consultation: Book a free, no-obligation chat to discuss your debt recovery needs. Debt Evaluation: Our experts conduct a thorough assessment of your outstanding debts to develop a targeted recovery plan. Implementation: With your approval, we'll start the debt recovery process, using our bespoke digital solutions. Fund Recovery: Keep track... --- > As professional debt recovery solicitors, we offer a convenient, end-to-end approach that is custom-tailored to suit your needs. - Published: 2023-10-13 - Modified: 2024-02-04 - URL: https://debt-claims.com/debt-recovery-solicitors/ Business debt recovery doesn't have to be a stressful experience. At Debt-Claims Solicitors, we are committed to providing UK and international businesses like yours with hassle-free debt recovery solutions. As professional debt recovery solicitors, we offer a convenient, end-to-end approach that is custom-tailored to suit your needs. Late payments and unfulfilled invoices can pose serious risks to your business's financial stability. That's where our expert debt recovery solicitors come in, helping you recover your funds without any stress. Specialised Expertise: As professional debt recovery solicitors, we have the skills and know-how to navigate the intricacies of UK and international debt laws. Bespoke Digital Solutions: We offer unique, tailored digital methods designed to give you a comprehensive solution for debt recovery. Convenience at Its Best: Our user-friendly platform makes your experience smooth and stress-free from start to finish. Global Coverage: Our services are not limited to the UK; we are fully equipped to handle international debt recovery with the same level of expertise. End-to-End Service: From the initial consultation to the successful recovery of your debts, our debt recovery solicitors manage it all. Our process is simple and transparent, making your journey with us stress-free: Initial Consultation: Schedule a no-obligation discussion to talk through your specific debt recovery needs. Comprehensive Assessment: Our debt recovery solicitors carry out a detailed analysis of your outstanding debts and create a tailored recovery strategy. Strategic Implementation: Once you approve the plan, we move forward using proven, effective methods to recover your debts. Monitoring: Track the... --- > Our bespoke digital solutions offer a comprehensive, end-to-end service that adheres to the Late-Payment-Act while being simple to use. - Published: 2023-10-13 - Modified: 2024-02-04 - URL: https://debt-claims.com/late-payment-act/ Debt recovery can often be a time-consuming and stressful task for businesses, both in the UK and internationally. This is particularly true when trying to navigate complex frameworks like the Late-Payment-Act. That's where Debt-Claims Solicitors comes in. We're here to take the stress out of your debt recovery process. Our bespoke digital solutions offer a comprehensive, end-to-end service that adheres to the Late-Payment-Act while being simple to use. Being unaware or misinformed about regulations such as the Late-Payment-Act can impact your ability to recover funds effectively. At Debt-Claims Solicitors, we simplify this for you. Comprehensive Legal Knowledge: Our team has extensive expertise in navigating the Late-Payment-Act, helping you recover your debts in full compliance with the law. Bespoke Digital Processes: Our tailored digital platforms offer a one-stop solution for all your debt recovery needs, aligning with the Late-Payment-Act. Ease and Convenience: We handle the entire debt recovery process, from the initial consultation to successful fund recovery, making it hassle-free for you. International Coverage: Our services extend beyond the UK. We offer international debt recovery solutions while considering local regulations and acts similar to the Late-Payment-Act. User-Friendly Experience: Our intuitive digital platform is designed for easy navigation, offering you real-time updates on your debt recovery status. Initial Consultation: Get a free, no-obligation discussion to identify your debt recovery needs, including any concerns related to the Late-Payment-Act. In-depth Analysis: We perform a thorough review of your unpaid invoices and build a customised strategy compliant with the Late-Payment-Act. Strategic Action: Upon your approval,... --- > The Debt-Claims API allow third-party platform to interact with our debt-portal on their own terms. Learn more. - Published: 2023-09-14 - Modified: 2023-09-14 - URL: https://debt-claims.com/online-security/ Security & Compliance Understanding the importance of securing your data, we employ a multi-faceted approach to safeguarding it, in strict compliance with UK regulations and standards. Data Secured on Dedicated Physical Servers: All of our data is securely stored on dedicated physical servers, adhering to the UK’s Data Protection Act, thereby ensuring the utmost privacy and security of your data. Data Encrypted at Rest and in Transit: To further safeguard your information, all data is encrypted both at rest and during transit, fulfilling the requirements laid down by the UK’s Information Commissioner’s Office (ICO) for robust encryption methods. Hardware TPMs: Our systems come equipped with Hardware Trusted Platform Modules (TPMs), in compliance with UK regulations, for secure hardware-based key generation and storage. Systems Monitored 24/7 (Physically and Systematically): We offer round-the-clock system and physical monitoring, meeting UK’s standards for continuous security vigilance and ensuring immediate response to any security incidents. Hardware Firewalls, Web Application Firewalls, Intrusion Detection and Prevention Systems: Our multi-layered security infrastructure includes hardware firewalls, web application firewalls, and intrusion detection and prevention systems, all of which are in strict adherence to the UK’s Cyber Essentials guidelines. Data Backups Every 15 Minutes: To ensure business continuity and data retention, we perform automated backups of all data every 15 minutes, in line with UK legal requirements for robust data backup procedures. --- - Published: 2023-09-11 - Modified: 2023-11-22 - URL: https://debt-claims.com/testimonials/ Richter GlobalDebt-Claim. com have provided exceptional service for Richter Associates. The process is straightforward, and their team are professional and efficient. They have helped me recover 100% of our outstanding debt from stubborn non-payers, significantly improving my cash flow. Having a Letter Before Action sent from a professional service has proved so much more effective than sending our own letters. Further, the statement of rights to fees and interest in the letter has resulted in a number of our debtors paying immediately that the letter is received in order to avoid further charges. The pricing structure is clear and very reasonable. Compared to other services we have used in the past, it is very competitively priced and the steps for escalating recovery are easy to navigate, although the Letter Before Action has proved sufficient in our collections. Working in the construction industry, an effective cash collection tool is a huge benefit to our operation. I highly recommend Debt-Claim. com for effective debt recovery. Rachel Cole FCMAGroup Finance Director, Richter Global Rachel Cole FCMARichter GlobalThe Debt Recovery Bureau LLPWe’ve been using the Debt Claims portal for around nine months for any cases where legal action has been deemed necessary. The ease of use of the portal, with easy tracking of each case has made it really easy for us to manage cases on behalf of our clients. We will continue to use the service and would certainly recommend it to others. Neil Bowler, Managing PartnerThe Debt Recovery Bureau LLPWestern Trading GroupWe started... --- > If you don't get a response to your LBA, our debt-claims team will advise you of the most appropriate course of action enforcement. - Published: 2023-06-08 - Modified: 2023-10-18 - URL: https://debt-claims.com/faq/ A Letter Before Action, also known as a Letter of Claim, is a formal letter that sets out what a claimant states they are entitled to, and what they expect the respondent to do. In the context of debt, the claimant will state why the respondent owes them money and how much, and when it needs paid by, before legal proceedings are issued. An LBA must include certain information in accordance with the Civil Procedure Rules. HCEO stands for High Court Enforcement Officer. HCEOs are officers of the High Court of England and Wales who are responsible for enforcing judgments of the High Court, often by seizing goods or repossessing property. They operate only in England and Wales. A High Court Enforcement Officer may in some cases enforce County Court Judgments (CCJs). Usually, once an application has been received by the Court and listed for a hearing (or initial directions) the Court will also stay (pause) any enforcement of the judgment until the application has been heard. Often, you might receive a copy of the application before the Court have made their initial directions; in these cases (and whilst it's not mandatory) then depending on the circumstances, it might be sensible to take no further action as any money recovered might have to be returned if the judgment is set aside. Further, it is likely that once the Court have considered the application, they will impose a stay anyway, and you may incur further costs continuing with enforcement in the... --- > This Privacy Policy sets out how we, Debt-Claims obtain, store and use your personal information when you use or interact with our website, debt-claims.com - Published: 2023-06-01 - Modified: 2023-06-01 - URL: https://debt-claims.com/software-terms-and-conditions/ LICENCE TERMS AND CONDITIONS FOR USE OF ELECTRONIC PORTAL DEBT-RECOVERY SERVICES The Client's attention is drawn in particular to the provisions of clause 12 (Askews’ limitation on liability). Agreed terms: 1. Interpretation Agreement: the agreement between Askews and the Client, for the provision of the Services in accordance with these Terms and Conditions including, without limitation, the Portal Stipulations. Askews: means Askews Legal LLP, incorporated and registered in England and Wales with company number OC360386 whose registered office is at 5 The Quadrant, Coventry CV1 2EL. Askews Data: any data transferred to Askews by the Client, for which Askews determines the purposes and means of processing. Business Day: a day other than a Saturday, Sunday or public holiday in England when banks in London are open for business. Back-up Policy: means Askews’ back-up policy relating to the Portal, as implemented and amended by Askews (at its sole discretion) from time to time. Change of Control: shall be as defined in section 1124 of the Corporation Tax Act 2010, and the expression change of control shall be construed accordingly. Client: means the customer, the details of which have been inserted by the relevant customer on the Portal. Client Data: the data inputted onto the Portal by or on behalf of the Client, for the purposes of using the Services or facilitating the Client's use of the Services. For the avoidance of doubt, Client Data does not include Askews Data. Confidential Information: information that is proprietary or confidential and is either clearly... --- > The Debt-Claims API allow third-party platform to interact with our debt-portal on their own terms. Learn more. - Published: 2023-01-30 - Modified: 2023-11-22 - URL: https://debt-claims.com/debt-claims-api/ The Debt-Claims Solicitors API allow third-party platform to interact with our portal on their own terms. This means any business can automatically feed in data from existing systems, directly into the portal. This will give users unlimited access to our debt recovery solution, giving them the power and control to initiate everything the platform offers, including: Late Payment Demands LPD Letter Before Action LBA Letter Before Action LBA Whether it's technical support or training for employees, the team at Debt-Claims Solicitors work in partnership with clients’ internal teams to ensure investments are maximised and deliver measurable ROI. With transparency and simplicity at the heart of our solution, we will create the most efficient onboarding plan for every business. Our knowledge and experience mean you can trust our advice and methods and let us take the stress of debt recovery off your shoulders 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 --- > Not only do we work directly with clients, but we also offer partnership opportunities to a range of organisations. Learn more. - Published: 2023-01-30 - Modified: 2023-11-22 - URL: https://debt-claims.com/why-partner-with-debt-claims/ While we can work directly with end-user clients our focus is to work in partnership with debt recovery practitioners. These include accountancy firms, debt collection agencies, lease companies, debt software platforms, HR professionals, insolvency practitioners and many other businesses. Whether clients work with us as an additional revenue-generating service, or as way to improve internal efficiency, either will have a positive impact on the bottom line. Furthermore, as a flexible and agile business partnerships can be comprised of white labelling the platform, integration via API or referral schemes. Partnering with Debt-Claims Solicitors not only gives users access to a sector defining platform, but also we deliver: A tailored approach to every business and sector Discounted fees based on the volume of claims API integration options Full reporting options Live visibility of claims progress Unlimited users Dedicated account management support, backed by a team of specialist debt recovery solicitors To find out more about partnerships and how they could work for your business contact us via the form below. Our knowledge and experience mean you can trust our advice and methods and let us take the stress of debt recovery off your shoulders JTNDJTIxLS0lMjBTaGFycFNwcmluZyUyMEZvcm0lMjBmb3IlMjBEZWJ0JTIwQ2xhaW1zJTIwQVBJJTJGUGFydG5lcnNoaXBzJTIwLS0lM0UlMEElM0NzY3JpcHQlMjB0eXBlJTNEJTIydGV4dCUyRmphdmFzY3JpcHQlMjIlM0UlMEElMjAlMjAlMjAlMjB2YXIlMjBzc19mb3JtJTIwJTNEJTIwJTdCJTI3YWNjb3VudCUyNyUzQSUyMCUyN016YXdNTEUwTVRjekJRQSUyNyUyQyUyMCUyN2Zvcm1JRCUyNyUzQSUyMCUyN1N6RkpNelZQTVVyVFRVbzBUOVkxc1RBMDFVMDBOMGpTVFRRMU1BQXlqRTJNazlJQSUyNyU3RCUzQiUwQSUyMCUyMCUyMCUyMHNzX2Zvcm0ud2lkdGglMjAlM0QlMjAlMjcxMDAlMjUlMjclM0IlMEElMjAlMjAlMjAlMjBzc19mb3JtLmRvbWFpbiUyMCUzRCUyMCUyN2FwcC0zUU5UUkU3UDBNLm1hcmtldGluZ2F1dG9tYXRpb24uc2VydmljZXMlMjclM0IlMEElMjAlMjAlMjAlMjBzc19mb3JtLmhpZGRlbiUyMCUzRCUyMCU3QiUyN191c2VQbGFjZWhvbGRlcnMlMjclM0ElMjB0cnVlJTdEJTNCJTBBJTIwJTIwJTIwJTIwJTJGJTJGJTIwc3NfZm9ybS50YXJnZXRfaWQlMjAlM0QlMjAlMjd0YXJnZXQlMjclM0IlMjAlMkYlMkYlMjBPcHRpb25hbCUyMHBhcmFtZXRlciUzQSUyMGZvcm1zJTIwd2lsbCUyMGJlJTIwcGxhY2VkJTIwaW5zaWRlJTIwdGhlJTIwZWxlbWVudCUyMHdpdGglMjB0aGUlMjBzcGVjaWZpZWQlMjBpZCUwQSUyMCUyMCUyMCUyMCUyRiUyRiUyMHNzX2Zvcm0ucG9sbGluZyUyMCUzRCUyMHRydWUlM0IlMjAlMkYlMkYlMjBPcHRpb25hbCUyMHBhcmFtZXRlciUzQSUyMHNldCUyMHRvJTIwdHJ1ZSUyME9OTFklMjBpZiUyMHlvdXIlMjBwYWdlJTIwbG9hZHMlMjBkeW5hbWljYWxseSUyMGFuZCUyMHRoZSUyMGlkJTIwbmVlZHMlMjB0byUyMGJlJTIwcG9sbGVkJTIwY29udGludWFsbHkuJTBBJTNDJTJGc2NyaXB0JTNFJTBBJTNDc2NyaXB0JTIwdHlwZSUzRCUyMnRleHQlMkZqYXZhc2NyaXB0JTIyJTIwc3JjJTNEJTIyaHR0cHMlM0ElMkYlMkZrb2ktM1FOVFJFN1AwTS5tYXJrZXRpbmdhdXRvbWF0aW9uLnNlcnZpY2VzJTJGY2xpZW50JTJGZm9ybS5qcyUzRnZlciUzRDIuMC4xJTIyJTNFJTNDJTJGc2NyaXB0JTNF --- > Robin is the Head of Debt Recovery. Robin has worked the areas of debt recovery and insolvency law, for over seven years and managed teams of various sizes and abilities. - Published: 2022-07-13 - Modified: 2023-11-23 - URL: https://debt-claims.com/robin-appleyard/ Robin Appleyard Head of Debt Recovery Robin is the Head of Debt Recovery for Debt-Claims Solicitors. Robin has worked in civil litigation, specifically the areas of debt recovery and insolvency law, for over seven years and managed teams of various sizes and abilities. Along with his team, Robin has helped to develop the Debt-Claims Solicitors portal offering a cost-effective and quick way for clients to instruct across all types of debt recovery work. Robin can provide support and guidance in debt recovery and insolvency actions, both as claimant or respondent. After beginning his first role as a junior paralegal conducting civil litigation cases, Robin developed an aptitude and keen enjoyment of the debt recovery process. Robin is motivated by getting notably tough and resilient debtors to pay their creditors. Robin can help all clients, from individuals to businesses, to collect money owed to them from debtors. From single instructions to bulk referrals, Robin specialises in utilising all aspects of the legal process to get his clients paid. Robin particularly enjoys the sight of a happy client when he can tell them that their debt has been paid. --- > Thank you, your request is now with us!We will review it and a member of our team will get back to you as soon as possible. - Published: 2021-12-10 - Modified: 2022-01-26 - URL: https://debt-claims.com/thank-you/ Thank you, your request is now with us! We will review it and a member of our team will get back to you as soon as possible. Return to page --- > We may collect certain personal information from you in order to provide a service and act on your instructions. - Published: 2021-09-27 - Modified: 2025-03-07 - URL: https://debt-claims.com/terms-conditions/ 1. Your Instructions You will provide your instructions in relation to your claim on our website debt-claims. com, you are able to follow our step-by-step guidance on-line, so that you can easily carry out the legal procedures for the collection of your undisputed debt. The debt-claims website is designed so that you can easily navigate and take all the necessary steps to collect your debt from the debtor, for instance by sending your letter before action, all the way through to enforcement of your debt; Your instructions will depend on the services you select on the site debt-claims. com; We accept no liability whatsoever should you provide contradictory information in respect to the debtor or debt claimed. 2. Advice & Next Steps Via a secure login, you can exercise full control over your debt matters. You can provide instructions online and view your case information, including fees and documents. Our online debt portal enables you to run an effective, automated, credit control system. We have agreed to prepare correspondence on your behalf via our site debt-claims. com We specialise in undisputed debt collection of debts where the debt arises in England or Wales, or where the English and Welsh courts have jurisdiction and enforcement by instructing the County Court Bailiff or High Court Enforcement Officer. If a defence is filed or an application to set aside the Judgment, we will write to you and send you a copy – but at that stage our retainer with you comes to an... --- > Click here to learn more about small claims, the process that it involves and what you should look for. - Published: 2021-09-21 - Modified: 2023-11-23 - URL: https://debt-claims.com/dispute-resolution-small-claims/ If the debt related to your dispute is worth not more than £10,000 it will be assigned to the Small Claims Track (SCT). The SCT is a simpler, less formal proceeding than full-blown litigation. Despite this, for the most part, the Court has the same powers when it comes to granting remedies. Proceedings under the SCT are governed by Part 27 of the Civil Procedure Rules. The advantage of using our Debt-Claims Solicitors portal, backed up by a firm of Solicitors with over 30 years of experience, is that we have specialist Dispute Resolution Solicitors who have an in-depth knowledge of these rules and understand the tactics and strategies required to win a claim. We use best-in-class technology and have a robust success rate in winning SCT cases relating to unpaid debts. Can I represent myself if my case is allocated to the SCT? Due to balancing legal costs and the amount of money you are likely to receive if the debt-related dispute is resolved and the invoice paid, many people choose to represent themselves. The Civil Justice Council (CJC) provides a publication called A Guide to Bringing and Defending a Small Claim aimed at assisting litigants in person understand and action the process for bringing and defending a small claim. Even if you plan to represent yourself it is important to invest in some initial legal advice. As a regulated law firm, we have a duty to inform you of the risks of bringing a claim on the SCT,... --- > Click here to learn more about the cost breakdown for a dispute resolution and what you should do. - Published: 2021-09-21 - Modified: 2023-03-22 - URL: https://debt-claims.com/dispute-resolution-costs/ If you have tried, without success, to resolve your dispute via an Alternative Disputes Resolution (ADR) method you may have no choice but to issue Court proceedings. If the dispute related debt is straightforward and results in an Out of Court Settlement or swift conclusion, costs may be easier to contain. However, if the debt is complex or involves cross-border issues, litigation fees can quickly mount up. Our Solicitors will provide you with a firm estimate of the costs involved with going to Court to resolve your debt-related dispute. However, it is important to understand that litigation always carries a risk that you may be ordered by the Court to pay the other side’s costs if you lose your case. What are the main components of litigation costs? The costs of litigation vary depending on how complicated the debt matter is, whether there are any cross-border elements, and how much disclosure is involved. The basic costs you can expect will cover: Solicitor and Barrister fees Court fees Expert opinion and reports Other disbursements (expenses) If you choose to appeal you will be subject to further costs. How are costs managed during the litigation process? On 1 April 2013, the so-called Jackson Reforms brought in sweeping changes across the civil litigation landscape. The reforms introduced strict cost management procedures. All parties to litigation (except litigants in person) must file and exchange budgets that estimate the costs associated with each stage of the Court proceedings. The Court can make a Costs Management... --- > ADR is a process used to resolve disputes between two or more parties without going to court. Click here to learn about the different methods. - Published: 2021-09-21 - Modified: 2023-03-22 - URL: https://debt-claims.com/dispute-resolution-adr/ If a debtor is disputing all or part of the debt the disagreement needs to be resolved so you can get paid. As an alternative to formal litigation you can attempt to resolve any disputes through Alternative Dispute Resolution (ADR) methods such as negotiation, mediation, adjudication (in the case of construction debt-related disputes) or arbitration. We are highly experienced in dispute resolution and have an expert team that can manage the process. We use best-in-class technology to run our cases and have a robust success rate in resolving disputes through ADR methods. What are the different types of ADR? Methods of ADR include: Negotiation – both parties are brought together, sometimes at a ‘round table’ to establish trust. Legal representatives can be present, supporting parties in coming to an agreement that benefits everyone. Mediation – parties work with a Mediator to come to a win-win solution regarding the debt-related dispute. Adjudication – primarily used to swiftly resolve construction disputes, an Adjudicator makes an interim binding decision which can be enforced by agreement or by the Court. Arbitration – An Arbitrator hears evidence and witness statements and makes a legally binding decision. What are the advantages of ADR? There are several advantages to choosing an ADR method to resolve a debt-related dispute, including: All ADR methods are confidential and conducted in private. ADR is normally a swift process. ADR (except for adjudication) is voluntary. If the ADR method you use does not work you can issue Court proceedings. How do I... --- > Do you have concerns on how long is too long to claim payment on an outstanding invoice? Get in touch with us so we can help you. - Published: 2021-09-21 - Modified: 2023-03-22 - URL: https://debt-claims.com/what-if-there-has-been-a-substantial-delay/ One question we are regularly asked is “how long is too long to claim payment on an outstanding invoice? ” You may have recently noticed an old, unpaid invoice that has been missed by your accounting system or let a large fee go unpaid during good times and now need the money to shore up your cash flow. Regardless of the reason, whether or not you can still chase a Debtor for an outstanding invoice in England and Wales is set out in the Limitation Act (LA) 1980. In a nutshell, under the LA 1980, you have six years to claim an unpaid debt if the Debtor does not acknowledge the debt (for example by making part payments). If you fail to issue proceedings within 6 years of the due date, the debtor can claim the debt is statute barred. When does time begin to run? The cause of action (when the limitation period starts running) for simple contract debts is usually when the original terms and conditions of the agreement state that you, as the Creditor, can take court action or alternatively, when two or three payments have been missed. Before you begin court action against an individual or a sole trader you must comply with the Pre-Action Protocol for Debt Claims. In an action for payment for works or services, the cause of action arises on completion of the work. Why is time extended for acknowledgement or part payment? Section 29(5) of the LA 1980 provides that, where... --- > Is your debt being disputed? Click here to learn more on why this could be happening and why you should choose us to support your case. - Published: 2021-09-21 - Modified: 2023-03-22 - URL: https://debt-claims.com/what-if-my-debt-is-disputed/ One of the most common reasons for invoices not being paid is that the Debtor disputes the invoice amount or that the invoice is owed at all. We will know what steps to take only after the Debtor responds to the Letter Before Action and you can be confident we will move quickly to build a robust claim. You can find comprehensive information regarding dispute resolution here. In certain circumstances and subject to the value of the debt we may be able to offer a cost-effective package that includes fixed fee work. For further information on our prices, please view our pricing page. Why choose us? We use best-in-class technology to provide clients with a streamlined, modern, and highly effective debt recovery service. Our debt-related dispute resolution team are Solicitors regulated by the Solicitors Regulation Authority and have a proven track record of achieving successful results either through Alternative Dispute Resolution methods or formal Court proceedings. You can trust us to guide you through the debt recovery process. Is a Debtor disputing your claim? Please register here and we will be in touch as quickly as possible. --- > Have a complaint you need to make and not sure? Follow this procedure to get it filed promptly and correctly. - Published: 2021-04-08 - Modified: 2023-06-15 - URL: https://debt-claims.com/complaints-procedure/ Complaints Procedure All Client Complaints are to be forwarded in writing setting out the particulars of the complaint to the Complaints Manager, Teerath Gill who is a Partner in the firm. The Complaints Manager will record the details of the Complaint in the Firm’s Complaint Management Form. The Complaints Manager will then investigate the Complaint, by asking the relevant members of staff to reply to the Complaint or provide further details. If necessary, the Complaints Manager will meet with the relevant members of staff to discuss the situation. The Complaints Manager will acknowledge the Complaint within five working days from the date of receipt of the Complaint and will invite the Complainant to a meeting to discuss the Complaint and attempt to resolve it. In any case the Firm will send a response to the Complainant within eight weeks from the date of the Complaint. If the Complainant is not able or does not want to attend a meeting, the Complaints Manager will explain in writing, and if possible also by telephone, the outcome of their investigations and a suggestion for resolving the Complaint. If a meeting is held, the Complaints Manager will write to the Complainant within two working days of the meeting, confirming the discussions that took place and any solutions that have been agreed. A letter sent to the Complainant at this stage will contain details of what to do if the Complainant is still unhappy. The Complainant will be asked to identify a reason to the... --- > Want to learn about some of our recent and past cases? Click here to read all about them. - Published: 2021-02-25 - Modified: 2023-03-22 - URL: https://debt-claims.com/recent-cases/ Failure to engage with mediation. High Court ordered a payment on account when the order created a qualifying debt. Considered an appeal against a bankruptcy order when the petitioning creditor refused an offer of security. Partnership dispute and an unfair prejudice petition. --- > Learn more about debt reovery, how long it takes and how our debt claims solicitors are always on hand to provide advice and support. - Published: 2021-01-29 - Modified: 2023-03-22 - URL: https://debt-claims.com/how-long-will-it-take-to-recover-a-debt-and-what-is-the-cost/ The timescales and procedures for recovering a debt or a money claim are governed by the Civil Procedure Rules. Much depends on what steps the Debtor takes upon receipt of either a Letter Before Action or a County Court Claim Form. For example, they may accept that the debt is owed and make a payment or dispute the debt and file a defence. In smaller value claims (£10,000 or less) where the claim is allocated to the Small Claims Track, it can take on average three to four months before the matter comes before a Court. In claims where the value of the debt is over £10,000 or there are cross-border elements or large-scale disputes, it may take a year or more for the claim to settle. With regards to costs, you can find out everything you need to know on our Costs guidance page and pricing guide. Our Debt Claims Solicitors are always on hand to provide advice and support and will advise of the best strategy to minimise your costs and maximise the sums recovered. The advantage of using our Debt Claims Portal which is backed up by a firm of Solicitors with over 30 years of experience is that we have specialist Dispute Resolution Lawyers who have an in-depth knowledge of the Civil Procedure Rules and understand the tactics and strategies required to win a claim. We use best-in-class technology and have a robust success rate in winning cases relating to unpaid debts. To find out how... --- > We understand the impact outstanding debt can have on a business. Where possible, we offer fixed fee services to help you manage the cost of debt recovery. - Published: 2020-11-17 - Modified: 2025-04-28 - URL: https://debt-claims.com/pricing/ At Debt-Claims Solicitors we pride ourselves on our flexibility and our adaptable nature when working with clients. Whether it is as a one-off payment and a case-by-case approach or a long term agreement, we will endeavour to create a payment package that meets the specific needs of every individual client. For a quick look through our pricing, you can download our compact pricing guide here. JTNDZGl2JTIwY2xhc3MlM0QlMjJ2Y19idG4zLWNvbnRhaW5lciUyMCUyMHByaW1hcnktY29sb3ItYnRuJTIwdmNfYnRuMy1jZW50ZXIlMjIlM0UlM0NhJTIwY2xhc3MlM0QlMjJ2Y19nZW5lcmFsJTIwdmNfYnRuMyUyMHZjX2J0bjMtc2l6ZS1tZCUyMHZjX2J0bjMtc2hhcGUtcm91bmRlZCUyMHZjX2J0bjMtc3R5bGUtbW9kZXJuJTIwdmNfYnRuMy1jb2xvci1ncmV5JTIyJTIwaHJlZiUzRCUyMiUyMyUyMiUyMHRpdGxlJTNEJTIyJTIyJTIwdGFyZ2V0JTNEJTIyX2JsYW5rJTIyJTNFVmlldyUyMCUyNmFtcCUzQiUyMGRvd25sb2FkJTNDJTJGYSUzRSUzQyUyRmRpdiUzRQ== For a more detailed breakdown of pricing, download our comprehensive pricing guide here JTNDZGl2JTIwY2xhc3MlM0QlMjJ2Y19idG4zLWNvbnRhaW5lciUyMCUyMHByaW1hcnktY29sb3ItYnRuJTIwdmNfYnRuMy1jZW50ZXIlMjIlM0UlM0NhJTIwY2xhc3MlM0QlMjJ2Y19nZW5lcmFsJTIwdmNfYnRuMyUyMHZjX2J0bjMtc2l6ZS1tZCUyMHZjX2J0bjMtc2hhcGUtcm91bmRlZCUyMHZjX2J0bjMtc3R5bGUtbW9kZXJuJTIwdmNfYnRuMy1jb2xvci1ncmV5JTIyJTIwaHJlZiUzRCUyMiU1QmxpbmtfcGRmX3ByaWNpbmdsaXN0X2xvbmclNUQlMjIlMjB0aXRsZSUzRCUyMiUyMiUyMHRhcmdldCUzRCUyMl9ibGFuayUyMiUzRVZpZXclMjAlMjZhbXAlM0IlMjBkb3dubG9hZCUzQyUyRmElM0UlM0MlMkZkaXYlM0U= Prices starting from £12. 50 Prices starting from £85. 00 Prices starting from £2. 50 We can provide Fixed Fee pre action advice, please contact us for a quote. Dispute resolution may be the first point of enquiry for any claim. We have experienced mediators and adjudicators who can support you or deal with your claim. We can provide Fixed Fee pre action advice, please contact us for a quote. --- > Need to learn more about the late payment law and what it might mean for you? Click here find out more. - Published: 2020-11-17 - Modified: 2023-11-22 - URL: https://debt-claims.com/information/late-payment-law/ The latest amendments to the UK late payment law - The Late Payment of Commercial Debts (Amendment) Regulation 2018 – promotes prompt, timely payment of commercial debts by allowing the Creditor to claim interest, a fixed sum of compensation, and in some cases the reasonable cost of collecting debt. The regulation works by imposing a rate of 8% above base rate each year on overdue payments that relate to goods and services. Usually you can start charging interest from the end of the agreed credit period. If you didn’t agree a credit period, interest will be payable 30 days from whichever of the following comes last: The date of supply The date the buyer was told the amount was due The end of any procedure for checking that goods/services fulfil the contract (this procedure cannot take more than 30 days to complete) If the Debtor is a public authority, you can start charging interest after 30 days, no matter if a longer payment was agreed and there is no way to extend the 30-day period. If you supply another business, you can begin charging interest after 60 days even if you have agreed a longer payment date. In this instance, you can agree a longer period before charging interest in order to uphold supplier relationships. Is there a clause in your contract relating to interest? If so, you must adhere to those terms and conditions. If that isn’t the case, you can act under the Late Payment of Commercial Debts... --- > Debt-Claims provides a cost-effective, fast way to collect unpaid debts. With over 30 years of experience in debt recovery and dispute resolution. - Published: 2020-11-13 - Modified: 2023-11-23 - URL: https://debt-claims.com/information/about-us/ Debt-Claims Solicitors is a specialised debt recovery firm with a unique online portal. Leveraging over 30 years of expertise in debt recovery and dispute resolution, our portal has been developed by a dedicated team of specialists. It offers an efficient, cost-effective way to manage and reclaim unpaid debts. We take a client-centric approach, whereby we take the time and effort to explore each client’s business to fully understand how their debt recovery or insolvency processes are managed and delivered. While the portal offers swift and effective solutions, users can also rely on the comprehensive support of a full-service UK law firm when needed. Our team, headed by principal Solicitors, admitted to the roll in 2004 and 2009, is further bolstered by experienced paralegals, specialising in civil litigation and debt recovery. They contribute over a decade of collective experience, ensuring every case is managed with the utmost professionalism. Our knowledge and experience mean you can trust our advice and methods and let us take the stress of debt recovery off your shoulders Steve O’Neill, IDPJust gone through the process which took about 15 minutes. Simple, straight forward but very professional. More testimonials --- > Looking for information related to recovering a debt from a debtor or how we can help you through the process? Click here to learn more. - Published: 2020-11-13 - Modified: 2023-11-23 - URL: https://debt-claims.com/information/ Get started today Find out more The Limitations Act 1980 outlines the time limit within which a creditor can chase a debtor for outstanding debts. The timescales and procedure for recovering a debt or a money claim are governed by the Civil Procedure RulesIf legal proceedings are issued (claim form), the Defendant or Debtor has a set number of responses he can opt for within a specific timescale. --- > Here at Debt-Claims we listen to each client and assess the strengths and weaknesses of all claims and guide you through the process. - Published: 2020-11-13 - Modified: 2023-11-23 - URL: https://debt-claims.com/dispute-resolution/ Business debt recovery is not a ‘one-size-fits-all’ solution. Here at Debt-Claims Solicitors we listen to each client and assess the strengths and weaknesses of all claims. Sometimes we may recommend that using Alternative Dispute Resolution methods such as mediation as an alternative to legal action will get you the best outcome. Debt-Claims Solicitors' bespoke Debt Recovery portal not only offers you a service to pursue unpaid debts but can also advise on alternative solutions to the problem. Litigation may not be suitable for your debt collection requirement and we are here to ensure you take the right path. Dispute resolution is a service which offers more flexibility and less formality. A claim may have stalled simply because negotiations have broken down or there has been a clash of personalities. More commonly, clients may request a greater involvement in the process and we are happy to support them all the way. Click here to see our latest price list. JTNDZGl2JTIwY2xhc3MlM0QlMjJ2Y19idG4zLWNvbnRhaW5lciUyMCUyMHByaW1hcnktY29sb3ItYnRuJTIwdmNfYnRuMy1jZW50ZXIlMjIlM0UlM0NhJTIwdGFyZ2V0JTNEJTIyX2JsYW5rJTIyJTIwY2xhc3MlM0QlMjIlMjIlMjBocmVmJTNEJTIyJTVCbGlua19wZGZfcHJpY2luZ2xpc3QlNUQlMjIlMjB0aXRsZSUzRCUyMiUyMiUzRVZpZXclMjAlMjZhbXAlM0IlMjBkb3dubG9hZCUzQyUyRmElM0UlM0MlMkZkaXYlM0U= Contact Usto arrange a consultation with one of our legally qualified team. --- > Click to learn more about Insolvency and how our trained solicitors can support and guide you through the process against your debtor, stress-free. - Published: 2020-11-10 - Modified: 2023-11-23 - URL: https://debt-claims.com/debt-recovery/insolvency/ If your Debtor does not have enough assets to cover their debts or fails to make a payment when required and the debt is not disputed, then they are deemed insolvent. Once this happens, several courses of action are available, including Winding Up Proceedings or Bankruptcy. An insolvent company will go into Administration, Receivership or Liquidation if Winding Up Proceedings are successful, whilst an individual will become Bankrupt. In this instance, the process starts with the issuing of a Statutory Demand. Although these steps are deemed to be quite aggressive at this stage, the consequences or outcomes are so serious for the Debtor that payment is often made promptly. Insolvency proceedings can commence against a company if the debt is more than £10,000 and it is undisputed. Your draft Winding Up Petition will be written by us and accompanied by a letter to the Debtor requesting payment within a certain time period – usually seven days. This letter will also include a clear warning that if payment is not forthcoming, the petition will be presented to Court. This almost always has the desired effect, and very rarely will go to court. A Winding Up Petition can be started if payment of the draft petition is not forthcoming. The Court will seal the petition and give a date for a Court hearing before serving it upon the company. It will be advertised in the London Gazette seven days after service and this will freeze the Debtor’s bank account. This is often... --- > If you don't get a response to your LBA, our debt-claims team will advise you of the most appropriate course of action enforcement. - Published: 2020-11-10 - Modified: 2023-11-23 - URL: https://debt-claims.com/debt-recovery/enforcement/ If there has been no response to the Letter Before Action (LBA) and a County Court Judgment (CCJ) has been issued, you are then eligible to commence enforcement in order to reclaim the money owed to you. At this stage in the process, the Debt-Claims Solicitors team will advise you of the most appropriate course of enforcement action for your claim. There are many different methods of enforcement depending on the individual circumstances of the case. We are in the best position to support you through this stage of the process. Enforcement action commencing from as low as £152. 00 It is important that you act quickly at this stage because one cannot predict what steps a Debtor may take during the period from the judgment to enforcement. Do you have an existing CCJ or judgment to enforce? Contact Debt-Claims today for help. Contact us If the debt you are reclaiming is of high value, a High Court Enforcement Officer (HCEO) might be the best enforcement option for you. They are authorised by the Ministry of Justice to enforce higher value judgements known as High Court Writs. This option is typically used if the debt is more than £600 and can include the execution of goods from the Debtor. If the money owed to you is below £5,000, a County Court Bailiff can enforce the court order for you via a Country Court Judgment (CCJ). The County Court Bailiff is issued a warrant of control which authorises them to act... --- > Debtor has not responded to your LBA? Our solicitors can guide you through the legal proceedings and what comes next. Learn more. - Published: 2020-11-10 - Modified: 2023-11-23 - URL: https://debt-claims.com/debt-recovery/legal-proceedings/ If the Debtor has not responded to your Letter Before Action (LBA) and you have fully complied with all relevant Pre-Action Protocols (PAP) (if applicable) you are now entitled to issue legal proceedings. Although a LBA can often have the desired effect of prompting the Debtor to pay, there are occasions where the Debtor will simply remain silent even when a LBA is sent. At this stage we believe it is important to act quickly, so when you proceed to the next stage we continue to act without delay, once we have your implicit instructions via the Debt-Claims Solicitors portal. It's time to take the next step if you have not received a response from the Debtor The Debt-Claims Solicitors team will always explore every possible avenue to ensure that legal proceedings are the last resort. If the LBA is not successful we do not simply rush our Clients into legal proceedings. Our mission objective is to ensure that your debt is recovered as quickly and cost effectively as possible. It is important that you comply with the PAP to prevent the following: Further delay in collection of debt if any legal proceedings are stayed to remedy failures to comply with the Pre-Action Protocol Additional costs sanctions in terms of payment of the Debtor’s legal costs or a failure to recover costs and Inability to recover interest from a Debtor or recovery at a reduced rate At Debt-Claims Solicitors we are careful not to automate the entire procedure. Proceedings irrespective... --- > Want to resolve your debt claim before it comes to legal action? Learn how our solicitors can support you to complete the objectives of the Pre-Action Protocol. - Published: 2020-11-09 - Modified: 2023-11-23 - URL: https://debt-claims.com/debt-recovery/pre-action/ Since 2017 it has been mandatory to share more information between the parties involved in a debt claim process, to increase the chances of an Out-of-Court resolution. This is called the Pre-Action Protocol for Debt Claims. The Protocol works on the principle that both the Creditor and Debtor sharing more information will enable each party to better understand the situation, allowing an agreement to be reached without further action or involvement from the Courts. It is important for you to understand the Pre-Action Protocol and what it means for you during the debt recovery process. It explains clearly how you are expected to behave during the process and the steps required before Court action can begin. Remember, Debt-Claims Solicitors will be by your side every step of the way to ensure you remain within all legal guidelines. The Pre-Action Protocol does not apply where the debt is subject to another Pre-Action Protocol such as Construction and Engineering or Mortgage Arrears or claims for the Recovery of Taxes and Duties issued by Her Majesty's Revenue and Customs. Early engagement and communication between the parties, including the early exchange of sufficient information about the matter at hand, so that any issues requiring dispute can be identified as quickly as possible. To enable parties to resolve the matter without court proceedings, including agreeing a reasonable repayment plan or considering using an Alternative Dispute Resolution (ADR) procedure. To encourage the parties to act in a reasonable and proportionate manner in all dealings with one... --- > We understand the impact outstanding debt can have on a business, which is why, where possible, we offer fixed fee services to help you manage the cost of debt recovery. - Published: 2020-11-09 - Modified: 2023-03-22 - URL: https://debt-claims.com/pricing-2/ I am text block. Click edit button to change this text. Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo. --- > Need to write a Letter of Claim (LBA) to your debtor? Learn the three reasons our solicitors LBA's are so effective. - Published: 2020-11-09 - Modified: 2023-11-23 - URL: https://debt-claims.com/debt-recovery/letter-before-action/ In simple terms, a Letter Before Action (LBA) (also known as a Letter of Claim), is a formal letter requesting payment of a debt owed to your business. It warns your Debtor that failure to pay will result in the imminent issue of Court proceedings and further enforcement action. It clearly sets out the amount to be paid and a timeframe for clearing the debt, which is usually seven days. It is reassuring to know that an LBA can be sent for as little as £12. 50 using Debt-Claims’ online Debt-Claims Solicitors portal, and most debts are cleared at this stage of the process with no further action. An alternative course of action at this stage could be a Late Payment Demand, in which the debt owed is requested. The Debt-Claims Solicitors team will advise you on the best course of action. Many companies who have been ignoring persistent requests for payment will begin to take notice when they receive official correspondence from a team of debt specialist solicitors. Engaging with a debt collection service like Debt-Claims Solicitors shows that you are serious about reclaiming the money owed to your business. Outlining the legal consequences of ignoring a debt is often enough to recover the money owed. If proceedings are issued the Debtors will have no alternative but to deal with the claim or instruct legal representation of their own, at a considerable cost to their business. It is not surprising that most companies want to avoid this process and... --- > Debt-Claims is an easy-to-use debt recovery portal, with dedicated solicitors to provide a comprehensive end-to-end solution to debt recovery. - Published: 2020-11-04 - Modified: 2023-11-23 - URL: https://debt-claims.com/debt-recovery/ Debt recovery is the process of taking assertive action against a person or business who owes money. It is a wide-ranging phrase and includes telephone calls, emails and letters, site visits and court proceedings. The Money Claim Process When collecting debts, it is paramount to have quick, effective and quality communications. These key elements will trump quantitative and repetitive efforts that only infuriate debtors and discourage them from engaging. With our instant turnaround on instructions, our process is direct, effective, and it gets results. The debt recovery process itself is straightforward and it can be broken down into the below steps, with each one offering further information. As an alternative to the money claim process described above, we also offer a comprehensive insolvency service to wind-up (or bankrupt) a debtor and ensure that their assets are distributed to creditors. Each step of this process is explained in more detail below. Whilst the cost of debt recovery varies significantly amongst different firms and agencies, we take a pragmatic approach and for uncontested matters, we just charge a low fixed-fee at each stage with absolutely no commission charged and no obligation to escalate matters. In most cases, the costs are recoverable in full under either legislation or contract. Using Debt-Claims therefore becomes cost neutral once the debtor has paid. Our initial letter before action costs just £12. 50 (plus VAT). If you need to progress to a money claim, then the cost of the money claim depends on the value of the... --- > This Privacy Policy sets out how we, Debt-Claims obtain, store and use your personal information when you use or interact with our website, debt-claims.com - Published: 2020-11-02 - Modified: 2024-01-08 - URL: https://debt-claims.com/privacy-policy/ 1. General This Privacy Policy sets out how we, Askews Legal LLP (trading as ‘Debt-Claims Solicitors’) obtain, store and use your personal information when you use or interact with our website, debt-claims. com. Please note that if you enlist our debt recovery services, both parties will enter into a separate agreement that will govern the processing of all information and data collected by us in connection with the service, including some data collected through our website. Such agreement is subject to, and shall be construed in accordance with, any conflicting provision in this Privacy Policy. It is important that you read this privacy policy together with any other privacy policy or fair processing policy we may provide on specific occasions when we are collecting or processing personal data about you so that you are fully aware of how and why we are using your data. This privacy policy supplements other notices and privacy policies and is not intended to override them. This Privacy Policy is effective from 01 June 2023. 2. The information that we collect and where we get it from We collect or obtain your information: When you provide it to us e. g. by contacting us or inserting your details on our website; From your use of our website via cookies (such as the type of browser you are using, the type of operating system you are using, and the domain name of your Internet service provider); We do not collect personally identifiable information about you unless... --- > Dedicated and experienced solicitors who will provide comprehensive, stress-free, business debt recovery services for your business. - Published: 2016-06-11 - Modified: 2024-10-22 - URL: https://debt-claims.com/ At Debt-Claims Solicitors, we blend cutting-edge technology and legal expertise to offer agile, effective solutions for debt recovery and insolvency practitioners. Tailored for your unique needs, our services help our users stay ahead in a dynamic industry. At the heart of our business is our online portal, crafted with insights from our experienced team. It provides instant access, real-time updates, and seamless operations, putting you in control of every case. Though our approach is modern, our advice is rooted in the rich experience of our UK-based solicitors, ensuring timely, time-tested counsel. With us, you get the perfect mix of digital innovation and legal expertise to navigate the complexities of debt recovery. Google Rating 5. 0Based on 8 reviews Debt-Claims Solicitors 5. 0×Wayne Graham16:59 20 Nov 24Advocate Commercial Debt Recovery have beeen using debtclaims. com since early 2022. We have had many successful outcomes which has considerably increased our own success rate with clients. The portal is easy to use and there is always a quick response to any queries. Overall it a much better service than we used to receive from traditional solicitors. Sandy Bauweraerts14:52 02 Sep 24Really pleased with how quickly our debt was recovered very easy to use and you are always kept up to date with any progress on the case, would highly recommend this service. Kane Rowland19:03 09 Jun 23Recently started using Debt Claim Solicitors to collect a number of commercial debts we are owed. Straight talking, very quick and effective. Would high recommend. Dean Mcleod08:47... --- --- ## Posts - Published: 2025-06-02 - Modified: 2025-06-02 - URL: https://debt-claims.com/articles/digital-tracing-how-technology-is-helping-locate-elusive-debtors/ - Categories: Articles One of the biggest challenges in debt recovery is locating debtors who have gone silent. Whether individuals have moved house, changed phone numbers, or simply stopped responding to correspondence, their disappearance can put a halt to recovery efforts. For debt collection agencies and small businesses alike, this can translate into lost revenue, wasted resources, and mounting frustration. Traditionally, tracing debtors required time-consuming manual investigations. But today, digital tracing tools are making it faster, cheaper, and more accurate to locate individuals and businesses who have defaulted on payments. In this article, we examine how these tools are being used in England and Wales, what businesses should know before adopting them, and how to stay on the right side of the law. What is Digital Tracing? Digital tracing refers to the use of online data, digital records, and algorithmic tools to locate individuals who owe money. It involves pulling together information from various databases, social media platforms, and public records to build a profile of the debtor’s likely whereabouts. Some tools also use machine learning to predict behaviour, identify patterns, and assess the probability of success in pursuing particular leads. What Sources of Information Used in Digital Tracing? The information used by digital tracing platforms often comes from a variety of legitimate sources: Credit reference agencies (e. g. Experian, Equifax) Electoral roll data County Court Judgments (CCJs) Company records from Companies House Open banking data (in some cases) Social media accounts Utility registrations Mobile phone metadata (where permitted) By combining this data,... --- - Published: 2025-06-02 - Modified: 2025-06-02 - URL: https://debt-claims.com/articles/chatbots-and-digital-assistants-the-new-face-of-debt-collection/ - Categories: Articles Falling behind on invoices is a common challenge for businesses of all sizes, but especially for SMEs who may not have the resources to chase overdue accounts in a timely or cost-effective way. As traditional methods of debt recovery come under pressure—from rising overheads to stricter compliance rules—new digital tools have begun to fill the gap. Among the most notable of these are chatbots and AI-powered digital assistants. In this article, we explore how these technologies are changing the face of debt collection in England and Wales, examining the practical benefits, potential pitfalls, and legal considerations for debt collection agencies and small businesses. What Are Chatbots and Digital Assistants? Chatbots are computer programs designed to simulate human conversation. Typically used in customer service, these tools can also be deployed to engage with debtors in a structured, consistent, and non-confrontational way. Digital assistants take this further by using natural language processing and machine learning to respond to complex queries and adapt to different scenarios. The key difference between traditional methods and AI-powered systems is scalability. A human collections agent can manage only a limited number of cases at once. A chatbot can engage with hundreds—or thousands—of debtors simultaneously, with personalised messaging triggered by predefined workflows. Use Cases in Debt Recovery Debt collection chatbots can be used in various stages of the recovery process: Initial contact and reminders: Automated messages can remind debtors of due dates, offer payment options, or provide a link to pay online. Dispute resolution: Chatbots can handle simple... --- - Published: 2025-06-02 - Modified: 2025-06-02 - URL: https://debt-claims.com/articles/voice-technology-in-debt-recovery-smart-calls-or-overreach/ - Categories: Articles Automated voice technology, once a novelty confined to call centres and customer service menus, is rapidly becoming a core part of the debt recovery process. As voice recognition, artificial intelligence (AI), and machine learning have evolved, debt collection agencies are exploring how voice tech can streamline operations, improve engagement, and even boost repayment rates. But with new tools come new questions. Are automated voice calls effective in encouraging repayment? How do borrowers respond to AI-driven communication? And where do the boundaries lie between efficient outreach and invasive tactics? This article explores how voice technology is being deployed in debt recovery across England and Wales, the practical benefits it offers, and the regulatory and ethical risks that firms must consider. What is Voice Technology in Debt Recovery? Voice technology includes systems that can understand, interpret, and respond to spoken commands or speech. In the context of debt recovery, these systems are often used to: Deliver automated reminders to debtors about outstanding balances Provide options to make payments over the phone Handle basic queries using interactive voice response (IVR) Detect emotional cues or stress in a caller’s voice Route more complex cases to a human agent based on responses More advanced setups incorporate natural language processing (NLP) to simulate real conversations and analyse tone, hesitations, or keywords. How Does Voice Technology Work in Debt Collection 1. Automated Payment RemindersPre-recorded or AI-generated calls can notify customers of overdue payments, due dates, or consequences of non-payment. These calls are typically scripted and triggered at... --- - Published: 2025-05-07 - Modified: 2025-05-07 - URL: https://debt-claims.com/articles/common-myths-about-high-court-enforcement-officers-debunked/ - Categories: Articles High Court Enforcement Officers are authorised by the Lord Chancellor and Ministry of Justice to enforce High Court judgments. They play a crucial role in ensuring that court orders are upheld, but their actions are frequently misunderstood. In this article, we aim to debunk ten common myths about HCEOs, providing clarity on their powers and responsibilities. Myth 1: HCEOs Can Enter Your Property Without Warning Contrary to popular belief, HCEOs cannot enter a property without prior notice. They are required to send a 'Notice of Enforcement' letter, giving the debtor at least seven clear days' notice before taking enforcement action. This notice must be delivered personally or by post, and it informs the debtor of the impending action and their rights. Myth 2: HCEOs Are Only Interested in Seizing Goods Many people assume that HCEOs are solely focused on seizing goods to recover debts. While they do have the authority to seize and sell goods, this is typically a last resort. HCEOs are trained to negotiate and may accept payment plans or other arrangements. Their primary goal is to recover the debt owed, not to cause hardship to the debtor. Myth 3: HCEOs Can Force Entry Without Legal Grounds Some believe that HCEOs can force entry into a property at will. In reality, they can only force entry into residential properties if they have previously gained peaceful entry and have a controlled goods agreement in place. For commercial properties, they may use force if they have a warrant and it... --- - Published: 2025-05-07 - Modified: 2025-05-07 - URL: https://debt-claims.com/articles/exploring-different-methods-of-debt-recovery-in-england-and-wales/ - Categories: Articles In the final quarter of 2023, County Court Judgments (CCJs) issued in England and Wales rose sharply, with over 237,000 judgments registered—an increase of 16% on the previous year. This trend is not isolated. Recent data from Registry Trust also indicates that the total value of debt judgments is increasing, reflecting the growing reliance on formal recovery methods. With both individuals and businesses under increasing financial strain, understanding the legal and practical options available for recovering debts has never been more important. This article examines the key methods of debt recovery in England and Wales, assessing their suitability, advantages, and drawbacks. County Court Judgments (CCJs) A County Court Judgment is a court order that confirms a debtor owes a specific amount to a creditor. It is often the starting point for formal debt recovery. The creditor files a claim through the county court, and if the debtor fails to respond or disputes unsuccessfully, the court will issue a judgment. Once in place, the judgment enables the creditor to apply for enforcement, such as instructing bailiffs or applying for a charging order. The advantage of a CCJ is that it gives the creditor a legally enforceable recognition of the debt. It also negatively affects the debtor’s credit record, which can pressure them into settling. However, CCJs can be slow to obtain and subject to challenge by the debtor. There are also court fees and, if solicitors are involved, legal costs that may not be fully recoverable. High Court Enforcement For debts... --- - Published: 2025-05-07 - Modified: 2025-05-07 - URL: https://debt-claims.com/articles/enforcing-overseas-judgments-in-debt-collection-what-uk-businesses-need-to-know-about-the-2019-hague-judgments-convention/ - Categories: Articles UK businesses that trade internationally often face the challenge of recovering debts when customers based overseas fail to pay. While exporting provides opportunities for growth, it also raises a crucial legal question: what happens when a foreign debtor defaults on a payment, and the UK business wants to enforce a judgment obtained abroad? The 2019 Hague Judgments Convention on the Recognition and Enforcement of Foreign Judgments in Civil or Commercial Matters offers a potential mechanism for simplifying and streamlining this process. However, its application comes with significant limitations, particularly around insolvency proceedings—a crucial consideration for any solicitor advising on debt collection. What is the 2019 Hague Judgments Convention? The Hague Judgments Convention 2019 is an international treaty that aims to facilitate the mutual recognition and enforcement of judgments in civil and commercial matters across participating states. It was adopted by the Hague Conference on Private International Law (HCCH) on 2 July 2019. The Convention provides a framework that allows a judgment obtained in one Contracting State to be recognised and enforced in another Contracting State without the need to re-litigate the underlying claim. For businesses involved in cross-border transactions, this offers potential savings in both time and costs. For example, if a UK-based company obtains a money judgment in a country that is a party to the Convention, the company could seek to enforce that judgment in the debtor's jurisdiction under the simplified process provided by the Convention—provided all other requirements are met. The UK's Current Position on the Convention... --- - Published: 2025-03-28 - Modified: 2025-03-28 - URL: https://debt-claims.com/articles/when-and-how-to-transfer-a-county-court-judgment-to-the-high-court-for-enforcement/ - Categories: Articles Debt recovery can be a complicated and time-consuming process, especially when it comes to enforcing County Court Judgments (CCJs). However, for creditors looking to recover owed money, transferring a CCJ to the High Court for enforcement can be a powerful tool. Recent changes in enforcement rules and the increasingly proactive stance taken by courts and enforcement agents have made the High Court route more accessible. The introduction of additional enforcement measures in response to rising inflation, increasing business closures, and widespread economic uncertainty has emphasised the importance of effective debt recovery mechanisms. When to Transfer a County Court Judgment to the High Court A County Court Judgment is an order from the court requiring the debtor to pay the sum owed, but it does not directly result in the recovery of the debt. To enforce the judgment, creditors must take additional steps, such as applying for enforcement through a County Court Bailiff or High Court Enforcement Officer (HCEO). The decision to transfer a CCJ to the High Court should not be taken lightly, as it can involve additional costs and considerations. However, there are several key scenarios where such a transfer might be beneficial: 1. The Judgment Debt Exceeds £600 One of the primary reasons to transfer a CCJ to the High Court is when the value of the debt exceeds £600. This figure includes the original judgment sum as well as any court fees or additional costs. Once the debt reaches this threshold, the creditor may request a transfer... --- - Published: 2025-03-28 - Modified: 2025-03-28 - URL: https://debt-claims.com/articles/the-benefits-of-using-hceo-enforcement-faster-debt-recovery-explained-2/ - Categories: Articles As economic pressures mount and businesses face rising inflation, more companies and individuals are finding themselves with unpaid debts. Recent reports highlight a concerning surge in business bankruptcies, with many creditors struggling to recover outstanding amounts. For creditors, especially in the context of a financially strained economy, the ability to recover money swiftly has become more critical than ever. In this environment, High Court Enforcement Officers (HCEOs) have become increasingly popular as a means of fast-tracking debt recovery. The advantage of using an HCEO for enforcement over other options is clear: speed, efficiency, and authority. While debt collection traditionally involves lengthy processes, including negotiation and slower recovery methods through County Court Bailiffs, HCEOs offer a much more direct route to recovering funds. The flexibility and range of enforcement tools available to HCEOs mean that they can often act more quickly and effectively than their counterparts, making them an essential resource for creditors looking to recover debts in the most time-efficient manner possible. With the rapid rise in the number of businesses facing financial difficulties and a sharp increase in personal insolvencies, it’s vital that creditors are equipped with the best tools available to ensure quick debt recovery. What Is an HCEO and How Do They Work? High Court Enforcement Officers (HCEOs) are licensed professionals authorised by the High Court to enforce judgments on behalf of creditors. They operate under the Writ of Control, which gives them the power to seize goods and assets from a debtor’s property to satisfy a... --- - Published: 2025-03-28 - Modified: 2025-03-28 - URL: https://debt-claims.com/articles/bailiffs-vs-high-court-enforcement-officers-whats-the-difference/ - Categories: Articles In recent years, the issue of debt collection enforcement has come under increasing scrutiny. The rise in business bankruptcies, personal insolvencies, and outstanding consumer debt has brought the practices of bailiffs and High Court Enforcement Officers (HCEOs) into the spotlight. A key development in debt recovery has been the growing use of High Court Enforcement Officers, as businesses and individuals alike seek more effective ways to recover unpaid debts. However, despite their similar roles in enforcement, bailiffs and HCEOs operate under different systems, with different powers and responsibilities. Recent news has highlighted the strain that the current economic climate has placed on both consumers and businesses. The latest insolvency statistics show a marked increase in the number of businesses collapsing, leaving creditors scrambling to recover money owed to them. While the pressure to recover debts has never been higher, knowing which enforcement agent to choose is crucial for ensuring the best chances of successful debt recovery. Bailiffs: The Basics Bailiffs, also known as enforcement agents, are people authorised to carry out enforcement on behalf of a creditor to recover a debt following a County Court Judgment (CCJ). They work under the jurisdiction of the County Court system and are governed by the Tribunals, Courts, and Enforcement Act 2007, which set out the framework for enforcement agents in England and Wales. Bailiffs primarily have two distinct roles: the recovery of money following a CCJ and the enforcement of orders for possession (such as evicting tenants). When a debtor fails to comply... --- - Published: 2025-03-03 - Modified: 2025-03-03 - URL: https://debt-claims.com/articles/how-debt-collection-has-changed-in-the-digital-age/ - Categories: Articles In the past, debt recovery relied heavily on traditional methods: letters, phone calls, and in some cases, face-to-face meetings. These approaches, while effective, were slow, often impersonal, and required significant time and resources. Today, the world of debt collection has undergone a significant transformation, driven by digital technology. The process is quicker, more efficient, and far-reaching than ever before. But with these advancements comes a new set of challenges and ethical considerations that businesses, debt recovery solicitors, and consumers must adapt to. The arrival of the digital age has revolutionised every aspect of the debt collection process, from the methods of communication to the tools used for tracking and managing debts. In this article, we explore how digital technologies have reshaped debt collection, highlighting both the opportunities and the potential pitfalls for businesses and individuals alike. The Rise of Automated Debt Collection Tools Gone are the days when every step of the debt collection process required manual intervention. Today, a wide range of automated tools and software has taken over repetitive tasks, making the process more streamlined. Companies can now use automated email reminders, text messages, and even AI-powered phone calls to notify debtors of their outstanding payments. These technologies allow debt recovery firms to reach a larger audience with minimal effort, sending personalised messages to thousands of debtors at once. The power of automation enables more frequent communication with debtors, often increasing the chances of debt repayment. With reminders sent automatically at set intervals, debtors are less likely to... --- - Published: 2025-03-03 - Modified: 2025-03-03 - URL: https://debt-claims.com/articles/potential-reforms-in-debt-collection-what-changes-could-be-coming/ - Categories: Articles Debt collection has always been a contentious issue in the UK. From the aggressive tactics sometimes employed by a minority to the emotional and financial toll on those struggling with debt, the process can be fraught with challenges. The need for reform in the debt collection industry has never been more pressing. In recent years, mounting public concern and calls for change have pushed the UK government and regulatory bodies to take a closer look at how the system works and whether it’s time for a major overhaul. While debt recovery plays a crucial role in keeping businesses afloat, the methods used to recover money from people who have fallen behind on payments often come under scrutiny. With growing awareness of the impact these practices have on vulnerable people, discussions are intensifying on how to create a more balanced and fair debt collection system. In this article, we’ll explore some of the potential reforms that could be coming to the UK’s debt collection sector and how they might shape the future of the industry. Debt-Claims Solicitors, is regulated by the Solicitors Regulation Authority and holds a Lexcel accreditation from the Law Society of England and Wales. We do not employ aggressive tactics when recovering debt and have special procedures in place for protecting vulnerable debtors. Pressure for Fairer Practices At the heart of the conversation surrounding potential reforms is the need for fairer practices. Current systems, for all their efficiency, have often been accused of being overly aggressive or even... --- - Published: 2025-03-03 - Modified: 2025-03-03 - URL: https://debt-claims.com/articles/the-social-stigma-of-debt-how-public-attitudes-have-evolved-over-time/ - Categories: Articles For much of history, owing money has been viewed as a shameful burden. The shame attached to debt is deeply ingrained in societal values, and for centuries, those in debt were often considered irresponsible, lazy, or even morally failing. The perception of debt has played a significant role in shaping how individuals interact with money, and how society deals with those who owe it. From the debtor's prison of the 18th and 19th century to the modern-day reality of bankruptcy, public attitudes towards debt have undergone a dramatic transformation. Yet, despite the changes in the law and the economy, the stigma remains a persistent issue. In the UK, like in many parts of the world, the social stigma associated with debt has shifted from one of outright moral condemnation to a more nuanced understanding. The changing dynamics of debt – its causes, its consequences, and its impact – reflect broader shifts in public attitudes and economic realities. This article explores how societal views on debt have evolved over time and the ongoing challenges for those burdened by financial difficulties in modern Britain. The Origins of the Debt Stigma The social stigma surrounding debt is not a new concept. In fact, it can be traced back to ancient times. In medieval England, for example, those who couldn’t pay their debts were often subjected to extreme measures, including imprisonment or forced labour. The laws of the time were rigid, with little room for mercy, and the moral judgement placed on debtors was... --- - Published: 2025-01-29 - Modified: 2025-01-29 - URL: https://debt-claims.com/articles/fair-payment-code-a-lifeline-for-small-businesses-facing-late-payments/ - Categories: Articles Late payments are a persistent issue that places immense financial pressure on businesses, especially small and medium-sized enterprises (SMEs) in the UK. Research shows that SMEs are owed an average of £22,000 each year, a figure that can push many to the brink of closure. Recognising the urgent need for change, the government has launched a new Fair Payment Code to tackle this problem head-on. Small businesses are the backbone of the UK economy, comprising 99. 8% of all businesses and employing over 60% of the workforce. Yet, the challenges they face—from the pandemic to soaring inflation and energy bills—have only magnified the risks posed by late or lengthy payments. Addressing these issues is not just about supporting small businesses; it’s about ensuring the health of the broader economy. The Fair Payment Code introduces a tiered gold, silver, and bronze system designed to incentivise good payment practices and help SMEs identify reliable business partners. Overseen by the Small Business Commissioner, Liz Barclay, the code is part of a broader government effort to foster economic stability, support entrepreneurs, and change the UK’s payment culture for the better. But what does this mean for businesses and debt recovery professionals? How can they adapt to this evolving framework, and what opportunities and challenges does it bring? This article explores the key features of the Fair Payment Code, its implications for businesses, and the broader support measures aimed at unlocking the full potential of UK entrepreneurs, including disabled founders. Let’s delve into what this... --- - Published: 2025-01-29 - Modified: 2025-01-29 - URL: https://debt-claims.com/articles/the-benefits-of-using-hceo-enforcement-faster-debt-recovery-explained/ - Categories: Articles Recovering outstanding debts can be one of the most challenging aspects of running a business or managing collections. Despite a business’s best efforts to maintain smooth operations and establish clear payment terms, late or unpaid invoices are a recurring issue. For businesses and debt collection agencies alike, finding effective ways to recover debts efficiently is critical to maintaining financial stability and avoiding prolonged cash flow problems. One highly effective method of debt enforcement in England and Wales is through High Court Enforcement Officers (HCEOs). HCEOs are authorised officers who specialise in enforcing High Court judgments and recovering debts on behalf of claimants. Their role and powers make them an attractive choice for creditors seeking a faster and more effective resolution to debt recovery disputes. In this article, we’ll explore the benefits of using HCEO enforcement, focusing on why businesses and debt collection agencies should consider this powerful tool as part of their recovery strategy. Who Are HCEOs, and What Do They Do? High Court Enforcement Officers are authorised professionals responsible for enforcing judgments made by the High Court. Their authority is derived from the High Court and County Courts Jurisdiction Order 1991, allowing them to act on judgments where the debt exceeds £600 and is not regulated under the Consumer Credit Act 1974. HCEOs’ primary function is to recover debts owed to creditors. They can seize and sell assets belonging to debtors or negotiate payment arrangements to settle outstanding sums. Unlike County Court bailiffs, HCEOs operate with greater powers and... --- - Published: 2025-01-29 - Modified: 2025-01-29 - URL: https://debt-claims.com/articles/top-tips-for-enforcing-a-county-court-judgment-ccj/ - Categories: Articles Late payments and unpaid invoices are a frustrating challenge for businesses of all sizes. While securing a County Court Judgment (CCJ) against a debtor is a crucial step in recovering what you are owed, the process doesn’t end there. A CCJ is essentially a court order confirming that a debtor owes money, but enforcement is required if the debtor doesn’t voluntarily pay. For business owners and debt collection agencies, understanding how to enforce a CCJ effectively is vital to minimising financial losses. This article provides practical tips on how to enforce a CCJ and recover outstanding debts successfully. Step 1: Understand the Basics of a CCJ Before diving into enforcement options, it’s important to understand what a CCJ represents. A CCJ is issued by the County Court when a creditor successfully proves that a debtor owes money. The judgment typically outlines the amount owed, any interest accrued, and the payment deadline. While some debtors may comply with the CCJ and pay the amount owed, others may fail to act. In such cases, creditors need to take enforcement action to recover the debt. Top Tips for Enforcing a CCJ 1. Assess the Debtor’s Financial Position Before choosing an enforcement method, it’s critical to assess the debtor’s financial circumstances. Does the debtor own property or other assets? Are they employed or running a business? Gathering this information will help you decide the most effective enforcement method. Tools such as credit checks and asset searches can provide valuable insights into the debtor’s financial... --- - Published: 2025-01-06 - Modified: 2025-01-06 - URL: https://debt-claims.com/articles/attachment-of-earnings-orders-what-they-are-and-how-they-work/ - Categories: Articles An Attachment of Earnings Order (AEO) is a legal tool used to recover unpaid debts by deducting money directly from a debtor’s wages. This method ensures that creditors receive regular payments towards the debt, providing a reliable alternative to other enforcement options like bailiff action or High Court enforcement. This article explains what an AEO is, how it works, and the key steps involved in obtaining and enforcing one. What is an Attachment of Earnings Order? An AEO is a court order instructing an employer to deduct a set amount from an employee’s wages and send it to the creditor, via the Centralised Attachment of Earnings Payments (CAPS) office. This process continues until the debt is paid off or the order is discharged. AEOs are typically used when other debt recovery methods have failed or if the debtor is unwilling to make voluntary payments. AEOs apply to employed individuals and are not available for those who are self-employed, unemployed, or receiving benefits. The Attachment of Earnings Act 1971 governs the process. When Can an AEO Be Used? Creditors can apply for an AEO in the following situations: County Court Judgments (CCJs): The debtor has a CCJ against them but has failed to make the required payments. Employment Status: The debtor is in regular employment and earns a sufficient wage to cover the deductions. Certain debts, such as council tax arrears, child maintenance, and unpaid fines, may result in a similar type of order initiated by public authorities. How Does an... --- - Published: 2025-01-06 - Modified: 2025-01-06 - URL: https://debt-claims.com/articles/what-does-a-high-court-enforcement-officer-do-a-step-by-step-guide-to-their-role/ - Categories: Articles High Court Enforcement Officers (HCEOs) play a vital role in the debt recovery process in England and Wales. These officers are responsible for enforcing judgments issued by the High Court and certain County Court judgments that have been transferred to the High Court for enforcement. Their authority allows them to take decisive action to recover debts, ensuring that creditors receive the money owed to them. This article provides a comprehensive guide to the role of HCEOs, detailing the step-by-step process they follow and the key responsibilities they undertake. What is a High Court Enforcement Officer? HCEOs are authorised professionals tasked with enforcing High Court judgments. They work under a strict regulatory framework set out by the High Court Enforcement Officers Association (HCEOA) and are appointed by the Lord Chancellor. Their duties include recovering unpaid debts, repossessing property, and enforcing eviction orders. HCEOs differ from County Court bailiffs in their powers and scope. While bailiffs enforce judgments in the County Court, HCEOs handle larger or more complex cases, often involving significant sums of money. When Can an HCEO Be Instructed? Creditors can instruct an HCEO in the following situations: High Court Judgments: If a judgment has been made in the High Court, it can be directly enforced by an HCEO. County Court Judgments (CCJs): Judgments exceeding £600 can be transferred to the High Court for enforcement. Writs of Possession and Control: HCEOs are authorised to enforce possession orders for property and recover goods or assets under a writ of control. Creditors... --- - Published: 2024-12-02 - Modified: 2024-12-02 - URL: https://debt-claims.com/articles/key-requirements-of-section-125a-of-the-building-safety-act-2022/ - Categories: Articles From 24 July 2024, section 125A of the Building Safety Act 2022 (BSA 2022) introduces specific notification obligations for insolvency practitioners (IPs) appointed in relation to responsible persons for higher-risk buildings or relevant buildings. This article explores the scope and implications of these obligations, which were added by section 119 of the Freehold and Leasehold Reform Act 2024. The new rules place additional duties on IPs to ensure that regulators and local authorities are promptly informed of their involvement in such cases, enabling enhanced oversight of building safety risks. Section 125A establishes a mandatory framework for IPs to notify the appropriate authorities when they are appointed in relation to a responsible person connected to certain buildings. Who is a Responsible Person? Under section 125A(2) and section 72 of the BSA 2022, a responsible person is defined as: A person with an interest in possession of the common parts of the building, unless another person is under a repairing obligation for them. A person under a repairing obligation in relation to the common parts of the building. Types of Buildings Covered The notification obligations apply in connection with two types of buildings: Higher-Risk BuildingsDefined in section 65(1) of the BSA 2022, these are buildings in England that are: At least 18 metres in height or have at least seven storeys. Contain at least two residential units. Relevant BuildingsDefined in section 117 of the BSA 2022, these are residential buildings in England that: Are at least five storeys or 11 metres in... --- - Published: 2024-12-02 - Modified: 2024-12-02 - URL: https://debt-claims.com/articles/legal-status-of-crypto-assets-in-insolvency/ - Categories: Articles Crypto assets, such as cryptocurrencies and non-fungible tokens (NFTs), are increasingly treated as property under English law. While traditional assets fit neatly into the categories of "things in possession" or "things in action," digital assets often fall outside these definitions due to their intangible nature. Recognition as Property English courts and legal bodies, including the UK Jurisdiction Taskforce and the Law Commission, have affirmed that crypto assets can be recognised as a form of personal property. This recognition is essential for their inclusion in a debtor’s estate during insolvency, enabling these assets to be identified, valued, and distributed to creditors. Challenges in Treating Crypto Assets as Insolvency Property Despite their recognition as property, crypto assets present distinct challenges for insolvency practitioners due to their unique characteristics. Ownership and Control Ownership of crypto assets is often evidenced by control of private keys, the cryptographic tools required to access and transfer the assets. Establishing ownership can be particularly difficult when: Private keys are lost or withheld by the debtor. Transactions occur pseudonymously on blockchain networks, obscuring the true owner. In such cases, insolvency practitioners may need to employ forensic blockchain analysis to trace transactions and determine ownership. Access and Liquidation The ability to liquidate crypto assets depends on access to private keys. Without these, the assets cannot be transferred or realised for the benefit of creditors. Courts may issue orders compelling the debtor to disclose private keys, but enforcement can be challenging, particularly if the debtor claims they no longer have access... --- - Published: 2024-12-02 - Modified: 2024-12-02 - URL: https://debt-claims.com/articles/the-general-power-to-control-a-bankrupt-under-section-363-of-the-insolvency-act-1986/ - Categories: Articles Section 363 of the Insolvency Act 1986 grants the court a broad power to control the conduct of a bankrupt. This provision is pivotal in ensuring that the bankruptcy estate is properly administered, creditors' interests are protected, and the bankrupt is prevented from frustrating the bankruptcy process. One recent example of the court exercising this power is the decision in Umbrella Care Ltd (In Liquidation) v Raja EWHC 1973 (Ch). In this case, the High Court continued an order restraining a bankrupt from leaving the jurisdiction and authorised the retention of his passport. This article examines the implications of this decision, the application of section 363, and its role in supporting the bankruptcy process. Overview of Section 363 of the Insolvency Act 1986 Section 363 empowers the court to make orders to secure compliance with the obligations imposed on a bankrupt. It allows the court to direct a bankrupt to cooperate with trustees in bankruptcy and to take actions necessary for the realisation of assets, the resolution of claims, and the distribution of proceeds to creditors. This general power is not limited to specific measures, providing the court with flexibility to tailor orders to the circumstances of each case. While this power has been used in various ways, the decision in Umbrella Care Ltd v Raja demonstrates its utility in restraining a bankrupt’s movements when there is a risk that they may hinder the administration of the bankruptcy estate. Key Facts and Procedural History of the Case The bankrupt in... --- - Published: 2024-10-28 - Modified: 2024-10-29 - URL: https://debt-claims.com/articles/what-to-do-if-youre-being-wrongfully-pursued-for-a-debt/ - Categories: Articles A shocking case recently highlighted how easily things can go wrong when debt collectors target the wrong person. Camelia Gonciulea, the owner of Twisty Pretzel bakery, was mistakenly chased for a staggering £24,000 in unpaid bills. Despite the error, she was told to pay £18,000 for an energy bill, with an additional £6,000 in interest. The situation unfolded after she discovered that, just months into opening her business in Bearwood, her electricity had been unlawfully abstracted by criminals operating a cannabis farm next door. While the police shut down the illegal operation, Ms Gonciulea was left to fight an unjust demand that threatened to derail her dream. Energy company, Unicorn has now instructed debt collectors to cease all recovery actions. If you ever find yourself in a similar position, being pursued for a debt that is not yours, it’s essential to understand your rights and take immediate steps to resolve the issue. This article will guide you through the process of handling such a situation, ensuring you can protect yourself and avoid unnecessary stress. When you receive a letter or a phone call from a debt collection agency demanding payment for a debt, it can be incredibly stressful—especially if the debt they’re chasing isn’t even yours. Whether it’s a case of mistaken identity, a mix-up in paperwork, or something more worrying like identity theft, being pursued for money you don’t owe is deeply unsettling. It can leave you wondering where to start and what steps to take to ensure the... --- - Published: 2024-10-28 - Modified: 2024-10-29 - URL: https://debt-claims.com/articles/five-common-debt-collection-mistakes/ - Categories: Articles When a business faces unpaid debts, it can have a significant impact on cash flow and overall operations. Recovering debts efficiently is crucial for maintaining financial health, but many businesses make common mistakes that can hinder their debt recovery efforts. While chasing debts may seem straightforward, failing to avoid certain pitfalls can lead to prolonged disputes, increased costs, or even legal trouble. Below, we explore the five most common mistakes businesses make when trying to recover debts and how to avoid them. 1. Failing to Have a Written Agreement in Place One of the most fundamental mistakes businesses make is failing to have a clear, written agreement outlining the terms of payment. A written contract not only provides legal protection but also helps to avoid any misunderstandings between the parties. Many businesses rely on verbal agreements or informal communication when it comes to payment terms, which can lead to confusion and difficulty when attempting to recover unpaid debts. A written agreement should include: The amount owed The payment terms, including deadlines and methods of payment Any interest or penalties for late payments The consequences of failing to pay Without these details clearly outlined in a contract, you may struggle to enforce the debt, especially if the other party disputes the amount owed or the terms of payment. Solution: Ensure that every transaction, especially larger ones, is supported by a clear, written agreement. Make sure both parties sign the contract and retain a copy for your records. This documentation will be... --- - Published: 2024-10-28 - Modified: 2024-10-29 - URL: https://debt-claims.com/articles/understanding-the-zone-of-insolvency-and-its-implications-for-directors/ - Categories: Articles The concept of the "zone of insolvency" refers to a critical period in a company’s financial distress where insolvency is looming, but not yet inevitable. During this phase, the directors’ duties shift, placing a greater focus on the interests of the company’s creditors, rather than its shareholders. This shift is essential because, as financial difficulties escalate, the potential loss to creditors becomes a more pressing concern. A recent landmark ruling in the case of Re BHS Ltd (in liquidation) EWHC 1417 has brought the zone of insolvency into sharp focus. In this case, two former directors of the collapsed department store chain British Home Stores (BHS) were held personally liable to pay at least £18 million to the joint liquidators. The High Court’s decision has set new legal precedents on how the conduct of directors will be scrutinised during a company's decline into insolvency, making it clear that the zone of insolvency is a critical time where directors must act with heightened diligence and care. What is the Zone of Insolvency? The zone of insolvency is a grey area where a company is not yet formally insolvent but is on the brink of financial collapse. It is during this period that directors must begin to shift their focus from maximising profits for shareholders to protecting the interests of creditors. Insolvency becomes a real possibility when it is evident that the company is unable to meet its debts as they fall due or when its liabilities outweigh its assets. The case... --- - Published: 2024-09-23 - Modified: 2024-09-23 - URL: https://debt-claims.com/articles/whats-the-difference-between-receivership-and-administration/ - Categories: Articles In the world of insolvency law, two terms often come up when businesses face financial difficulty: receivership and administration. These processes, while both designed to deal with insolvency, differ significantly in their purpose, structure, and outcomes. For creditors, debtors, and insolvency practitioners alike, understanding the distinctions between receivership and administration is critical for determining the best approach to managing and resolving financial distress. This article aims to clarify the key differences between the two, explaining how each process works and the consequences they have for businesses and creditors. Receivership and administration are both tools used to address a company’s insolvency, but they are used in different contexts and have different goals. Receivership, often initiated by secured creditors, focuses on recovering specific debts. Administration, on the other hand, is a process aimed at rescuing the company as a whole, or if that’s not possible, achieving a better outcome for creditors than if the company were to be liquidated immediately. To fully understand these distinctions, it’s essential to examine the roles, powers, and implications of receivership and administration in more detail. What is Receivership? Receivership is a process where a creditor, typically a secured creditor, appoints a receiver to recover debts owed to them by a company. This appointment is usually based on the terms of a debenture or other security agreement, giving the creditor the right to seize and sell specific assets. The receiver’s main role is to take control of the assets subject to the security and use them to... --- - Published: 2024-09-23 - Modified: 2024-09-23 - URL: https://debt-claims.com/articles/all-about-ivas/ - Categories: Articles As the cost of living continues to rise, many people across the UK find themselves unable to meet their financial obligations. Increasing energy bills, rent, and food prices have pushed households into debt, with some struggling to pay even their most basic bills. In these situations, individuals may feel overwhelmed by the mounting pressure from creditors, unsure of how to regain control of their finances. One solution available to individuals facing this challenge is an Individual Voluntary Arrangement (IVA), a formal agreement that offers an alternative to bankruptcy, allowing debtors to repay their debts in a manageable way. An IVA provides debt relief by enabling individuals to agree on a repayment plan with their creditors. Managed by an insolvency practitioner, the IVA ensures that a portion of the debt is repaid over a fixed period, usually five to six years, after which any remaining unsecured debt is written off. This article explores how an IVA works, who qualifies, and the advantages and disadvantages of using an IVA as a debt solution. What is an IVA? An Individual Voluntary Arrangement is a formal insolvency procedure that allows individuals to repay their creditors over an agreed-upon time frame, typically based on their ability to pay. The primary purpose of an IVA is to offer a structured repayment solution for individuals who are facing significant financial distress but want to avoid the more severe consequences of bankruptcy. An IVA is overseen by an insolvency practitioner (IP), who acts as an intermediary between the... --- - Published: 2024-09-23 - Modified: 2024-09-23 - URL: https://debt-claims.com/articles/collecting-unpaid-debt-from-vulnerable-people-safeguarding-and-precautions/ - Categories: Articles Aggressive debt collection practices can have severe consequences for vulnerable people, as demonstrated in the case raised by Martin Lewis' charity. Local councils, often responsible for collecting unpaid council tax, have been criticised for hiring third-party debt collectors who engage in practices that exacerbate financial and emotional stress. Vulnerable individuals, who may already be experiencing financial instability due to illness, unemployment, or other hardships, can be pushed further into distress when subjected to harsh collection tactics. This approach is counterproductive, as it not only harms the debtor but also increases the likelihood that the debt remains unpaid due to the individual's inability to manage their circumstances effectively. A key issue highlighted in this context is the failure of some councils to properly identify and assist vulnerable individuals before escalating cases to aggressive enforcement measures. This lack of oversight can lead to severe anxiety, worsened health conditions, and in extreme cases, homelessness. It’s clear that safeguarding vulnerable debtors is not just a moral responsibility but a practical necessity for successful debt recovery. This article will explore the necessary precautions and safeguarding measures that debt collection solicitors must take when dealing with vulnerable individuals, ensuring compliance with both legal obligations and ethical standards. Identifying Vulnerable Debtors The first and most critical step in dealing with vulnerable individuals in debt collection is identification. Debt collectors, whether working for councils, private companies, or solicitors, need to be trained to recognise the signs of vulnerability. Vulnerability can arise from various factors, including mental health issues,... --- - Published: 2024-09-03 - Modified: 2024-09-03 - URL: https://debt-claims.com/articles/all-about-the-financial-ombudsman-service/ - Categories: Articles Debt collection can be contentious, particularly when consumers feel unfairly treated. In England, the Financial Ombudsman Service (FOS) plays a crucial role in resolving disputes between consumers and financial services, including those related to debt collection. Understanding the powers of the FOS in handling debt collection complaints is essential for both debt collection agencies and their clients. The Importance of Fairness in Debt Collection Fairness and transparency are paramount to ensuring consumers are not subject to unethical practices in debt collection. The Financial Ombudsman Service exists to provide a fair and impartial avenue for resolving disputes. What is the Financial Ombudsman Service? The Financial Ombudsman Service was established in 2001 under the Financial Services and Markets Act 2000. Its primary role is to resolve disputes between consumers and financial services providers. The FOS operates independently, ensuring its decisions are impartial and based on fairness rather than favouring either party. What is the scope of the FOS's powers? The FOS has broad powers to handle complaints related to debt collection, including issues involving banks, credit card companies, and debt collection agencies. Consumers can bring complaints to the FOS if they believe a financial service provider has mistreated them or if the provider has failed to follow the relevant regulations. Investigative Powers One of the key powers of the FOS is its ability to investigate complaints thoroughly. When a consumer files a complaint related to debt collection, the FOS examines the circumstances surrounding the dispute. This may include reviewing communications between the... --- - Published: 2024-09-03 - Modified: 2024-09-03 - URL: https://debt-claims.com/articles/expectations-for-debt-collection-by-regulated-companies/ - Categories: Articles On 18 March 2024, the UK Regulators Network (UKRN), alongside the Financial Conduct Authority (FCA), Ofcom, Ofgem, and Ofwat, issued a joint statement outlining their shared expectations for debt collection practices by regulated companies. This statement is critical when many consumers face financial difficulties due to ongoing cost-of-living pressures. The aim is to ensure companies adopt practices that protect vulnerable consumers from further harm. What are the main expectations for debt collection practices? The UKRN's statement highlights several key expectations for regulated firms in their debt collection activities: 1. Appropriate Frequency of Communication Expectation: Companies are expected to manage the frequency of their debt collection communications carefully. If frequent communications do not lead to positive customer engagement or are causing harm, companies must reduce their contact efforts. Rationale: Excessive communication can exacerbate customer stress, particularly those in vulnerable circumstances. The focus should be on quality of engagement rather than quantity, ensuring that interactions are constructive and supportive. 2. Supportive and Non-Threatening Communication Expectation: The tone of debt collection communications must be supportive, avoiding any language that could be perceived as threatening or intimidating. Rationale: The goal is to encourage positive customer engagement rather than pushing them further into distress. A supportive approach can lead to better outcomes, fostering a more cooperative relationship between the creditor and the debtor. 3. Clear and Prominent Information on Free Debt Advice Expectation: Companies must provide clear and prominent information about free debt advice services in their communications. They are also encouraged to use "warm"... --- - Published: 2024-09-03 - Modified: 2024-09-03 - URL: https://debt-claims.com/articles/pitfalls-when-using-third-party-debt-orders/ - Categories: Articles Third Party Debt Orders (TPDOs) are a powerful tool for judgment creditors seeking to enforce a judgment by freezing and seizing funds owed to the debtor by a third party. However, utilising this enforcement method requires careful consideration and understanding of the legal processes. Missteps in applying for a TPDO can lead to wasted resources, delays, or outright denial by the court. Below, we delve into the key points of caution that must be observed when pursuing a TPDO. Existence of a Debt Due to the Judgment Debtor The foundational requirement for a TPDO is the existence of a debt owed by the third party to the judgment debtor. A critical test is whether the judgment debtor could personally sue the third party for the money in question. If the debtor has no legal grounds to demand payment from the third party, then the judgment creditor cannot use a TPDO to claim those funds. This principle was emphasised in Ferrera v Hardy EWCA Civ 1202, where it was made clear that a TPDO cannot put the judgment creditor in a better position than the debtor. Practical Implications: Trust Funds and Agency Monies: Trust funds or monies held by a third party as an agent are unlikely to be successfully attached by a TPDO because the debtor would typically lack direct legal entitlement to those funds. Case Reference: In Breakthrough Funding Ltd v Dougall and others EWHC 3642 (Ch), the Court determined that a TPDO should not have been granted because... --- - Published: 2024-07-18 - Modified: 2024-07-18 - URL: https://debt-claims.com/articles/understanding-proofs-of-debt-in-liquidation-administration-and-part-a1-moratoriums/ - Categories: Articles Proof of debt plays a central role in liquidation, administration, and Part A1 moratoriums, enabling creditors to assert their claims and partake in the distribution of the insolvent estate's assets. This article delves into the function and importance of proofs of debt, how decisions regarding these proofs can be contested, and the process for foreign creditors to lodge claims, especially under the Recast Insolvency Regulation. The Role of Proofs of Debt in Insolvency Proceedings In insolvency proceedings, a proof of debt is a formal statement submitted by a creditor to the liquidator or administrator, asserting the amount owed to them by the insolvent debtor. This process is crucial as it determines the validity and extent of the creditor's claim against the insolvent estate, ensuring that the claims are considered during the distribution of assets. Liquidation In compulsory or voluntary liquidation, the liquidator invites creditors to submit proof of debt. This allows the liquidator to assess the total claims against the insolvent estate and determine how to distribute the available assets. Creditors must submit their proofs in a specified form, often accompanied by supporting documents such as contracts, invoices, and correspondence evidencing the debt. The liquidator then reviews these proofs to either accept, reject, or seek further information. Administration In administration, the process is similar but typically more streamlined. The administrator's role is to rescue the company, achieve a better outcome for creditors than liquidation, or realise property to distribute to secured or preferential creditors. Proofs of debt are submitted to... --- - Published: 2024-07-18 - Modified: 2024-07-18 - URL: https://debt-claims.com/articles/the-impact-of-the-gdpr-on-debt-collection/ - Categories: Articles Introduced in May 2018, the GDPR imposes strict requirements on organisations' handling of personal data. For debt collection matters, these changes have brought about various compliance challenges and opportunities. This article examines the impact of the GDPR on debt collection practices in England and Wales, focusing on the roles and responsibilities of Controllers and Processors, as well as key privacy law issues that affect the sector. GDPR Compliance Requirements for Controllers and Processors Under the GDPR, organisations involved in debt collection must identify whether they act as Controllers or Processors of personal data, as this determines their specific obligations. Controllers Controllers are entities that determine the purposes and means of processing personal data. Debt collection agencies that decide on using personal data for debt recovery purposes typically fall into this category. Controllers must adhere to several key requirements: Lawful Basis for Processing: Controllers must ensure that there is a lawful basis for processing personal data. In the context of debt collection, this could include the necessity of processing for the performance of a contract, compliance with a legal obligation, or legitimate interests pursued by the controller or a third party. Transparency and Information Rights: Controllers are required to provide clear and concise information to individuals about how their data is being used. This includes issuing privacy notices that detail the purposes of data processing, the lawful basis for processing, and individuals' rights. Data Minimisation and Accuracy: Controllers must only collect data that is necessary for the specified purposes and ensure... --- - Published: 2024-07-18 - Modified: 2024-07-18 - URL: https://debt-claims.com/articles/the-advantages-and-disadvantages-of-issuing-winding-up-proceedings/ - Categories: Articles In the domain of debt collection, winding up proceedings are a potent tool for creditors seeking to recover debts from insolvent companies. These proceedings, also known as compulsory liquidation, can compel a debtor company to cease operations and liquidate its assets to pay off creditors. While this legal remedy is powerful, it is not without its complexities and potential drawbacks. This article examines the advantages and disadvantages of issuing winding up proceedings, and explores alternative measures such as freezing injunctions and alternative dispute resolutions (ADR) that creditors might consider. Advantages of Issuing Winding Up Proceedings Winding up proceedings offers several strategic benefits for creditors, including: Pressure on the Debtor The threat of winding up can exert significant pressure on the debtor company to settle outstanding debts. The possibility of forced liquidation often incentivises the debtor to negotiate and pay what is owed to avoid the severe consequences of being wound up. Legal Leverage Issuing a winding up petition demonstrates the creditor's seriousness and willingness to take decisive legal action. This can enhance the creditor's negotiating position and potentially expedite debt recovery. Equal Treatment of Creditors When a company is wound up, its assets are distributed among creditors in a structured and equitable manner, following statutory priorities. This process ensures that all creditors are treated fairly and that no single creditor can gain an undue advantage over others. Investigation of Company Affairs A liquidator appointed in winding up proceedings has the authority to investigate the company's affairs. This can uncover any... --- - Published: 2024-06-26 - Modified: 2024-06-26 - URL: https://debt-claims.com/articles/recognising-the-signs-of-financial-trouble-in-a-business/ - Categories: Articles In business, financial stability can be a fleeting concept. We often encounter clients who are caught off guard by the economic troubles of their business partners or clients. Recognising the signs of financial distress early can prevent significant losses and provide opportunities to address issues before they escalate. Knowing how to identify when a business is facing financial difficulties equips you with the knowledge to act promptly and mitigate risks. Declining Revenue and Profit Margins One of the most apparent signs of financial trouble is a consistent decline in revenue and profit margins. Businesses thrive on growth and stability; a continuous drop in sales figures or shrinking profit margins indicates underlying issues. Regularly monitor financial statements and compare current performance with historical data. If there is a noticeable downward trend, it’s time to investigate further. This could result from decreased customer demand, increased competition, or inefficiencies within the company. Increasing Debt Levels A rising debt level is another red flag. While borrowing can be a strategic move for growth, excessive debt indicates financial strain. Review the company’s debt-to-equity ratio and other relevant financial metrics. A sudden increase in borrowing, particularly if it’s used to cover operational expenses rather than for investment, suggests cash flow problems. This can lead to a vicious cycle of borrowing and repayment difficulties, pushing the business further into distress. Delayed Payments and Cash Flow Issues Cash flow is the lifeblood of any business. Delayed payments to suppliers, employees, or creditors signify cash flow problems. If a... --- - Published: 2024-06-26 - Modified: 2024-06-26 - URL: https://debt-claims.com/articles/favourable-decision-related-to-enforcing-foreign-judgments-via-winding-up/ - Categories: Articles The recent High Court decision in Re a Company EWHC 1070 (Ch) has significant implications for creditors seeking to enforce foreign judgment debts through winding up petitions in England. The Court's ruling addressed whether any limitation period under English law could prevent the presentation of such petitions. This article explores the case details, the court's reasoning, and the broader impact on creditors and debt recovery processes. Case Background In the case, a creditor sought to present a winding up petition against a debtor based on a judgment debt of approximately USD 776,907 obtained in the Lebanese Courts in 2010. The debtor contested the petition, arguing that the debt was time-barred under English law and that it had not been registered or recognised as an English judgment. Key Legal Issues The court had to consider two primary issues: Whether the Lebanese judgment debt could form the basis of a winding up petition without being registered or recognised as an English judgment. Whether any limitation period under English law applied to prevent the presentation of the winding up petition. Court's Decision The High Court ruled in favour of the creditor on both counts. It held that a foreign judgment debt could indeed form the basis of a winding up petition under English common law, even without being registered or recognised in the English courts. This aligns with the decision in Re Drelle v Servis-Terminal LLC EWHC 521 (Ch), which established that foreign judgments could be treated as debts for the purposes of... --- - Published: 2024-06-26 - Modified: 2024-06-26 - URL: https://debt-claims.com/articles/the-impact-of-personal-bankruptcy-on-creditors/ - Categories: Articles Personal bankruptcy can significantly affect creditors, who often face the loss of expected payments and complex legal processes. This article explores the effects of personal bankruptcy on creditors, from the initial filing to the discharge of debts, offering insights into the processes involved and strategies for creditors to mitigate losses. Understanding Personal Bankruptcy Personal bankruptcy is a legal process that allows individuals overwhelmed by debt to have a fresh start. In the UK, individuals can file for bankruptcy under the Insolvency Act 1986. When a person declares bankruptcy, their assets are evaluated and may be used to repay creditors. Once the bankruptcy is complete, most of the person’s debts are discharged, meaning they are no longer legally required to pay them. Initial Impact on Creditors When a debtor files for bankruptcy, creditors are impacted immediately. The debtor’s financial obligations to creditors are effectively frozen. This means creditors cannot take further action to collect debts, including initiating or continuing any legal proceedings. This automatic stay can be frustrating for creditors as it halts any ongoing collection efforts and may lead to uncertainty about the recovery of owed funds. The Role of the Trustee Once bankruptcy is declared, a trustee is appointed to manage the debtor’s estate. The trustee’s role is to gather and sell the debtor’s assets and distribute the proceeds to creditors. Creditors must file claims with the trustee to be considered for repayment. The trustee evaluates these claims and determines the priority of payments based on the type of... --- > Debt-Claims Solicitors successfully recovered an £800 debt for a parking enforcement company, saving them time and court hearing costs. - Published: 2024-06-04 - Modified: 2024-06-04 - URL: https://debt-claims.com/articles/recovering-unpaid-parking-charges/ - Categories: Articles This case study highlights how Debt-Claims Solicitors successfully recovered an apparently uncollectable debt for a client in the parking enforcement industry. Our client, a parking enforcement company, was owed £800 by a motorist who had persistently ignored parking charges. After trying to recover the debt for two months without success, they turned to us for assistance. The client used Debt-Claims Solicitors to: Provide relevant documentation, such as parking notices and photographic evidence. Authorise Debt Claims to initiate debt recovery proceedings, including issuing county court proceedings. Our experienced team took the following steps: Issued a letter detailing our client’s claim and the required remedy. This communication outlined the debt owed and the consequences of non-payment. Prepared a Witness Statement: This detailed statement, outlining the case and supporting evidence, was crucial in securing payment. The Outcome: Despite the initial resistance, the defendant ultimately paid the full amount of £800 without the need for a court hearing. The compelling evidence presented in Debt-Claims' witness statement prompted the defendant to settle the debt. By using Debt Claims' services, the client: Recovered the full outstanding amount. Avoided the time and expense of a court hearing. Benefited from our expertise in navigating debt recovery processes. Conclusion: This case study underscores the effectiveness of Debt-Claims Solicitors in recovering debts that might initially seem irrecoverable. Through our professional and strategic approach, we not only secured the payment for our client but also saved them the hassle and costs associated with a court hearing. Debt Claims proved to be... --- > Feeling the squeeze? Rising costs & debt collection concerns. Learn your rights & how to avoid unfair practices from debt collectors. Free resources & help available! - Published: 2024-06-04 - Modified: 2024-06-04 - URL: https://debt-claims.com/articles/a-haulage-dispute-resolved/ - Categories: Articles A client in the freight and haulage industry approached us with a significant debt worry. They were owed roughly £8,500 by a customer who had become entirely unresponsive to attempts to collect the money. Feeling increasingly pessimistic about ever seeing the funds again, the client sought our help in recovering what was rightfully theirs. Understanding the Client's Needs: Empathy is at the core of our approach. We took the time to understand the client's situation fully. Beyond the financial strain, the non-payment caused frustration and a sense of injustice. Our goal, therefore, wasn't just about recouping the money, but also alleviating the emotional burden of the unpaid debt. Exploring Options & Avoiding Exorbitant Costs: We presented the client with a clear picture of their options. While proceeding to trial could potentially recover the entire amount, it also came with a hefty price tag. Legal fees could easily double or triple, significantly impacting the client's bottom line. The Power of Communication & The Tomlin Order: Through open communication, we discussed the possibility of a Tomlin Order. This court order bypasses a lengthy trial once parties have taken stock of each other’s strengths and weaknesses, and agreed a way forward. It then sets a realistic and mutually agreeable settlement amount. A Favourable Outcome: Thankfully, the case concluded successfully through the Tomlin Order process. Our client agreed a substantial portion of the owed debt, avoiding the extended timeframe and potentially higher costs associated with a full court hearing. Key Takeaways: This case highlights... --- > County Court Judgments (CCJs) on the rise in the UK! Are you at risk? Understand what CCJs are, why they're increasing, and what you can do to protect yourself. - Published: 2024-06-04 - Modified: 2024-06-04 - URL: https://debt-claims.com/articles/debt-collection-concerns-for-consumers/ - Categories: Articles The rising cost of living is putting a strain on everyone's finances. A recent joint statement from the Financial Conduct Authority (FCA) alongside Ofgem, Ofwat, and Ofcom highlights a growing concern: increased pressure on consumers struggling with debt. This isn't just about missed payments on utility bills or phone contracts. The FCA specifically warns about potentially unfair debt collection practices targeting vulnerable consumers. What Does This Mean for You? If you're facing debt collection, it's important to be aware of your rights and protections. Here are some key points to remember: Excessive Communication: You shouldn't be bombarded with calls or messages from debt collectors. Unfair Treatment: Debt collectors cannot pressure you into making unrealistic payments or use aggressive tactics. Help is Available: If you're struggling with debt, there are resources available to help you manage your finances and explore repayment options. What Can You Do? Track Communications: Keep records of all communication with debt collectors, including dates, times, and the content of the conversation. Know Your Rights: The FCA website provides information on debt collection practices and consumer rights. Seek Help: Citizens Advice and other organisations offer free and confidential debt advice to help you find the best solution for your situation. Working Together for Fair Practices The FCA's joint statement highlights the importance of responsible debt collection practices during challenging economic times. By being aware of your rights and seeking help if needed, you can navigate debt collection concerns and work towards a brighter financial future. It's important to... --- > County Court Judgments (CCJs) on the rise in the UK! Are you at risk? Understand what CCJs are, why they're increasing, and what you can do to protect yourself. - Published: 2024-06-04 - Modified: 2024-06-04 - URL: https://debt-claims.com/articles/county-court-judgement-spike/ - Categories: Articles The recent statistics released by Registry Trust paint a concerning picture: County Court Judgments (CCJs) in England and Wales have seen a significant rise in the final quarter of 2023. This follows a year of ongoing increases, raising questions about the financial strain many individuals and businesses are facing. What are CCJs? A County Court Judgment, or CCJ, is a formal court order issued against someone who owes money and hasn't repaid it after proceedings were issued. It can have a serious impact on your credit score and ability to access financial products like loans or mortgages. Why the Increase? The reasons behind the CCJ surge are likely complex and multifaceted. Here are some potential contributing factors: Cost of Living Crisis: The rising cost of essentials like food and energy is putting a significant strain on household budgets. This may lead to individuals falling behind on bills and credit card repayments. Business Pressures: Businesses are also facing rising costs, impacting their ability to meet financial obligations like rent and supplier payments. This could explain the increase in CCJs issued against businesses. Post-Pandemic Repercussions: The economic fallout from the COVID-19 pandemic may still be lingering, with some individuals and businesses struggling to recover financially. What Does This Mean for You? Whether you're a consumer or business owner, it's important to be aware of the potential consequences of CCJs. Here are some steps you can take: Prioritise Debt Management: If you're struggling with debt, prioritise managing it effectively. Create a budget, explore... --- > Experience a transformative approach to small claims disputes in England and Wales with the new mandatory mediation policy starting May 2024 for claims under £10,000. - Published: 2024-04-29 - Modified: 2024-04-30 - URL: https://debt-claims.com/articles/small-claims-resolution-mandatory-mediation/ - Categories: Articles, Blog In a groundbreaking move set to transform the landscape of small claims disputes in England and Wales, the HM Courts & Tribunals Service (HMCTS) has announced a significant policy shift. Starting May 2024, mediation will become a mandatory step in the small claims process for most money claims under the value of £10,000. This development marks a pivotal moment in the justice system, aiming to foster quicker and more amicable resolutions to disputes, potentially revolutionising the way we approach small claims litigation. Understanding the Shift Historically, parties involved in money claims cases under £10,000 had the option to engage with the HMCTS Small Claims Mediation Service (SCMS) on a voluntary basis. This service has been a boon for many, offering a less confrontational and more cost-effective avenue to dispute resolution. However, with the forthcoming changes, mediation will transition from a voluntary to an obligatory phase of the small claims procedure. This shift is not merely administrative but philosophical, underscoring a broader move towards alternative dispute resolution (ADR) mechanisms within the legal system. The emphasis is on mediation as an integrated step in the resolution process, offering a structured opportunity for parties to resolve their disputes with the assistance of a neutral mediator. The Rollout: A Two-Stage Approach The implementation of this policy change is planned in two significant stages. The first stage, commencing on 22 May 2024, will mandate mediation for new claims filed on paper and via HMCTS’ ‘legacy’ systems, which include Money Claims Online (MCOL) and Secure Data... --- > Unlock the mysteries of credit agreements with our comprehensive guide. Whether it's loans, credit cards, or hire purchase agreements, empower yourself with the knowledge to make informed decisions and safeguard against unfair practices. - Published: 2024-04-29 - Modified: 2024-04-30 - URL: https://debt-claims.com/articles/guide-to-credit-agreements/ - Categories: Articles The complexities of credit agreements can often feel like a daunting task. However, understanding your rights and entitlements under the Consumer Credit Act 1974 can provide you with the necessary tools to manage your credit more effectively. What is a Credit Agreement? A credit agreement is essentially a contract between you and a lender, outlining the terms under which you borrow money. These agreements can come in various forms, including loans, credit cards, and hire purchase agreements. It's crucial to understand that not all agreements are covered by the Consumer Credit Act 1974, but most agreements with individuals for personal or household purposes are included. Your Rights to Information Under the Consumer Credit Act 1974, you have significant rights to information both before and after entering into a credit agreement. This legislation ensures transparency and aims to protect consumers from potentially unfair practices. Before You Sign Before entering into a credit agreement, the lender must provide you with adequate explanations and sufficient information to understand the proposed credit agreement's key features. This includes: The total amount you must pay back; The payment arrangements; The rate of interest and how it's applied; Any charges for late payments. This information is crucial as it enables you to compare different offers and make an informed decision about whether to proceed. After You've Signed After entering into an agreement, you can request a copy of your credit agreement and a statement of account at any time. This can be particularly useful if you don’t... --- > Explore the challenges actors face with unpaid wages in the UK and learn about the importance of fair compensation and resources available for debt recovery in the acting industry. - Published: 2024-04-29 - Modified: 2024-04-30 - URL: https://debt-claims.com/articles/curtain-call-on-unpaid-wages-debt-recovery-in-the-uk-acting-industry/ - Categories: Articles, Blog The world of acting is often romanticised, filled with dreams of applause and accolades. However, the reality for many actors, particularly those starting out or working in specific roles, can be a harsh one. A recent news story involving Mad Dog 2020 Casting, a British agency supplying background actors, highlights a persistent issue: unpaid wages. According to reports, the company failed to pay scores of actors for work completed in 2023, forcing them to pursue legal debt recovery action. This isn't an isolated incident. Equity and Bectu, two prominent UK creative industry unions, are also currently assisting members owed "thousands of pounds" from jobs completed last year. These cases involve "below-the-line" actors, those who play background roles and are crucial to bringing productions to life, from shows like Doctor Who and Call the Midwife. A Precarious Profession: The acting industry can be a precarious one, with many actors working freelance or on short-term contracts. This can leave them vulnerable to late or non-payment of wages. While established actors may have more leverage and legal representation, those starting out or in less prominent roles often lack the resources or knowledge to effectively pursue what they're owed. The Impact of Unpaid Wages: Unpaid wages are more than just a financial inconvenience for actors. They can create significant hardship, impacting actors' ability to pay rent, bills, and basic necessities. It can also lead to a loss of trust in the industry and discourage talented individuals from pursuing acting careers. What Can Be Done?... --- > Discover the latest updates from Debt-Claims.com, your go-to online debt recovery platform. From a new user interface to global recovery options, see how we're evolving to meet your needs. - Published: 2024-04-29 - Modified: 2024-06-13 - URL: https://debt-claims.com/articles/new-platform-updates-to-enhance-your-debt-recovery-experience/ - Categories: Articles, Blog At Debt-Claims Solicitors, our mission has always been to provide you with an accessible, comprehensive platform for all your debt recovery needs. As part of this commitment, we're excited to announce a series of significant updates to our platform, launching on the 6th of May 2024. These enhancements are designed to streamline your experience, expand our services, and ensure that your debt recovery strategy is more effective than ever. Introducing a New Era of User Interface – At No Extra Cost Our platform's core, the user interface, has undergone a comprehensive transformation. We are proud to introduce a sleek, more intuitive design that simplifies navigation and accelerates your debt recovery process – and this is available to all our users at no additional cost. Highlights include: A New Home Screen: Instantly access vital statistics and recent notifications for an immediate understanding of your account's performance. Prioritised Notifications: Essential alerts are now sorted by priority, ensuring you never miss critical updates. Enhanced Feedback Options: Easily share your experiences with us via Google and Trustpilot, helping us to serve you better. Updated Contact Details: Streamline communication with simplified updates for creditor and debtor information. New Services and Products: Discover new tools and resources designed to fortify your debt recovery arsenal. Advanced Documents and Actions – Premium Offerings Our commitment to providing comprehensive solutions extends to our new suite of documents and actions designed to enhance your debt recovery strategy, available at an additional cost: Second Letter Before Action (LBA): Target persistent cases... --- > Important fee changes affecting debt recovery and company formations in the UK from May 1st, 2024. Get the details on court fees, Companies House disbursements and how Debt Claim can help you navigate these changes. - Published: 2024-04-29 - Modified: 2024-05-02 - URL: https://debt-claims.com/articles/fee-changes-affecting-debt-recovery-and-company-formations/ - Categories: Articles, Blog Here at Debt-Claims Solicitors, we stay up-to-date on any legal and administrative changes that may impact our clients. Today, we want to bring your attention to two upcoming fee increases that will come into effect on 1st May2024. 1. Court and Tribunal Fees: Her Majesty's Courts and Tribunals Service (HMCTS) recently announced a 10% increase to various court and tribunal fees. This includes an increase to the Writ of Control fee, a key tool used in debt recovery cases. What's changing?  The Writ of Control fee will increase from £71. 00 to £78. 00. What does this mean for you?  If you're pursuing debt recovery through the courts, be aware of this increased fee. It's important to factor this cost into your overall debt recovery strategy. 2. Companies House Disbursement Fees: Companies House, the UK's registrar of companies, is also increasing its disbursement fees from 1st May 2024. These fees cover the administrative costs associated with various company actions. What's changing?  Disbursement fees for several key transactions are increasing, including company incorporation, confirmation statements, and changes of name. What does this mean for you?  If you're planning to incorporate a new company, file a confirmation statement, or make changes to your company name, be aware of these new fees. We've included a table below with a breakdown of the new fees for some common transactions. **TransactionNew Fee**Incorporation (Digital)£50Incorporation (Paper)£71Confirmation Statement (Digital)£34Confirmation Statement (Paper)£62Change of Name (Digital)£20Change of Name (Paper)£30Voluntary Strike Off (Digital)£33Voluntary Strike Off (Paper)£44Registration Of A Charge (Digital)£15Registration Of... --- > Explore the differences between the insolvency route and money claim process in debt recovery. Understand which approach suits your case best, focusing on liquidated, undisputed debts versus disputed debts, and the associated risks and costs. - Published: 2024-03-21 - Modified: 2024-03-21 - URL: https://debt-claims.com/articles/insolvency-vs-money-claim-choosing-the-right-path-for-debt-recovery/ - Categories: Articles, Blog In the complex landscape of debt recovery, professionals are often faced with a critical decision: should they pursue the insolvency route or opt for a money claim? This choice can significantly impact the outcome, costs, and duration of the recovery process. Insolvency practitioners and debt collection agencies must understand the nuances of each approach to guide their clients effectively. Let's delve into the differences between these two paths, examining their effectiveness, risks, and associated costs. Understanding the Insolvency Route Whilst the insolvency route is not typically regarded as a debt recovery tool; where you have a non-paying debtor it is a very effective method for recovering liquidated, undisputed debts as it will quickly ascertain if the debtor has money to pay, or not. It involves initiating proceedings that could lead to the debtor being declared insolvent if they fail to pay the outstanding amount. This method can be compelling, as the threat of insolvency can prompt quick engagement from the debtor. However, it's not without its drawbacks: Effectiveness: Highly effective in securing payment from debtors who wish to avoid insolvency, particularly when the debt is clear-cut and undisputed. Risks: If the debtor disputes the debt, they may apply for a set aside, complicating the matter and potentially leading to high costs. Costs: Generally higher due to the legal and administrative expenses involved in insolvency proceedings. Exploring the Money Claim Process On the other hand, the money claim process is more common and generally better suited for disputed debts. It involves... --- > Discover the vital role of accuracy in debt claims and the costly consequences of errors. Learn practical tips for debt collection agencies and insolvency practitioners to ensure precision in every case. - Published: 2024-03-21 - Modified: 2024-03-21 - URL: https://debt-claims.com/articles/the-critical-importance-of-accuracy-in-debt-claims/ - Categories: Articles, Blog In the intricate world of debt recovery, the accuracy of information in debt claims is not just a requirement but a cornerstone of successful resolution. For debt collection agencies and insolvency practitioners, the margin for error is minimal. The consequences of submitting claims with incorrect details can be far-reaching, leading to additional costs, significant delays, and, in some cases, the undermining of the entire debt recovery effort. This blog explores the critical importance of accuracy in debt claims and provides actionable advice for maintaining the highest standards of precision. The High Cost of Inaccuracy Inaccurate information in debt claims can lead to a variety of negative outcomes: Additional Costs: Errors can result in the need for amendments, which may incur extra fees and legal costs, especially if the case has progressed to court. Delays: Incorrect details can cause significant delays in the recovery process. Courts may require resubmission of documentation or, in worse cases, dismiss claims altogether until corrections are made. Damaged Credibility: Repeated inaccuracies can damage the reputation of a debt collection agency or insolvency practitioner, affecting client trust and future business. Legal Repercussions: Providing false information, even unintentionally, can lead to legal challenges and potential sanctions. Ensuring Accuracy: A Due Diligence Checklist To mitigate these risks, rigorous due diligence is essential. Here are some tips for ensuring accuracy in every debt claim: Verify Debtor Details: Double-check the debtor's name, address, and other identifying information. Utilise multiple sources for verification, such as credit reports, public records, and, when applicable,... --- > Unravel the differences between 'Paid in Full' and 'Settled' statuses in debt recovery and their effects on credit reports and future lending. Gain insights on advising clients effectively in settlements. - Published: 2024-03-21 - Modified: 2024-03-21 - URL: https://debt-claims.com/articles/understanding-the-impact-of-paid-in-full-vs-settled-in-debt-recovery/ - Categories: Articles, Blog In the nuanced field of debt recovery, the terms 'Paid in Full' and 'Settled' carry significant weight, especially when it comes to their impact on credit reports and a debtor's financial future. For debt recovery solicitors and business debt collection agencies, understanding these differences is crucial when negotiating settlements and advising clients. This blog delves into the distinctions between these statuses and offers strategic guidance for professionals in the debt recovery industry. 'Paid in Full' vs. 'Settled': What's the Difference? The distinction between 'Paid in Full' and 'Settled' lies in the amount of debt repaid and the implications for the debtor's credit history: Paid in Full: This status is applied when a debtor has cleared the judgment or claim amount in full, not just the original invoice or debt amount. It indicates that all financial obligations have been met without any concessions from the creditor. Settled: In contrast, a 'Settled' status means the debtor has settled its debt with the creditor, but not for the judgment or claim amount. This usually occurs through a negotiation process where both parties agree on a reduced sum that is considered acceptable to settle the outstanding judgment or debt. Implications for Credit Reports and Future Lending The way a debt is resolved can have lasting effects on a debtor's credit report: Paid in Full: This is generally viewed more favourably by future lenders, as it reflects a debtor's commitment to fulfilling their financial obligations without compromise. If the judgment is paid in full within... --- > Uncover advanced debt recovery strategies for insolvency practitioners and commercial debt recovery professionals. Learn how to leverage legal frameworks, negotiation tactics, and technology to enhance your debt recovery efforts. - Published: 2024-03-21 - Modified: 2024-03-21 - URL: https://debt-claims.com/articles/maximising-debt-recovery-effective-strategies-for-insolvency-practitioners/ - Categories: Articles, Blog In the complex world of financial management, insolvency practitioners and commercial debt recovery professionals face the constant challenge of maximising debt recovery. Efficiently recovering debts is crucial for maintaining liquidity and ensuring the financial health of the businesses you represent. This blog explores advanced strategies for enhancing debt recovery, focusing on the integration of legal frameworks, negotiation tactics, and technological advancements. Understanding the Legal Framework The foundation of effective debt recovery lies in a thorough understanding of the legal frameworks governing insolvency and debt collection. Insolvency practitioners must navigate these laws with precision: Stay Updated: Legal frameworks are subject to change. Regularly update your knowledge to ensure compliance and leverage new avenues for recovery. Use Legal Leverage: Understand the legal tools at your disposal, such as statutory demands, winding-up petitions, and bankruptcy proceedings, and use them strategically to encourage debtors to settle their dues. Strategic Negotiation Tactics Negotiation is an art, especially in the context of debt recovery. Here are some tactics to improve your negotiation outcomes: Preparation is Key: Before entering negotiations, arm yourself with all relevant information about the debtor's financial situation and the outstanding debt. Build a Rapport: Establishing a positive relationship with the debtor can lead to more productive negotiations. Offer Solutions: Be prepared to offer realistic payment plans or settlements that are feasible for the debtor while still satisfying your client's needs. Know When to Escalate: If negotiations stall, be ready to escalate the matter legally to show seriousness and prompt a response. Leveraging Technology... --- - Published: 2024-03-21 - Modified: 2024-03-21 - URL: https://debt-claims.com/articles/the-role-of-debt-collection-agencies-in-business-insolvency/ - Categories: Articles, Blog In the complex landscape of financial distress and business insolvency, debt collection agencies play a vital role. Their expertise not only aids in the recovery of outstanding debts but also supports the overall insolvency process, ensuring that creditors can recoup as much as possible from failing businesses. This blog explores the crucial function of debt collection agencies within the context of business insolvency, highlighting effective collaboration strategies with insolvency practitioners and the importance of a deep understanding of insolvency laws and procedures. Understanding the Insolvency Landscape Business insolvency presents a complex environment where various stakeholders vie for limited financial resources. In such scenarios, the expertise of debt collection agencies becomes invaluable. These agencies must navigate through the troubled waters of insolvency with a clear understanding of legal boundaries and ethical considerations, ensuring that their actions do not impede the insolvency process but rather complement it. Collaboration with Insolvency Practitioners Effective collaboration between debt collection agencies and insolvency practitioners is essential for successful debt recovery: Communication and Coordination: Regular communication ensures that both parties are aligned on strategy and approach, minimising conflicts and enhancing the efficiency of debt recovery efforts. Understanding Roles and Responsibilities: Agencies should understand the scope of an insolvency practitioner's duties and the legal framework within which they operate, allowing for a more targeted and effective debt recovery process. Sharing Information: Exchanging pertinent information about the debtor's financial status and recovery prospects can lead to more informed decision-making and improved recovery rates. Navigating Legal and Ethical Considerations Debt... --- > Master the legal complexities of small business debt recovery with our comprehensive guide. Learn about pre-litigation actions, legal compliance, and managing debtor disputes effectively. - Published: 2024-03-21 - Modified: 2024-03-21 - URL: https://debt-claims.com/articles/navigating-legal-complexities-a-guide-for-small-business-debt-recovery/ - Categories: Articles, Blog Debt recovery for small businesses can be a daunting task, especially when navigating the maze of legal requirements and procedures. Small business debt collection agencies and debt recovery lawyers play a crucial role in guiding these businesses through the complexities of recovering debts while ensuring legal compliance. This guide aims to shed light on the essential aspects of small business debt recovery, from pre-litigation actions to handling debtor disputes. Understanding Pre-litigation Actions Pre-litigation actions are crucial steps taken before initiating formal legal proceedings. These actions can include sending demand letters, negotiating payment plans, and conducting debtor asset searches. For small businesses, these preliminary steps are vital as they offer a cost-effective way to recover debts without resorting to court action. Effective pre-litigation strategies include: Clear Communication: Ensure that all communication with the debtor is clear, concise, and documented. This can serve as evidence if the case escalates to court. Demand Letters: Utilise formal demand letters that outline the debt owed and the consequences of non-payment. These letters should be professional and adhere to legal standards. Negotiation: Attempt to negotiate a settlement or payment plan. Flexible terms can often lead to quicker debt recovery and maintain business relationships. Legal Compliance in Debt Recovery Legal compliance is non-negotiable in the debt recovery process. Small businesses and their collection agencies must adhere to laws such as the Fair Debt Collection Practices Act (FDCPA) and local regulations governing debt recovery. Key aspects of legal compliance include: Understanding Debt Collection Laws: Familiarise yourself with both... --- > Discover the importance of verifying claimant and defendant details before issuing a claim to avoid unnecessary delays and costs. Learn how proper due diligence can streamline your debt recovery process. - Published: 2024-02-26 - Modified: 2024-02-29 - URL: https://debt-claims.com/articles/the-crucial-step-before-issuing-a-claim-ensuring-accurate-information/ - Categories: Articles, Blog In the meticulous process of debt recovery, the accuracy of the information provided at the outset of a claim is paramount. Recent experiences have highlighted a common pitfall encountered by clients using the Debt-Claims Solicitors portal: the submission of claims with incorrect details for either the claimant or the defendant. This seemingly minor oversight can lead to significant repercussions, including additional fees, prolonged court processes, and potential adverse impacts on the claim's outcome. This blog explores the importance of ensuring correct information before issuing a claim and offers practical advice for conducting thorough due diligence. The Impact of Incorrect Information Submitting a claim with incorrect details can have several unintended consequences: Additional Fees: Correcting details post-submission often incurs further costs, as amendments need to be processed and approved by the court. Delayed Proceedings: Claims with inaccuracies are typically placed on hold, awaiting corrections. This delay can extend the recovery process by months, affecting cash flow and the overall timeline of the debt recovery effort. Adverse Effects on the Claim: Incorrect information can undermine the legal standing of a claim. It may lead to challenges in serving the defendant properly, potentially jeopardising the claim's success. Ensuring Accuracy from the Start The key to avoiding these pitfalls lies in the meticulous verification of all details before issuing a claim. This can be achieved through: Conducting Debtor Traces: Utilise tracing services to confirm the current whereabouts and contact details of the debtor. This step is crucial for ensuring that the claim reaches the... --- > The cost-of-living crisis presents unique challenges for debt recovery. Discover ethical & sustainable strategies to navigate this landscape, foster collaboration, & achieve successful outcomes for debtors & creditors. - Published: 2024-02-26 - Modified: 2024-04-11 - URL: https://debt-claims.com/articles/debtors-the-cost-of-living-crisis-navigating-the-tightrope-of-sustainable-debt-recovery/ - Categories: Articles, Blog The rising tide of the cost-of-living crisis is creating a perfect storm for debt recovery professionals. On one hand, the financial strain on individuals and businesses is leading to an increase in debt defaults and insolvencies. On the other hand, ethical considerations and the need for sustainable recovery practices are more important than ever. So, how do we navigate this delicate balance and achieve successful outcomes without adding undue pressure to already struggling debtors? Understanding the Impact: The cost-of-living crisis is a complex issue with far-reaching consequences. Rising food and energy prices, coupled with stagnant wages, are putting immense pressure on household budgets. This can lead to: Increased defaults: Debtors may struggle to meet their financial obligations, prioritising essential expenses over debt repayments. Mental health concerns: Financial stress can significantly impact mental well-being, making debtors less receptive to traditional recovery methods. Erosion of trust: Aggressive or insensitive debt collection tactics can damage relationships and hinder long-term recovery efforts. Strategies for Sustainable Recovery: Navigating this challenging landscape requires a shift in approach, prioritising long-term sustainability and collaboration over quick fixes. Here are some key strategies: Empathy and understanding: Acknowledge the difficult circumstances debtors face and approach them with empathy and understanding. Open communication: Establish clear communication channels and actively listen to debtors' concerns and challenges. Flexible solutions: Explore alternative repayment options tailored to individual circumstances, such as extended payment plans or hardship arrangements. Financial guidance: Offer resources and guidance to help debtors manage their finances effectively and improve their overall financial... --- > Discover the strategic benefits of early debt settlements for debt collection agencies. Learn how effective negotiation and ADR can streamline recovery, improve cash flow, and maintain debtor relations. - Published: 2024-02-26 - Modified: 2024-02-29 - URL: https://debt-claims.com/articles/enhancing-debt-recovery-the-strategic-advantage-of-early-settlements-for-collection-agencies/ - Categories: Articles, Blog In the dynamic arena of debt collection, the ability to secure early settlements is a game-changer for agencies and their clients alike. Early settlements not only expedite the recovery process, enhancing cash flow, but also significantly reduce the costs and complexities associated with drawn-out legal disputes. Moreover, they play a crucial role in maintaining positive debtor relations, which is invaluable in the debt recovery business. So, what strategies can debt collection agencies employ to navigate the settlement landscape effectively and ensure optimal outcomes for all parties involved? The Power of Early Settlements: Embracing early settlements offers many advantages for debt collection agencies: Quick Cash Recovery: Accelerates the inflow of funds, bolstering the financial health of your agency and your clients. Cost Efficiency: Sidesteps the expenses tied to legal proceedings and the administrative load of lengthy recoveries. Debtor Relations: Early resolution can preserve and even enhance relationships with debtors, fostering a positive engagement for future interactions. Guaranteed Recovery: Opting for a settlement ensures a definite recovery amount, eliminating the unpredictability of court decisions. Risk Reduction: Lowers the likelihood of facing bad debt write-offs or navigating through debtor insolvency issues. Mastering Negotiation Techniques: Negotiation ability is key to unlocking the full potential of early settlements. Below aresome essential strategies for debt collection agencies: In-depth Preparation: Fully assess the debt details, the debtor's financial status, and the strength of your claim before negotiations. Strategic Offering: Initiate discussions with a strong but realistic offer, allowing room for adjustment while staying grounded in factual assessments.... --- > Learn how to effectively advise clients on statutory demands. Discover essential legal insights, set-aside grounds, and strategic actions for insolvency practitioners. - Published: 2024-02-26 - Modified: 2024-02-29 - URL: https://debt-claims.com/articles/mastering-statutory-demand-challenges-a-guide-for-insolvency-practitioners/ - Categories: Articles, Blog For insolvency practitioners, statutory demands are a familiar yet complex challenge that can significantly impact the course of insolvency proceedings. When a client faces a debtor who states that the demand served on them is disputed invalid or premature, guiding them through the maze of legal options becomes paramount. Let's delve into the intricacies of contesting statutory demands and arm you with the knowledge to navigate these turbulent waters. Decoding the Statutory Demand: A statutory demand serves as a formal notice from a creditor demanding payment before initiating bankruptcy or winding-up proceedings. If a valid statutory demand is served on a debtor and it is not satisfied within 21 days, or if they dispute the demand and it is not set aside by the court following an application made by the debtor within 18 days, the client could be made bankrupt. Limited companies must swiftly apply for an injunction to prevent the creditor from issuing winding up proceedings. With such tight timeframes and severe consequences involved, understanding the nuances of statutory demands is crucial. Grounds for Set-Aside: The Insolvency Practitioner's Toolkit: Several key scenarios may warrant a challenge to a statutory demand: Disputed Debt: If there's a legitimate dispute over the debt's existence or amount, this can form a solid basis for a challenge. Formal Defects: Mistakes in the statutory demand's formulation or delivery can invalidate it, offering a potential lifeline. Improper Use: A demand used for purposes other than recovering debt, such as pressuring for settlement regarding an unrelated... --- > BNPL's popularity in the UK soars, but what about the risks? Explore the potential for debt accumulation, credit score impact, and the role of debt recovery professionals in navigating this evolving landscape. - Published: 2024-02-26 - Modified: 2024-02-29 - URL: https://debt-claims.com/articles/buy-now-pay-later-a-boom-in-the-uk-but-what-is-the-price-of-convenience/ - Categories: Articles, Blog Buy Now, Pay Later (BNPL) has exploded in popularity, offering easy access to credit and seemingly smooth checkout experiences. But amidst the festive season spending frenzy, it's crucial to understand the potential risks lurking beneath the surface. As debt recovery professionals, navigating the evolving landscape of BNPL and its impact on consumers is essential. The BNPL Boom: The numbers speak for themselves: Over 15 million UK adults used BNPL for festive spending in 2023. Over 19 million, or 36% of the population, have ever used BNPL. Millennials lead the charge, with over half adopting this payment method. BNPL spending spiked 12. 7% in November and December 2023, exceeding £3. 3 billion. These figures paint a clear picture: BNPL is deeply ingrained in the UK's financial landscape. The Double-Edged Sword: While BNPL offers convenience and potential credit score improvement through timely repayments, it also carries significant risks: Debt accumulation: Missed payments, which rose to 22% for all users and 34% for young adults in 2023, can quickly spiral into unmanageable debt. Negative impact on credit scores: Late payments are reported to credit bureaus, potentially dropping users into the "poor" credit score category (currently 19. 8% of the UK population). Debt collection consequences: Nearly 30% of those missing payments faced debt collection action, highlighting the potential ramifications. Navigating the Landscape: As debt recovery professionals, we play a crucial role in managing the potential fallout of BNPL: Raising awareness: Educating consumers about the risks and responsible BNPL usage is paramount. Debt recovery with... --- > Discover the critical steps to effectively handle counterclaims in debt recovery cases. Learn from a case study how prompt action and due diligence via the Debt-Claims Solicitors portal can lead to favourable settlements. - Published: 2024-02-26 - Modified: 2024-02-29 - URL: https://debt-claims.com/articles/navigating-counterclaims-in-debt-recovery-a-vital-guide-for-claimants/ - Categories: Articles, Blog In the intricate world of debt recovery, encountering a counterclaim can introduce an unexpected twist in the proceedings. While not a frequent occurrence, the implications of not adequately responding to a counterclaim can significantly impact the outcome of a case. This blog explores the essential aspects of dealing with counterclaims, underscored by a case study that highlights the importance of timely and informed action. Understanding Counterclaims A counterclaim is a legal claim brought by a defendant against the claimant, often within the same proceedings initiated by the claimant. It's a defensive and offensive manoeuvre that can shift the dynamics of a legal dispute, requiring the claimant to defend against the counterclaim while pursuing their original claim. The Risks of Ignoring Counterclaims Ignoring a counterclaim can lead to dire consequences. Once a counterclaim is filed, the claimant typically has 14 days to respond. Failure to meet this deadline can result in a default judgment against the claimant, complicating their position and potentially leading to an unfavourable outcome, even as their original claim continues. A Case Study in Effective Management We recently assisted a client through the Debt-Claims Solicitors online portal who faced a defence and counterclaim from a debtor. This situation underscored the critical need for swift and strategic action. Here’s how we approached the challenge: Prompt Response: Recognising the urgency, we immediately advised the client on the necessary steps, emphasising the importance of not exceeding the 14-day response window. Due Diligence: Conducting thorough due diligence was pivotal. We assessed the... --- > Discover the power of effective debt recovery strategies with our client's success story. Learn how using our portal for a Letter Before Action (LBA) resulted in a £50,000 payment and another significant payment, within just three hours. - Published: 2024-01-31 - Modified: 2024-01-31 - URL: https://debt-claims.com/articles/50000-paid-with-a-solicitors-letter-sent-through-our-portal/ - Categories: Articles, Blog A recent success story from one of our clients at Debt-Claims Solicitors highlights the remarkable effectiveness of using our online portal to send out an LBA. This case underscores the value of prompt and professional debt recovery actions and demonstrates the power of leveraging the right tools in the process. The Power of a Well-Executed LBA An LBA is a critical step in the debt recovery process. It serves as a formal notice to the debtor, indicating that legal action may follow if the debt is not paid. Crafting an LBA that is clear, firm, and legally sound is essential for its success. Our client's experience with our portal exemplifies how a well-executed LBA can lead to swift and favourable outcomes. Case Study: A £50,000 Triumph Our client, facing overdue payments, utilised the Debt-Claims Solicitors portal to send out an LBA. The result was nothing short of impressive – a payment of £50,000 was secured in response to the LBA. This significant recovery alleviated cash flow concerns for our client and validated the efficiency of using our streamlined process for debt recovery. Another Win: Payment in Just Three Hours In another instance, the same client experienced the power of prompt action. Within just three hours of sending out an LBA through our portal, they received a substantial payment. This rapid response highlights the impact of a direct and professional approach in debt recovery. Why the Debt-Claims Portal Makes a Difference Ease of Use: Our portal simplifies the process of creating... --- > Explore the crucial role of settlements in debt recovery, understanding how they can save costs and time for clients. Learn why settling out of court or through small claims mediation is often smarter - Published: 2024-01-31 - Modified: 2024-01-31 - URL: https://debt-claims.com/articles/the-strategic-advantage-of-settlements-in-debt-recovery/ - Categories: Articles, Blog Within the complex world of debt recovery, settlements frequently stand out as a symbol of practicality and effectiveness. We have observed a significant trend towards settlements, particularly in their ability to reduce costs and streamline the resolution process. This blog delves into the importance of settlements in debt recovery and why they are frequently the most advantageous route for clients. Understanding the Value of Settlements Settlements, in the context of debt recovery, refer to the process of resolving a dispute by mutual agreement between the parties involved, without the need for a full court proceeding. This approach offers several benefits: Cost-Effectiveness: Legal proceedings can be expensive. Settlements often reduce costs significantly, as they typically require fewer legal resources and less time than court cases. Time Efficiency: Court proceedings can be lengthy. Settlements expedite the resolution process, allowing both parties to move forward more quickly. Control and Certainty: Settlements provide more control over the outcome. Parties can negotiate mutually agreeable terms, rather than leaving the decision in the hands of a court. The Role of Mediation in Settlements Small claims mediation is a key component of the settlement process. It involves a neutral third party who helps the disputing parties reach an agreement. Mediation is particularly effective because it: Encourages open communication and understanding. Is less formal and intimidating than court proceedings. Offers creative and flexible solutions tailored to the specific situation. Settlements and Debt Recovery: A Practical Approach In debt recovery, the goal is to recover owed funds in the... --- > Uncover the importance of due diligence in the context of set aside applications in debt recovery. Learn how thorough preparation and a solid document trail can significantly affect these legal proceedings. - Published: 2024-01-31 - Modified: 2024-01-31 - URL: https://debt-claims.com/articles/are-you-prepared-for-set-aside-applications-in-debt-recovery/ - Categories: Articles, Blog Have you ever considered how your approach to due diligence could be the key factor in handling set aside applications in debt recovery? Understanding and preparing for set aside applications is essential in the intricate world of debt recovery. These applications, which can reopen previously settled cases, often hinge on the level of due diligence exercised before issuing a claim. This blog explores the importance of due diligence and how it can impact the outcome of set aside applications. Why is Due Diligence So Crucial? Due diligence involves a comprehensive investigation and preparation before initiating a legal claim. In the realm of set aside applications, this isn't just a routine step; it's a critical element that can determine the success or failure of a case. The bar for setting judgments aside is relatively low, and the most common reason for these applications is the debtor's assertion of not receiving any correspondence, thus missing the opportunity to defend the claim. Building a Strong Document Trail Your best defence in debt recovery is a robust document trail. This should include: Evidence of correspondence Documentation of attempts to contact Proof of debt validity The Art of Navigating Set Aside Applications Set aside applications are often filed by debtors who argue they were unaware of the court proceedings, leading to a default judgment. Judges tend to grant the set aside if it appears the debtor didn't have a fair chance to present their case. Here, your due diligence and document trail are crucial. Effective... --- > Unpacking the rise of AI in debt recovery and its impact on finance teams. Explore the benefits of efficiency and cost-saving alongside ethical considerations and the future of human-AI collaboration - Published: 2024-01-31 - Modified: 2024-01-31 - URL: https://debt-claims.com/articles/ai-in-debt-recovery-friend-or-foe/ - Categories: Articles, Blog The landscape of debt recovery is shifting underfoot, driven by the ever-evolving gears of artificial intelligence (AI). Finance teams find themselves at a crossroads: embrace AI's efficiency and cost-cutting potential or resist machines' encroachment into a traditionally human-centric domain. But the question remains: is AI friend or foe in the world of collecting outstanding debts? Benefits That Can't Be Ignored: AI algorithms tirelessly sift through mountains of data, identifying overdue accounts and prioritising collection efforts with laser-sharp precision. This frees up valuable human resources for complex cases and debtor engagement. Automation significantly reduces operational costs. Chatbots handle routine inquiries, freeing up phone lines and reducing reliance on human agents. Streamlined workflows further optimise resource allocation. AI never sleeps, offering around-the-clock communication and collection attempts, maximising the window for successful recovery. But are we trading efficiency for ethics? While the benefits are undeniable, the rise of AI in debt collection raises ethical concerns: Loss of Human Touch: Human empathy and understanding are often crucial in resolving debt issues. Can AI, however sophisticated, replicate the subtle nuances of human interaction required for building trust and finding workable solutions? Potential for Bias: AI algorithms trained on historical data can perpetuate existing biases, leading to unfair or discriminatory treatment of certain demographics. Responsible development and rigorous testing are essential to combat this risk. Debtor Vulnerability: The pressure of relentless automated reminders can exacerbate financial anxieties and mental health issues for struggling debtors. Striking a balance between efficiency and ethical treatment is paramount. So, how... --- > Learn how to mitigate risk, optimise processes, and build resilience for the long term with Debt-Claims Solicitors by your side. - Published: 2024-01-31 - Modified: 2024-01-31 - URL: https://debt-claims.com/articles/recessionary-resilience-navigating-debt-recovery-in-uncertain-times/ - Categories: Articles, Blog As the spectre of a potential recession looms, whispers of unease echo through finance departments. Debt recovery, the lifeblood of many businesses, faces increased challenges in a climate of economic uncertainty. Rising inflation, tightening belts, and shrinking budgets are the ominous clouds gathering on the horizon. For finance managers, the question burns bright: how do we weather the storm and emerge with our receivables intact? Understanding the Debt Downturn Landscape: Inflationary Squeeze: Spiralling inflation erodes debtor purchasing power, making debt repayment tougher. Expect delayed payments, increased payment plan requests, and even potential defaults. Interest Rate Rollercoaster: Rising interest rates can incentivise debtors to prioritise higher-interest debts first, putting your receivables on the back burner. Be prepared for longer collection cycles and increased negotiation demands. Consumer Confidence Crash: Declining consumer confidence reduces spending and increases risk aversion. Debtors may become more cautious about new loans, impacting future credit sales. Proactive Strategies for Debt Recovery Resilience: Early Intervention: Don't wait for accounts to become delinquent. Implement early intervention practices, proactively contacting debtors at the first sign of a missed payment. Empathy: Understand the financial anxieties your debtors may be facing. Open communication, flexible payment plans, and a collaborative approach will foster trust and increase repayment likelihood. Data-Driven Decisions: Leverage data analytics to identify early warning signs of potential delinquencies. Segment your debt portfolio based on risk profiles and tailor collection strategies accordingly. Technology: Embrace technology solutions like Debt-Claims Solicitors online portals, automated reminders, and self-service payment options to streamline communication and reduce... --- > Open Banking is transforming debt collection! Uncover the benefits of secure data access for faster, more accurate, and cost-effective recoveries. - Published: 2024-01-31 - Modified: 2024-01-31 - URL: https://debt-claims.com/articles/open-banking-the-key-to-unlocking-a-streamlined-debt-recovery-future/ - Categories: Articles, Blog Imagine a world where debt collection is faster, more accurate, and less invasive. A world where secure access to a debtor's financial data allows for personalised payment plans, improved communication, and lower costs. This is the promise of Open Banking, a technological revolution poised to transform the debt recovery landscape. Open Banking grants consumers control over their financial data, allowing them to securely share it with authorised third parties like debt collection agencies. This opens a treasure trove of information: income, expenditure, transaction history, and even account balances. No more chasing incomplete paper trails or relying on outdated information – Open Banking paints a real-time picture of a debtor's financial situation. Benefits Like Clockwork: Accuracy Reigns Supreme: No more manual verification of income or bank statements. Open Banking provides instant, accurate data, eliminating discrepancies and streamlining the collection process. Speed Demons on the Debt Trail: Real-time insights translate to faster identification of delinquent accounts and swifter initiation of collection efforts. Say goodbye to laborious information gathering and hello to quicker resolutions. Personalised Plans, Powered by Data: Tailor-made payment plans based on a debtor's actual income and expenditure lead to higher repayment rates and improved relationships. Open Banking data fuels this data-driven approach to debt collection. Cost-Cutting Champions: Automating data verification and streamlining workflows reduce operational costs significantly. Open Banking lets you work smarter, not harder, increasing efficiency and lowering overheads. The UK Takes the Lead: The UK's Open Banking Implementation Plan serves as a testament to the government's commitment to... --- > Explore the vital role of accountants in the debt settlement process with our comprehensive guide. - Published: 2023-12-21 - Modified: 2023-12-21 - URL: https://debt-claims.com/articles/the-role-of-accountants-in-debt-settlement/ - Categories: Articles, Blog In the world of finance, accountants play a pivotal role, especially when it comes to navigating the complexities of debt settlement. As professionals deeply involved in the financial health of businesses, accountants are often tasked with the critical responsibility of negotiating and managing debt settlements. This task, while challenging, is crucial for maintaining the financial stability and reputation of their clients. Understanding the Debt Settlement Landscape Debt settlement, in its essence, involves negotiating with creditors to allow a debtor to pay off a debt for a reduced amount. For accountants, this process is not just about crunching numbers; it's about understanding the legal and financial implications that affect their clients. It's essential to stay informed about the latest trends and regulations in the debt recovery industry, as these can significantly impact settlement strategies. The Role of Accountants in Debt Settlement Accountants must wear multiple hats when dealing with debt settlements. They need to be strategists, negotiators, and advisors. Their role involves: Analysing Financial Situations: Before entering any negotiation, it's crucial to have a clear picture of the client's financial status. This involves thoroughly analysing assets, liabilities, cash flow, and overall financial health. Developing a Negotiation Strategy: Based on the financial analysis, accountants must develop a tailored negotiation strategy that aligns with the client's best interests. This strategy should consider the amount that can realistically be settled and the terms that would be most favourable. Negotiating with Creditors: Armed with data and a strategy, accountants then take on the role of... --- > Dive into the complexities of set asides in insolvency with our expert guide. Learn about the legal framework, challenges, and strategic approaches for insolvency practitioners in managing set asides effectively. - Published: 2023-12-21 - Modified: 2023-12-21 - URL: https://debt-claims.com/articles/the-role-of-insolvecy-practitioners-in-set-asides/ - Categories: Articles, Blog Insolvency practitioners are often at the forefront of navigating complex legal landscapes, and understanding the intricacies of set asides in insolvency cases is a critical part of their role. Set asides, a legal mechanism that can alter the course of an insolvency process, require a nuanced understanding of legal frameworks and strategic thinking. This guide aims to shed light on the concept of set asides and offer practical strategies for dealing with them effectively. What are Set Asides in Insolvency? Set asides in insolvency refer to the legal process where a court order or an agreement, typically related to the distribution of a debtor's assets, is revoked or annulled. This can occur for various reasons, such as evidence of fraud, misrepresentation, or a change in circumstances. Understanding the legal basis for set asides is crucial for insolvency practitioners to manage these situations effectively. The Legal Framework of Set Asides The legal framework governing set asides is complex and varies depending on the jurisdiction. Generally, it involves statutes and case law outlining the grounds for a transaction or decision being set aside. Familiarity with these laws is essential for practitioners to navigate the process and provide sound advice to their clients. Challenges in Managing Set Asides Dealing with set asides presents several challenges: Identifying Grounds for Set Asides: The first step is to recognise valid legal reasons for a set aside. This requires a deep understanding of insolvency law and keen attention to the details of each case. Navigating Legal Procedures:... --- > Discover how effective debt recovery strategies can transform your clients' business cash flow. This guide for accountants provides practical tips to enhance financial health and streamline debt recovery processes. - Published: 2023-12-21 - Modified: 2023-12-21 - URL: https://debt-claims.com/articles/the-impact-of-debt-recovery-on-business-cash-flow-insights-for-accountants/ - Categories: Articles, Blog In the dynamic world of business finance, the role of accountants extends beyond traditional bookkeeping and financial reporting. A critical aspect of this role involves advising clients on managing their cash flow, particularly through effective debt recovery strategies. Understanding the impact of debt recovery on business cash flow is essential for accountants who aim to guide their clients towards financial stability and growth. The Vital Link Between Debt Recovery and Cash Flow Cash flow, the lifeblood of any business, can significantly affect how a company manages its receivables. Outstanding debts can tie up essential funds, hindering a business's ability to invest, pay bills, and grow. Effective debt recovery strategies ensure that these funds are recouped on time, directly improving cash flow and the business's overall financial health. Strategies for Effective Debt Recovery Prompt Invoicing and Follow-Up: Encourage clients to invoice promptly and follow up on overdue payments. Timely invoicing and consistent follow-up can significantly reduce the duration of outstanding debts. Implementing Clear Credit Policies: Assist clients in developing clear credit policies. This includes setting terms for credit sales and establishing criteria for extending credit to customers. Utilising Technology: Advise clients to use technology, such as the Debt-Claims Solicitors online portal, to streamline their debt recovery process. These platforms can automate reminders, track outstanding debts, and provide real-time updates on the status of receivables. Negotiating Payment Plans: When customers struggle to pay, negotiating payment plans can be a viable strategy. This approach ensures a steady cash inflow and maintains customer relationships.... --- > Uncover the pivotal role of accountants in the debt recovery process. This blog offers strategic insights and solutions for accountants to assist their clients in managing and recovering debts effectively. - Published: 2023-12-21 - Modified: 2023-12-21 - URL: https://debt-claims.com/articles/exploring-the-role-of-accountants-in-debt-recovery-strategies-and-solutions/ - Categories: Articles, Blog In the intricate world of financial management, accountants play a vital role, particularly in the debt recovery process. This aspect of financial management is often overlooked, yet it is crucial for maintaining businesses' financial health and sustainability. This blog explores accountants' significant role in the debt recovery process and the strategies and solutions they can employ to assist their clients effectively. The Accountant's Role in Debt Recovery Accountants are not just number crunchers; they are strategic advisors who can guide businesses through the complexities of debt recovery. Their role involves: Assessing Financial Health: Accountants analyse a company's financial statements to identify areas where debt recovery can improve cash flow and overall financial health. Developing Debt Recovery Strategies: Based on their analysis, accountants can develop tailored debt recovery strategies that align with the company's financial goals and capabilities. Advising on Best Practices: They provide advice on best practices in debt management, from invoicing promptly to following up on overdue accounts. Strategies for Effective Debt Recovery Proactive Debt Management: Encourage clients to take a proactive approach to debt management. This includes regular monitoring of accounts receivable and early intervention when payments are overdue. Implementing Efficient Systems: Advise on implementing efficient systems for tracking and managing debts. This can include using specialised software or platforms like the Debt-Claims Solicitors online portal, which streamlines the debt recovery process. Negotiation and Communication Skills: Accountants can assist in negotiating payment terms with debtors. Effective communication is crucial in finding mutually agreeable solutions that ensure timely payment... --- > Gain essential insights into how insolvency practitioners can manage set asides in bankruptcy with our expert guide. Learn how complexities are managed , enhancing your knowledge of debt recovery. - Published: 2023-12-21 - Modified: 2023-12-21 - URL: https://debt-claims.com/articles/set-asides-in-bankruptcy/ - Categories: Articles, Blog Understanding the nuances of set asides in bankruptcy and how an insolvency practitioner can assist is crucial for creditors. These legal provisions can significantly alter the course of a bankruptcy case, impacting all parties. This blog provides a comprehensive overview of set asides in the context of bankruptcy. Understanding Set Asides in Bankruptcy Set asides in bankruptcy refer to the legal process of invalidating certain transactions made prior to the bankruptcy filing. These can include payments or property transfers deemed unfair or prejudicial to the general body of creditors. Recognising and addressing these transactions is a key responsibility of insolvency practitioners. The Legal Framework for Set Asides The legal basis for set asides is grounded in bankruptcy law, which aims to ensure equitable treatment of all creditors. Laws typically specify the conditions under which transactions can be set aside, such as fraudulent conveyances or preferential payments made shortly before bankruptcy. Identifying Potential Set Asides Analysing Transactions: Insolvency practitioners must scrutinise transactions made before the bankruptcy filing, looking for any that might be unfair or detrimental to creditors. Understanding Legal Criteria: Familiarity with the legal criteria for set asides is essential. This includes understanding what constitutes a preferential payment or a fraudulent transfer. Consulting with Legal Experts: In complex cases, consulting with legal experts who specialise in bankruptcy law can provide valuable insights and guidance. Challenges in Dealing with Set Asides Managing set asides in bankruptcy presents several challenges: Determining Validity: Deciding whether a transaction should be set aside requires careful... --- - Published: 2023-12-21 - Modified: 2024-01-16 - URL: https://debt-claims.com/articles/what-is-a-settlement-offer-in-insolvency/ - Categories: Articles, Blog Debt settlement in the context of insolvency is a complex and nuanced process that involves negotiations between creditors and debtors to reach a mutually agreeable resolution for the repayment of outstanding debts. In England and Wales, insolvency law provides various mechanisms for individuals and businesses facing financial distress to address their debt-related challenges. One of the avenues for resolving these issues is through debt settlement offers, which can be an essential component of the insolvency landscape. Insolvency can take different forms, including bankruptcy, individual voluntary arrangements (IVAs), and company voluntary arrangements (CVAs). Debt settlement offers may be relevant in these scenarios, offering a structured approach to managing and ultimately reducing the amount of debt owed. Understanding Debt Settlement Offers: Debt settlement offers, also known as debt settlements or debt negotiation, involve proposing an alternative payment arrangement to creditors that typically entails paying a lump sum that is less than the total outstanding debt. This process is often employed when the debtor is unable to meet the full financial obligations outlined in the original credit agreements. In the context of insolvency, debt settlement offers can be presented during insolvency proceedings such as IVAs and CVAs. These proposals aim to provide a viable and realistic solution for debtors to regain control of their financial situation while offering creditors the opportunity to recoup a portion of the outstanding debt. Individual Voluntary Arrangements (IVAs): IVAs are a formal, legally binding agreement between a debtor and their creditors. In an IVA, a licensed insolvency practitioner... --- > Discover key insights on legal cost guidance and efficient debt recovery with Debt-Claims, aligning with the latest ethical standards. - Published: 2023-12-04 - Modified: 2023-12-04 - URL: https://debt-claims.com/articles/navigating-debt-recovery-in-light-of-updated-guidance-on-legal-costs/ - Categories: Articles, Blog In the ever-evolving landscape of debt recovery and legal services, it is crucial for businesses to stay informed about the latest guidelines and best practices. A recent article on www. civillitigationbrief. com highlights the updated guidance from the Legal Ombudsman on good costs service, which is particularly relevant for businesses engaged in debt recovery, including those using services like Debt-Claims. Understanding the Updated Guidance The updated guidance focuses on three key principles: No Surprises in Billing: Clients should never be taken aback by the fees they are charged. This principle emphasises the importance of transparency in legal billing. Clear Communication of Charges: Any future or present charges should be clearly communicated to the client as early as reasonably possible. Accurate Record-Keeping: Maintaining clear and accurate records of all cost information, including client confirmations that they understand what they will be charged, is essential. These principles are essential for ensuring fair and transparent dealings between Solicitors and their clients, especially in matters like debt recovery where legal intervention is often required. The Importance of Informed Consent and Accurate Record-Keeping Informed consent and accurate record-keeping are pivotal. For instance, in a case cited on the Civil Litigation Brief, a firm successfully charged a client for the balance of costs not recovered from the losing side in a personal injury case. This was because the client had been clearly informed about this possibility and had consented to it. This highlights the need for debt recovery services to ensure clients are fully aware of... --- > Explore how AI is revolutionising debt recovery and how Debt-Claims is aligning with these advancements for more efficient, personalised debt collection strategies. - Published: 2023-12-04 - Modified: 2023-12-04 - URL: https://debt-claims.com/articles/embracing-ai-for-future-proof-debt-recovery/ - Categories: Articles, Blog In a world where digital transformation is revolutionising every industry, the debt recovery sector is no exception. A recent article on receeve. com emphasises how Artificial Intelligence (AI) is driving the future of debt collection, offering insights that are particularly relevant to Debt-Claims, the leading debt recovery portal backed by a fully-regulated law firm. AI: Transforming Debt Collection Improving Collection Rates with Data: AI harnesses data to identify trends and anomalies, enabling companies to optimise communication channels, messaging, timing, and tone. This data-driven approach, utilising minimax theory, helps in early identification of potential defaulters and in formulating targeted collection strategies. Personalising Customer Experiences: AI allows for the personalisation of debt recovery processes by analysing customer behaviours, demographics, and interactions. This enables more effective communication strategies, ensuring that the approach is tailored to individual customer profiles, thus enhancing the likelihood of debt recovery. Digitising and Automating Processes: The automation of debt collection processes, facilitated by AI, streamlines operations. This includes utilising technologies like smart SMS and QR codes for payments, making the process more customer-friendly and efficient. Enhanced A/B Testing for Strategy Optimisation: AI aids in conducting advanced A/B testing, analysing customer responses and behaviours to fine-tune debt collection strategies. This results in a more effective approach, tailored to specific customer personas. Aligning Debt-Claims with AI Advancements For Debt-Claims, integrating AI into its services would be a game-changer. By adopting AI-driven strategies, Debt-Claims would enhance its efficiency in recovering debts for businesses. This aligns with Debt-Claims' commitment to providing comprehensive, stress-free... --- - Published: 2023-12-04 - Modified: 2023-12-04 - URL: https://debt-claims.com/articles/a-case-study-of-effective-enforcement/ - Categories: Articles, Blog In this case study, we delve into a challenging scenario faced by us, highlighting our strategic approach in dealing with non-cooperative debtors. The case involves a debtor who consistently refused to engage with the client or us, leading to a more complex recovery process. Situation The debtor's refusal to engage or acknowledge the debt necessitated the issuance of a claim by us. Despite this escalation, the debtor responded with an unsubstantiated defence, complicating the process further. Strategy Faced with this situation, we opted for a proactive and cost-effective approach. We filed for a Summary Judgment application on behalf of the client. This strategic move aimed to minimise costs while striving for the desired outcome. Importantly, before proceeding with this legal action, the debtor was given multiple opportunities to settle the debt, which they ignored. Outcome The hearing resulted in the debtor's defence being struck out, as we anticipated. This outcome vindicated our strategic approach and demonstrated our commitment to efficiently resolving complex debt recovery cases. Our client is now exploring various enforcement options to recover the owed amount. This case exemplifies our expertise in handling challenging debt recovery cases. Our approach combines legal and commercial acumen with strategic enforcement options, ensuring the best possible outcome for our clients while minimising unnecessary costs. It underscores our commitment to providing comprehensive, efficient, and client-focused debt recovery solutions. Explore further how outsourcing debt recovery can benefit your business by visiting our online portal. --- > Discover Debt-Claims’ strategic success in a complex debt recovery case, showcasing our legal expertise and persistence. - Published: 2023-12-04 - Modified: 2023-12-04 - URL: https://debt-claims.com/articles/an-insolvency-practitioners-success/ - Categories: Articles, Blog In the realm of debt recovery, persistence and strategic legal manoeuvres often lead to successful outcomes. This case study exemplifies how Debt-Claims, backed by expert Solicitors, navigated through a complex debt recovery process. Background Our client, a property maintenance and aftersales business, had been pursuing a debtor for over six months for an outstanding debt. The journey began with a statutory demand issued through the Debt-Claims portal, followed by formal proceedings due to the debtor's non-compliance. The Legal Journey The debt was undisputed, and our client successfully obtained a County Court Judgment (CCJ) through our streamlined portal. The next step was High Court enforcement, a process that took several months but unfortunately did not yield the desired results. In this challenging scenario, our team advised the client to adopt a more aggressive legal strategy. Turning to Winding Up Proceedings Debt-Claims recommended pursuing a winding up petition, a powerful legal tool in debt recovery. This approach was based on the understanding that it could potentially facilitate the recovery of funds. During the winding up petition, the debtor initiated settlement negotiations. However, these discussions did not lead to favourable terms for our client. Successful Outcome At the winding up hearing, we achieved a significant victory: the Court granted a winding up order. This outcome marked a pivotal turn in the case, demonstrating the effectiveness of the chosen legal strategy. Current Status The matter is now with our insolvency partner for administration, a crucial phase where we expect further progress in recovering the... --- > Explore a comprehensive glossary of UK debt recovery terms, from 'CCJ' to 'Winding up Order', to navigate the complexities of debt recovery efficiently. - Published: 2023-12-04 - Modified: 2023-12-04 - URL: https://debt-claims.com/articles/navigating-the-language-of-debt-recovery-in-the-uk-a-comprehensive-glossary/ - Categories: Articles, Blog Understanding the terminology used in debt recovery in the UK is essential for businesses and individuals navigating this complex field. This comprehensive glossary, drawing insights from Debt-Claims and Advocate's Debt Recovery Glossary, demystifies key terms and concepts. Key Terms in Debt Recovery Acid Test Ratio: A financial metric used to evaluate a company's ability to meet its short-term obligations. In debt recovery, this ratio can help in formulating repayment plans . Agent: A person authorised to act on behalf of another, legally binding the principal by their actions. This is important in debt collection where agents may be used to recover debts . Annual Return: A summary of a company’s financial activity over a year, submitted to Companies House. This document is crucial for collectors in assessing a company's financial health . Bankruptcy: Where a person cannot pay debts owed and is declared bankrupt by the Court. This process can be voluntary or done at the request of a creditor and the debtors assets will be sold by the Reciever to repay creditors . Bill of Exchange: A written order used mainly in international trade that binds one party to pay a fixed sum of money to another party on demand or at a predetermined date. . County Court Judgment (CCJ): A judgment from a County Court that confirms a debt is owed. It is a critical step in formal debt recovery . Charging Order: A court order that attaches a debt to an asset owned by the debtor, for... --- - Published: 2023-12-04 - Modified: 2023-12-04 - URL: https://debt-claims.com/articles/understanding-the-impact-of-the-economic-crime-and-corporate-transparency-act/ - Categories: Articles, Blog The Economic Crime and Corporate Transparency Act 2023 (ECCTA 2023) marks a significant milestone. Designed to fortify transparency and enforcement mechanisms, the Act builds upon the foundations laid by the Economic Crime (Transparency and Enforcement) Act 2022. This legislation introduces substantial changes for UK companies, reshaping various facets of corporate compliance and information disclosure. Key Objectives of ECCTA 2023: Empowered Registrar: The bill expands the powers of the Registrar of Companies House, enabling more robust scrutiny over company creation. This includes new authority to assess, remove, or reject information on the companies register. Enhanced Financial Transparency: Striving for improved financial information on the register, the act aims to facilitate greater transparency, aiding informed business decisions. Strengthened Investigation and Enforcement: Companies House gains augmented powers for investigating and enforcing regulations. The bill introduces enhanced cross-checking of data with other public and private entities when anomalous filings or suspicious behaviour is detected. Personal Information Safeguards: Heightened measures will be implemented to safeguard personal information submitted to Companies House, aiming to mitigate fraud and related risks. Continue reading to grasp the implications of the Economic Crime and Corporate Transparency Act 2023 for your company. Anticipated Changes for Companies New Record-Keeping Requirements: Companies now face the obligation of recording individual members' forenames, surnames, and service addresses in the register of members. Traded and non-traded companies must submit a one-off confirmation statement with specific membership details to Companies House. Criminal sanctions await members failing to update their details within two months, raising concerns about the... --- > Reclaim your funds with Click, the top debt recovery portal in the UK. Supported by experienced solicitors. Explore our services. - Published: 2023-10-03 - Modified: 2023-10-03 - URL: https://debt-claims.com/articles/recover-your-money-with-click-the-leading-debt-recovery-portal-from-debt-claims-solicitors/ - Categories: Articles, Blog Time is money, and when you're running a business, unpaid debts can be a significant drain on your resources. That's where Debt-Claims Solicitors comes in. We are a leading debt recovery law firm specialising in comprehensive, stress-free debt recovery services. With our expert team and best-in-class technology, we offer a robust success rate in resolving disputes and recovering your money. The Ease of Using the Debt-Claims Portal: Click and Recover Click: Your One-Stop Debt Recovery Solution Our revolutionary portal, Click, makes debt recovery as simple as it gets. Forget about cumbersome paperwork and endless back-and-forth processes. With Click, you can send a Letter Before Action by post and/or email starting from as little as £12. 50. Yes, you read that right. £12. 50! Late Payment Demand: Fast, Easy, and Affordable But that's not all. You can also send a Late Payment Demand by email with pricing starting at an astonishing £2. 50. No hidden costs, no fine print, just straightforward, transparent pricing. The Debt-Claims Advantage Expertise in Various ADR Methods Alternative Dispute Resolution (ADR) is often a quicker and more cost-effective way to resolve debt-related disputes. Our fully-qualified team is highly experienced in various ADR methods, including negotiation, mediation, adjudication, and arbitration. Transparent Cost Management It is natural to worry about the cost of litigation. At Debt-Claims, we provide complete transparency around the cost of our service and how much we estimate you will need to spend to take your case to court. Furthermore, we will be 100 percent upfront... --- > Understand debt recovery legal procedures in the UK with Debt-Claims. Our authoritative guide provides clarity on complex legalities. - Published: 2023-10-03 - Modified: 2023-10-03 - URL: https://debt-claims.com/articles/debt-recovery-legal-procedures-in-the-uk-an-expert-overview/ - Categories: Articles, Blog If you are owed money by someone in the UK, you may be wondering how you can legally recover it. The UK debt recovery process can be complex, but there are several steps you can take to increase your chances of success. In this article, we will provide an overview of the legal procedures for debt recovery in the UK. We will discuss the different stages of the process, the costs involved, and the factors that can affect the outcome. The Stages of Debt Recovery The debt recovery process in the UK can be divided into three main stages: Pre-action stage this stage involves taking steps to collect the debt without going to court. This may include sending a Letter Before Action, which is a formal warning to the debtor that you are considering taking legal action. Court proceedings -if the debtor does not pay after receiving a Letter Before Action, you may need to take action to get a County Court Judgment (CCJ). This will involve filing a claim and attending a hearing. Enforcement of judgment -if you are successful obtaining a CCJ, you can apply to the Court to have the judgment enforced. The Court can order the debtor to provide evidence as to what they can afford to pay, send bailiffs around to collect the money, have money deducted from the debtor’s wages or salary, or make a Charging Order over the debtor’s property. Debtors based in the United Kingdom, but outside of England and Wales (i.... --- > Accelerate your business debt recovery process with Debt-Claims. Our platform “Click” enables you to recover your debt quickly. - Published: 2023-10-03 - Modified: 2023-10-03 - URL: https://debt-claims.com/articles/business-and-consumer-debt-recovery-process-with-debt-claims-fast-transparent/ - Categories: Articles, Blog In the business world, time is of the essence. Unpaid debts can not only disrupt your cash flow but also consume valuable time and resources. That's why you need a debt recovery process that is both fast and transparent. Enter Debt-Claims, your go-to solution for business and consumer debt recovery. Speed: Because Every Minute Counts A Letter in Minutes, Not Days One of the first steps in debt recovery is sending a Letter Before Action to the debtor. With Debt-Claims, this crucial step can be executed in just a few clicks. No more waiting for days to get the ball rolling. Our state-of-the-art portal ‘Click’ allows you to initiate the process swiftly, ensuring that your debtor knows you mean business. Fast-Track to Legal Proceedings If the Letter Before Action doesn't yield results, we waste no time in moving to the next steps. Our Pre-Action efforts are initiated promptly through “Click”, ensuring that your case doesn't linger in legal limbo. Quick Enforcement Actions Can this be through the portal? Our team is skilled in various enforcement methods, from Bailiff visits through to insolvency petitions , we act quickly to ensure compliance with judgments. Transparency: No Hidden Costs Clear Pricing Structure Our pricing is as transparent as it gets. We provide a clear breakdown of costs, so you know exactly what you're paying for. No hidden fees, no surprises. You can find our price list here. We also offer a free consultation so you can get a personalised assessment of your debt... --- > Selecting commercial debt recovery services? Debt-Claims offers expert tips to find the perfect fit. Leverage our 30 years of experience. - Published: 2023-10-03 - Modified: 2023-10-03 - URL: https://debt-claims.com/articles/choosing-the-right-commercial-debt-recovery-services-tips-from-debt-claims/ - Categories: Articles, Blog When it comes to commercial debt recovery, the stakes are high. Your business's financial health is on the line, and you can't afford to make mistakes. That's why choosing the right debt recovery services is crucial. At Debt-Claims, we've been in the business long enough to know what works and what doesn't. Here are some indispensable tips to guide you in making the right choice. 1. Comprehensive Services The first thing you need to look for is a comprehensive range of services. From sending a 'Letter Before Action' to initiating ‘Legal Proceedings,' and even 'Enforcement,' your chosen service provider should cover all the bases. At Debt-Claims, we offer a full spectrum of services, ensuring that you don't have to go elsewhere for different stages of debt recovery. 2. Expertise in Dispute Resolution Sometimes, debt recovery isn't straightforward. Disputes can arise, and you need a service that's adept at resolving these efficiently. Whether it's through Alternative Dispute Resolution (ADR) methods like negotiation and mediation or through formal litigation, the service you choose should have a robust success rate in resolving disputes. 3. Transparent Costs Debt recovery can become a costly affair, especially if it leads to court proceedings. Choose a service that provides a clear estimate of the costs involved. At Debt-Claims, we offer transparent pricing, ensuring you're never caught off guard. 4. Technological Edge In today's digital age, technology plays a pivotal role in efficient debt recovery. From state-of-the-art portals to API integrations, your chosen service should leverage technology to... --- > Experience bespoke company debt recovery with Debt-Claims. Our intuitive portal and UK based solicitors are ready to assist your unique needs. - Published: 2023-10-03 - Modified: 2023-10-03 - URL: https://debt-claims.com/articles/company-debt-recovery-solutions-tailored-for-you-by-debt-claims/ - Categories: Articles, Blog When it comes to debt recovery, one size does not fit all. Every business has its unique challenges and requirements, and that's why Debt-Claims offers tailored solutions that fit your specific needs. Here's why our approach is the best in the industry. Fixed and Flexible Pricing We understand that cost is a significant concern for any business. That's why we offer both fixed and flexible pricing options. Starting from as low as £12. 50 for a Letter Before Action to £85 to begin Court Proceedings, we provide cost-effective solutions that don't compromise on quality. Our highly skilled team is always available to guide you through the pricing that applies to your specific claim. Comprehensive Services Debt recovery is a multi-step process, and we've got you covered at every stage. From sending the initial Letter Before Action to initiating Legal Proceedings and even Enforcement, we offer a comprehensive range of services. You don't have to juggle multiple service providers; we are your one-stop-shop for all your debt recovery needs. Expertise in Dispute Resolution Debt recovery is not always a straightforward process. Disputes can arise, and when they do, you need a team that can handle them expertly. We offer both Alternative Dispute Resolution (ADR) and formal litigation services. Our experienced team are well-equipped to advise and represent you, giving you the best chance of achieving a swift and favourable resolution. Cutting-Edge Technology Technology can make or break your debt recovery efforts. We offer a state-of-the-art portal and API integrations that make... --- > Learn the legalities of debt recovery with Debt-Claims' expert analysis. Ensure compliance and effectiveness in reclaiming your funds. - Published: 2023-10-03 - Modified: 2023-10-03 - URL: https://debt-claims.com/articles/legal-aspects-of-debt-recovery-a-detailed-analysis-by-debt-claims/ - Categories: Articles, Blog Navigating the legal landscape of debt recovery can be a daunting task. However, with Debt-Claims by your side, you can rest assured that you're in capable hands. We offer a comprehensive suite of services that are not only effective but also legally sound. Here's a detailed analysis of the legal aspects of debt recovery and why Debt-Claims should be your go-to solution. Personal Guarantees: A Double-Edged Sword Personal Guarantees (PGs) are contracts that hold an individual responsible for another party's liabilities. While PGs offer an additional layer of security to suppliers or lenders, they come with their own set of challenges. The construction of the PG can vary, affecting how and when a creditor can take action. At Debt-Claims, we offer expert advice on crafting PGs that are legally robust and effective. Trading Names: The Legal Implications When dealing with businesses that operate under trading names, it's crucial to understand who the actual contracting party is. Failure to do so can lead to legal complications. Debt-Claims ensures that all legal documents are meticulously drafted to avoid any ambiguity, thereby safeguarding your interests. The Importance of Pre-Action Legal Proceedings Before diving into court proceedings, it's essential to exhaust all pre-action legal avenues. This not only demonstrates your commitment to resolving the issue amicably but also fulfils legal requirements. Debt-Claims offers a range of pre-action legal services, including sending a Letter Before Action. Insolvency and Liquidation: The Last Resort Insolvency proceedings are often the last resort in debt recovery. The process is... --- > Explore how Debt-Claims' commercial debt recovery services deliver fast results in the UK. Benefit from our 30 years of expert experience. - Published: 2023-08-22 - Modified: 2023-08-22 - URL: https://debt-claims.com/blog/navigating-commercial-debt-recovery-services-in-the-uk/ - Categories: Articles, Blog Commercial debt recovery challenges almost all companies, regardless of their size and market sector. The process can be complex, time-consuming, and expensive, draining resources that could be used in productive areas such as customer experience and product innovation. However, with the right approach and expertise, it is possible to streamline the debt recovery process. Debt-Claims is a leading online business debt recovery portal in the UK, offering comprehensive, stress-free solutions backed by over 30 years of experience. In this article, we will explore how Debt-Claims delivers fast results for UK businesses dealing with outstanding customer invoices. Comprehensive Solutions for Your Business 1. Tailored Debt Recovery Services At Debt-Claims, we understand that every debt recovery case is unique. Our professional, bespoke digital business debt recovery processes provide an end-to-end solution that is convenient and simple to use. Whether it is a Late Payment Demand for as little as £2. 50 or a Letter Before Action for £12. 50, our services are tailored to meet your organisation’s specific needs. 2. Experienced Team of Specialists With over 30 years of collective experience in commercial and private debt collection, our specialist team of Debt Recovery Solicitors is best placed to handle all aspects of your case. We act swiftly and with integrity and diligence, ensuring the impact on your day-to-day business operations are minimised. 3. Cost-Effective Approach Legal action can be expensive, but not with Debt-Claims. We have developed a digitised process that ensures users have the knowledge and ability to provide the right... --- > Debt-Claims, a leading business to business collection agency in the UK, guarantees swift & efficient recovery. Explore our tailored solutions - Published: 2023-08-22 - Modified: 2023-08-22 - URL: https://debt-claims.com/blog/business-to-business-collection-agency-why-choose-debt-claims/ - Categories: Articles, Blog Collecting unpaid debt is one of the most stressful tasks a business owner has to deal with. Debt-Claims, a leading business to business collection agency in the UK, stands out as a beacon of efficiency and effectiveness in this field. Our portal makes the process simple, cost-effective, and stress-free. Here is why choosing Debt-Claims for your debt recovery needs is a positive decision for your business. 1. Experienced Team of Specialists With over 30 years of collective experience in commercial and private debt collection, our team at Debt-Claims is best positioned to handle all aspects of your case. We save you time and minimise the impact on your day-to-day business operation. Being fully regulated by the SRA, we guarantee a service that is ethically and morally sound and within the confines of UK debt recovery law. 2. Cost-Effective Solutions Our online business debt recovery services are designed to be affordable without compromising on quality. We have developed a digitised process that helps clients provide the right information first time and on time, saving costs. Our processes are continually evaluated and improved for the benefit of our clients. 3. Results-Driven Approach At Debt-Claims, the value of the sum recovered is not our focus – each debt recovery is treated with the same level of dedication and professionalism. Our service standards are high, as is our success rate. Once your monies have been recovered, we stay in touch to provide legal advice that will help you prevent any further business problems. 4.... --- > For efficient company debt recovery, trust Debt-Claims. Our expert team and transparent pricing ensure a robust solution for your business. - Published: 2023-08-22 - Modified: 2023-08-22 - URL: https://debt-claims.com/blog/company-debt-recovery-with-debt-claims-your-trusted-partner/ - Categories: Articles, Blog In the complex landscape of business finance, unpaid debts can become a significant hindrance to growth and sustainability. When traditional methods of recovery fail, it is time to turn to a specialist. Debt-Claims, with over 30 years of collective experience in commercial and private debt collection, stands by your side as a trusted partner in company debt recovery. Here is why partnering with us is the solution to your debt recovery challenges. 1. Tailored Debt Recovery Services Every business is unique, and so are its debt recovery needs. At Debt-Claims, we offer bespoke digital business debt recovery processes that provide a comprehensive end-to-end solution. Whether it is a Late Payment Demand for as little as £2. 50 or a £12. 50 Letter Before Action, our services are customised to meet your specific requirements. 2. Experienced Team of Debt Recovery Specialists With over 30 years of collective experience in commercial and private debt collection, our team is best placed to handle all aspects of your case, saving you time and minimising the impact on your day-to-day business operations. Debt-Claims is fully regulated by the SRA, ensuring a service that is ethically and morally sound and within the confines of UK debt recovery law. 3. Cost-Effective Approach Our digitised approach to debt recovery means that, as a business owner, you do not have to direct valuable resources into collecting unpaid invoices. Debt-Claims is fast, effective, and intuitive to use and is deliberately designed to ensure big results for minimum cost. 4. Results-Driven... --- > Discover how Debt-Claims online debt collection services leverage technology for faster recovery. An intuitive portal backed by real solicitors. - Published: 2023-08-22 - Modified: 2023-08-22 - URL: https://debt-claims.com/blog/online-debt-collection-services-how-technology-enhances-recovery/ - Categories: Articles, Blog Debt-Claims is a cutting-edge online business portal that specialises in debt recovery. With a team of expert debt recovery specialists, Debt-Claims offers a comprehensive solution for both people and businesses. What is Debt Recovery? Debt recovery is the process of pursuing unpaid debts from individuals or businesses. It is a critical aspect of financial management, ensuring that owed money is collected efficiently. Importance of Online Debt Collection In today's digital age, online debt collection has become a vital tool. It offers speed, efficiency, and convenience, making the recovery process smoother for both the creditor and debtor. It is also significantly more cost effective when compared with manual debt collecting practices. How Technology is Changing Debt Recovery Technology is revolutionising the way debt recovery is handled. Let us explore some key aspects: Automation in Debt Recovery: Automation streamlines the debt recovery process, reducing manual work and human error. It allows for faster and more accurate collection, enhancing overall efficiency. AI and Machine Learning: AI and machine learning provide intelligent solutions for debt recovery. They analyse data patterns, predict debtor behaviour, and optimise collection strategies. Real-Time Tracking and Reporting: With technology, creditors can track the progress of debt recovery in real time. Detailed reporting offers insights and transparency, ensuring that the process is under control. Benefits of Partnering with Debt-Claims Debt-Claims offers unique advantages for those seeking debt recovery solutions: Tailored Approach - Every business is unique, and everyone on our team understands this fact. We offer a tailored approach to suit... --- > Debt-Claims, the go-to debt collection law firm for small business in the UK. Cost-effective and easy to use. Start your recovery journey now. - Published: 2023-08-22 - Modified: 2023-08-22 - URL: https://debt-claims.com/blog/debt-collection-agency-for-small-business-get-started-with-debt-claims/ - Categories: Articles, Blog In the fast-paced world of business, stable cashflow is king. For SMEs in particular, unpaid debts can create a crippling bottleneck that hampers growth and sustainability. The team at Debt-Claims understands this challenge and offers a comprehensive solution tailored to meet the needs of small businesses. With a team of specialist Debt Recovery Solicitors, we provide a seamless and efficient process to recover your money. The Debt-Claims Approach 1. Letter Before Action Before diving into legal proceedings, Debt-Claims empowers you to send a formal Letter Before Action to the debtor. This step often leads to prompt payment, saving time and legal costs. 2. Pre-Action Legal Proceedings If the initial letter does not resolve the issue, the online portal helps you prepare for legal action, ensuring that all necessary documents, meticulously checked by our qualified team are in place. 3. Enforcement If the Court issues a CCJ, we can advise you on enforcement options to ensure the judgment is complied with. 4. Insolvency If the debtor is insolvent, we take appropriate measures to recover as much of the debt as possible. 5. Late Payment Law and Dispute Resolution Our team is highly qualified and experienced in late payment law and provides dispute resolution services in complex cases. Why Use Debt-Claims? Tailored Approach -We understand that every business is unique, and we offer a tailored approach to meet your specific needs. Discounted Fees - Based on the volume of claims, we provide discounted fees to make our services affordable for small businesses.... --- > Learn what to expect from a debt collection agency for business. Debt-Claims provides an authoritative guide to ensure you're well-informed. - Published: 2023-08-22 - Modified: 2023-08-22 - URL: https://debt-claims.com/blog/debt-collection-agency-for-small-business-what-to-expect/ - Categories: Articles, Blog SMEs often face the challenge of unpaid invoices and overdue accounts. This can lead to cash flow problems, hindering growth and even threatening the survival of the business. Engaging with a debt collection agency like Debt-Claims can be a game-changing decision. Here is what to expect when you choose to work with a professional debt collection agency for your business. 1. A Tailored Approach to Your Business Every business is unique, and so are its debt recovery needs. Debt-Claims offers a tailored approach to suit the specific requirements of your business. Whether it is a one-time debt recovery or an ongoing partnership, the team at Debt-Claims will work closely with you to understand your needs and provide customised solutions. 2. Professional Debt Recovery Services Debt-Claims offers a range of services to assist with debt recovery: Letter Before Action: A formal notice to the debtor, outlining the debt and the actions that will be taken if payment is not made. Pre-Action Legal Proceedings: If the debtor fails to respond, legal proceedings can be initiated. Enforcement: Taking legal action to enforce a judgment. Insolvency: Handling cases where the debtor is insolvent. These services are backed by a team of specialist Debt Recovery Solicitors, ensuring that your case is handled with the utmost professionalism. 3. Partnership Opportunities Debt-Claims offers partnership opportunities to various organisations, including accountancy firms, debt collection agencies, and lease companies. This can be a revenue-generating service or a way to improve internal efficiency, positively impacting your bottom line. 4. Case... --- > As a business, knowing when to write off debt is a critical decision that can affect your financial stability. Read more. - Published: 2023-07-18 - Modified: 2023-09-08 - URL: https://debt-claims.com/articles/when-to-write-off-debt-considerations-for-businesses/ - Categories: Articles, Blog As a business, knowing when to write off debt is a critical decision that can affect your financial stability. In some cases, it may be necessary to write off debt to prevent further losses and focus on new revenue streams. However, it is essential to approach this decision with careful consideration and a thorough understanding of the potential consequences. One factor to consider when deciding whether to write off debt is the length of time that the debt has been outstanding. If a debt has been unpaid for a long time, it may be time to consider writing it off as uncollectible. Other factors to consider include the debtor's financial situation, the likelihood of recovering the debt, and the potential legal costs associated with recovery. Debt-Claims is a powerful tool that can help businesses manage their debt recovery process efficiently. The platform provides businesses with access to legal documentation and pre-action letters that can be customized to fit their specific needs. While dispute resolution is not offered, businesses can still benefit from pre-legal documents that have been drafted to be bespoke, specific, and legally compliant, such as Late Payment Demand and Letter Before Action, which cost £2. 50 and £12. 50 respectively! Using Debt-Claims can help businesses stay organized and on top of their debt collection efforts. By automating many of the tasks associated with debt recovery, businesses can save time and reduce the likelihood of errors. Additionally, the platform's legal expertise and industry knowledge can help businesses navigate the... --- > The Slip Rule is a valuable tool for ensuring that judgments and orders accurately reflect the intentions of the court. Read more. - Published: 2023-07-04 - Modified: 2023-09-08 - URL: https://debt-claims.com/articles/understanding-the-slip-rule-in-the-cpr/ - Categories: Articles, Blog The Civil Procedure Rules (CPR) have undergone a number of changes since their introduction in 1999. One of the most important changes has been the introduction of the Slip Rule, which allows courts to correct typographical errors and accidental omissions in judgments and orders. The Slip Rule is contained in CPR 40. 12 and CPR PD 40B, paras 4. 1 and 4. 5, and has been the subject of a number of cases in recent years. The Slip Rule is a valuable tool for ensuring that judgments and orders accurately reflect the intentions of the court. It allows for minor errors to be corrected quickly and easily, without the need for costly and time-consuming appeals or applications for a variation of the judgment or order. However, the Slip Rule should not be used to make substantive changes to the judgment or order, and parties should exercise caution when applying for its use. One recent case that highlighted the importance of the Slip Rule was Smith v Bailey EWHC 186 (Ch), where a typographical error in a court order led to confusion and uncertainty about the parties' obligations. The court used the Slip Rule to correct the error, which helped to resolve the dispute quickly and avoid the need for further litigation. Another important case involving the Slip Rule was Avonwick Holdings Ltd v Azitio Holdings Ltd EWHC 3255 (Comm), where the court refused to use the Slip Rule to correct a mistake made by the claimant in the pleadings. The... --- > Insolvency proceedings can seem a daunting for individuals or businesses who have not yet explored the benefits of recovering debt via insolvency proceedings. - Published: 2023-06-20 - Modified: 2023-09-08 - URL: https://debt-claims.com/articles/serving-legal-papers-a-comprehensive-guide/ - Categories: Articles, Blog Insolvency proceedings can seem quite daunting for individuals or businesses who have not yet explored the benefits of recovering debt via insolvency proceedings. Bankruptcy petitions and winding-up petitions are a powerful tool for creditors that are seeking to recover debts owed to them. Insolvency proceedings are usually last resort when all other attempts to recover the debts have failed. The process of filing bankruptcy or winding-up petitions is regulated by the Insolvency Act 1986 and the Insolvency (England and Wales) Rules 2016. In this article, we’ll take a deep dive in to what these proceedings are and what they can offer. A bankruptcy petition is a process which can be initiated by a creditor to force an individual into bankruptcy. In order to file a bankruptcy petition, the creditor must be owed at least £5,000 and the debt must be unsecured. The first step to take in this process is to issue a statutory demand. If the debtor failed to pay the debt within 21 days of receiving the statutory demand, the creditor can then file a bankruptcy petition with the court. In most cases this will be enough to get the debtor to make a payment or seek a settlement. At Debt-Claims we provide our clients with bespoke specific statutory demand letters to serve on their debtors. Following the filing of the bankruptcy petition, the court will review the petition and, if they are satisfied that the debtor is unable to pay it’s debts, a bankruptcy order will be... --- > Interest rates are an essential component of the financial system, determining the cost of borrowing money and influencing spending decisions. Read more. - Published: 2023-06-06 - Modified: 2023-09-08 - URL: https://debt-claims.com/articles/overcoming-interest-rates-and-recovering-your-debts/ - Categories: Articles, Blog Interest rates are an essential component of the financial system, determining the cost of borrowing money and influencing spending decisions. However, they can also have a significant impact on businesses and individuals who are trying to recover debts. The history of claimable interest in the UK can be traced back to the County Courts Act of 1984. This act allowed businesses to claim interest on unpaid debts at a rate of 8% per annum, which was based on the prevailing Bank of England base rate at the time. This was a significant change in the law, as prior to this, interest could only be claimed if it had been specifically agreed upon in the contract. The Late Payment of Commercial Debts Act of 1998 further strengthened the ability of businesses to claim interest on overdue debts. This act provided a statutory right to claim interest on late payments, allowing businesses to charge interest at a rate of 8% above the Bank of England base rate. This was a major development, as it meant that businesses no longer had to negotiate interest rates with their debtors and could instead rely on the statutory rate. However, the rise and fall of interest rates have a significant impact on the ability of businesses to recover debts. When interest rates are low, businesses may be less inclined to pursue legal action to recover debts as the cost of borrowing money is relatively low. However, when interest rates rise, the cost of borrowing money increases,... --- > “An oral contract is not worth the paper it is written on” is generally sound advice. Although purely oral contracts are valid, they are harder to prove. - Published: 2023-05-23 - Modified: 2023-08-30 - URL: https://debt-claims.com/articles/do-i-need-a-written-contract/ - Categories: Articles, Blog The witticism “an oral contract is not worth the paper it is written on” is generally sound advice. Although purely oral contracts are valid, they are harder to prove in the event of a dispute. It makes obvious and sound commercial sense to confirm a verbal contract in writing, whether made on the phone or by any other conversation, by means of an email or letter addressed to the customer setting out what had been agreed verbally. From an evidential viewpoint in the event of a dispute, it would be difficult for the customer to credibly deny what they had agreed to when given the opportunity to respond to a confirmation letter. In effect, many contracts formed in this way are partly verbal and partly in writing. When a court has to determine the terms of an oral contract it is a question of fact. Establishing the facts would usually depend on the recollections of the parties and their witnesses. Generally, where each party disputes the accuracy of the other’s view, the court is able to consider evidence of what the parties had done and said after the agreement was made. In a wholly written contract such evidence would be inadmissible. One of the key elements for an enforceable contract is certainty of terms along with offer, acceptance, consideration and an intention to create legal relations. This concept of certainty of terms arises frequently in disputes. Bear in mind when negotiating with customers to avoid making an enforceable contract accidentally,... --- > Streamline the ebt collection process, increase efficiency, and ultimately boost your cashflow through our Debt-Claims portal. Read more. - Published: 2023-05-09 - Modified: 2023-09-08 - URL: https://debt-claims.com/articles/maximizing-cashflow-how-debt-claims-can-help/ - Categories: Articles, Blog Debt collection is a notoriously difficult and time-consuming process that businesses face regularly. It is an unavoidable part of running a business, and unfortunately, unpaid debts can harm cash flow, prevent growth, and reduce profitability. However, Debt-Claims provides businesses with a new approach to debt collection that can streamline the process, increase efficiency, and ultimately boost your cashflow through our Debt-Claims portal. Debt collection has always been an essential aspect of running a business, but it is often a thankless task that nobody wants to deal with. Sending out reminders, chasing up invoices, and dealing with late payments are all part of the process, but they can take valuable time away from other tasks that need to be done. This is where Debt-Claims comes in, providing businesses with an effective solution to their debt collection needs. Debt-claims is a platform that was designed specifically for business owners and debt collectors to assist in the prompt collection of outstanding debts. It allows businesses to automate their debt collection protocols and procedures, enabling them to quickly create and distribute necessary documents such as Late Payment Demands and Letters Before Action. Unlike other debt collection services, Debt-Claims was developed by lawyers who understand how to get debtors to respond effectively and maximize the chances of recovery. One of the most significant benefits of using Debt-Claims is its user-friendly interface. The website has been designed to be easy to use, even for those who are not familiar with legal procedures. Once businesses register for... --- > Efficient service for claim form delivery to individuals in Scotland and Northern Ireland. Learn more. - Published: 2023-04-25 - Modified: 2023-08-29 - URL: https://debt-claims.com/articles/service-of-a-claim-form-on-individuals-in-scotland-or-northern-ireland/ - Categories: Articles, Blog We occasionally receive queries from clients who have contracted with individuals who were based in England or Wales, who have defaulted under an agreement and taken up residence in another UK jurisdiction such as Scotland. Their perception often is that such debtors are not worth pursuing due to expensive administrative work in serving documents outside of the jurisdiction or having to instruct solicitors based in the other jurisdiction. The issues to consider are which country’s courts are the appropriate one to deal with the case and what enforcement options are available in the event of obtaining judgment.   If the claim is contested it would be more convenient to the claimant to have the matter tried at their local County Court hearing centre rather than having to travel to a different court in another region of the UK. The rules are set out at Schedule 4 of the Civil Jurisdiction and Judgments Act 1982. The basic rule set out at paragraph 1 of this schedule is that persons domiciled in a part of the UK shall be sued in the courts of that part. There are a number of exceptions and with regard to commercial agreements, paragraph 3 of this Schedule provides that in matters relating to a contract, a person may be sued in the courts for the place of performance of the obligation in question. For example, a plumber may enter into a contract with a householder to install a heating system. The householder then moves back to... --- > Debt recovery can be a daunting process for those unfamiliar with it. One key aspect of debt recovery is the need for accurate and complete documentation. - Published: 2023-04-11 - Modified: 2023-09-08 - URL: https://debt-claims.com/articles/debt-recovery-for-small-businesses/ - Categories: Articles, Blog Debt recovery can be a daunting process for those who are unfamiliar with it. The legal jargon, the court procedures, and the risk of incurring costs can all make it seem like an insurmountable task. However, with the right approach and a thorough understanding of the process, debt recovery can be a successful avenue for recovering money owed. One key aspect of debt recovery is the need for accurate and complete documentation. This includes invoices, contracts, and any other agreements or correspondence related to the debt. These documents will be the basis for any legal action taken, and they must be presented in a clear and concise manner. It is also essential to maintain proper records of any attempts to recover the debt outside of the court system, such as collection letters or phone calls. Another important factor to consider is the timing of legal action. Pursuing legal action too early may not be cost-effective, as it may be more efficient to continue with other forms of debt recovery. On the other hand, waiting too long can result in a statute of limitations expiring, making legal action impossible. It is essential to carefully consider the timing of legal action, taking into account the amount of debt owed and the likelihood of successful recovery. Technology is also playing an increasingly important role in debt recovery. Platforms like Debt-Claims are providing businesses with a streamlined solution for managing their debt recovery process. With the ability to feed data directly into the platform,... --- > At Debt-Claims, we do not work on a commission or recovery basis and every instruction receives exactly the same high level of service. Read more. - Published: 2023-03-30 - Modified: 2023-08-30 - URL: https://debt-claims.com/articles/the-smallest-debt-you-can-collect/ - Categories: Articles, Blog At Debt-Claims, we do not work on a commission or recovery basis and every instruction receives exactly the same high level of service. As such, we are happy to accept instructions for debts of all values, including low debts that other firms might not take instructions on. Due to court rules however, there are some exceptions on minimum values of debts which are discussed below. Pre-Action Correspondence There is no minimum value that must be owed to you for any pre-action correspondence. With our Late Payment Demand letters starting at just £2. 50 (plus VAT) it is entirely viable for you to instruct us to collect debts for any value. What’s more, it takes around one minute to instruct us meaning that it has never been quicker or easier to collect even the smallest of debts. Our fixed fee service is particularly appealing to clients who are owed lots of smaller debts, as often just a solicitor’s letter is all that is needed to bring about payment. Court Proceedings To issue court proceedings via our online portal (which is integrated with the Court’s Money Claims Online Service) the minimum debt value owed to you must be £25. 00 (this includes any interest that you are claiming). This value is set by the Courts and is not a restriction that we place. Unfortunately, for debts under £25. 00 you are unable to issue court proceedings. Statutory Demands and Insolvency Proceedings For statutory demands and winding-up/bankruptcy proceedings, minimum debt values apply. For... --- > If you are owed a refund and compensation from an airline, here is how you can use our Debt-Claims Portal to recover your money. - Published: 2023-03-21 - Modified: 2023-03-21 - URL: https://debt-claims.com/articles/use-debt-claims-to-recover-money-from-a-cancelled-flight/ - Categories: Articles, Blog In a shocking story illustrating how far customers now have to go to get a refund and compensation for cancelled flights, media reported yesterday that a Wizz Air customer, Russell Quirk, sent bailiffs to Luton Airport to recover money owed after his flight to Portugal was cancelled with a mere three hours’ notice. Our debt recovery portal, which is fully backed by an SRA regulated law firm, can quickly and cost-effectively assist you to recover refunds and compensation owed from an airline. Not only will it save you money, Debt-Claims will eliminate all the stress stemming from chasing the unpaid debt. Why are people struggling to receive compensation owed from airlines? The summer of 2022 saw chaotic scenes at almost all major UK airports. The Coronavirus pandemic had wiped out most leisure travel over the previous two years, leaving airports and airlines suffering staff shortages. Adding to this was the impact of Brexit-red tape, strikes, and rising travel costs. Flights were cancelled, luggage was lost, and people were left queuing at security for hours. Many of the current refund and compensation disputes stem from last year’s disastrous airport and airline disruptions. What are my rights if my flight is cancelled? If you’re travelling with a UK or an EU airline — or from either of these two regions — and your flight is cancelled, the airline must offer you a full refund or a rerouting as soon as possible, even if with a different carrier. In addition, the airline has... --- > If you are owed money and you want to begin the debt collection process, we can get the process going with just a few small details. Learn more. - Published: 2023-03-02 - Modified: 2023-03-22 - URL: https://debt-claims.com/articles/begin-debt-collection/ - Categories: Articles, Blog If you are owed money and you want to begin the debt collection process, we can get the process going with just a few small details; meaning that you don’t have to spend considerable time digging out every piece of correspondence before you make a start. The sooner you can get the ball rolling, then the sooner you should get paid. Apart from details of the creditor, all we need as a minimum from you are three small bits of information. Debtor details – as a minimum, a name and address. Additional information such as specific contact people, email addresses and extra postal addresses can also be provided if you have these. Agreement details – if you’re collecting money owed by a company, then all we need is a description of what the contract was for. Whether this is goods sold and delivered, for example. If you’re collecting money owed by a sole trader or consumer, then we also need to know whether the contract was established in writing or orally, and whether the debtor has attempted to pay by instalments. Further information such as date of the agreement or specifics can be provided if you have these. Debt details – if you have details of when the debt was due from and how much is owed, then you have enough information to instruct us. Copies of contracts, invoices, statement of accounts or purchase orders can also be provided if you have them. As the above shows, only minimal information... --- > Throughout the United Kingdom, there are a robust set of rules to ensure that creditors have means to collect what is owed to them. Learn more. - Published: 2023-02-16 - Modified: 2023-03-22 - URL: https://debt-claims.com/articles/what-is-debt-collection/ - Categories: Articles, Blog Debt collection has, in one form or another, been around since the dawn of time and although the methods and laws have changed over the years, the crux of it is ultimately to collect money owed to you. Ensuring that debts are paid promptly is crucial running any business (or household) and throughout the United Kingdom, there are a robust set of rules to ensure that creditors have means to collect what is owed to them. Debt collection is a wide-ranging term and it could include anything from a creditor’s own in-house credit control team chasing late paid invoices, all the way up to a barrister representing a client at a winding-up hearing in the High Court. Generally, however, debt collection is usually interpreted as when a creditor outsources the matter to an agent or third party to collect it on their behalf. This third party is often referred to as the debt collector – irrespective of whether they attend the debtor’s property to physically collect, or use more modern-day processes like letters, emails, and text campaigns. Agencies that specialises in debt recovery are usually known as Debt Collection Agencies (or DCAs) and they will often charge a percentage of any recovery as their fee. Once a DCA has exhausted its efforts, they often then refer the matter to a law firm to take legal action. Depending on the DCA you use, they may act as the go-between or refer you directly to the law firm. DCAs are licensed and... --- > Debt-Claims were instructed by a client who wanted to present a bankruptcy petition against a former tenant, who owed around £50,000 in rent. Learn more. - Published: 2023-02-02 - Modified: 2023-03-22 - URL: https://debt-claims.com/articles/recent-bankruptcy-petition/ - Categories: Articles, Blog Recently, Debt-Claims were instructed by a client who wanted to present a bankruptcy petition against a former tenant, who owed around £50,000 in rent. The debtor had recently left his address and his whereabouts were unknown. Initially, we drafted a statutory demand and instructed a process server to make attempts to serve. After attending the debtor’s last known address, it was confirmed that the debtor no longer resided there. Our client was also aware of a limited company for which the debtor was a director, however, the registered office was a virtual office. Our process server managed to contact the debtor by phone, who refused to give details of his current address but insisted that he had a mail re-direct from his previous address to his current address and he would receive correspondence accordingly. As such, the statutory demand was served by posting copies to his last known address and care of his company’s office address. No payment was received following service and a bankruptcy petition was presented to the High Court of Justice in London. Attempts were again made to serve the sealed bankruptcy petition on the debtor personally, but to no avail; staff at his company’s virtual office however confirmed that they do forward correspondence on to the debtor directly. In lieu of personal service being affected and no employer being located for the debtor, we obtained an order for substituted service that allowed us to serve the petition on the debtor by way of posting the same.... --- > Rules have changed on who must pay VAT on the enforcement fees for work carried out by High Court Enforcement Officers (HCEO) against judgment debtors. - Published: 2023-01-19 - Modified: 2023-03-22 - URL: https://debt-claims.com/blog/high-court-enforcement-fees/ - Categories: Articles, Blog In recent years, rules have changed on who must pay VAT on the enforcement fees for work carried out by High Court Enforcement Officers (HCEO) against judgment debtors. To help simplify the situation, we have provided a brief guide below of when VAT is applied and who is liable, depending on the VAT status of the creditor. Initially, to apply for a Writ of Control and transfer the matter to the High Court, we charge a creditor the following: Court application fee of £71. 00 (there is no VAT on court fees) Fixed solicitor costs of £51. 75 (plus VAT) Both the court fee of £71. 00 and fixed costs of £51. 75 are added to the balance owed by the debtor under the Writ of Control. The creditor can account to HMRC for the VAT on the fixed solicitor costs in the normal way. If HCEO enforcement is unsuccessful and no funds are recovered from the debtor, then they HCEO will raise an abortive invoice for £75. 00 plus VAT. We will pay this and then raise a disbursement invoice to the creditor, who can again account to HMRC for the VAT. The abortive fee is also known as the compliance fee. If the HCEO is successful in recovering the balance, then the Court application fee, fixed costs, and abortive/compliance fee will all be recoverable from the debtor. If the HCEO recovers the balance before they make an attendance (for example, after they have received the Writ of Control... --- > Following service of a statutory demand, a debtor has 18 days to apply to have it set aside (this includes both companies and individuals). Learn more. - Published: 2023-01-05 - Modified: 2023-03-22 - URL: https://debt-claims.com/articles/what-does-setting-aside-a-statutory-demand-mean/ - Categories: Articles, Blog Following service of a statutory demand, a debtor has 18 days to apply to have it set aside (this includes both companies and individuals). Using its discretion, a court may set aside an application made outside of 18 days if, for example, a petition has not yet been presented by the creditor. Setting aside a statutory demand means that the demand is no longer valid and it cannot be used as a basis for the creditor to present a winding-up petition. There are various reasons why a debtor might apply to set aside a statutory demand, including: They have a genuine dispute (as insolvency proceedings based on debts subject to a genuine dispute should not be issued) The statutory demand has not been issued or drafted correctly The debtor has a counterclaim which is of equal or more value than the demand debt, or would bring the net debt value under the threshold for insolvency Any other reason, which might be deemed as reasonable by the court Included within the statutory demand are details of the appropriate court and timescales for a debtor to make the relevant application to set it aside. Once an application is made for set aside, the court will list the matter for a hearing; usually costs will be awarded to the successful party. Even if a debtor is successful in their application for setting aside the statutory demand, that does not mean that the matter is concluded or the debt no longer owed. The creditor... --- --- ## Case Studies > In this Case Study, we discuss securing an Order for Substituted Service of a Bankruptcy Petition Where a Debtor’s Address was Unknown. Learn more. - Published: 2023-01-25 - Modified: 2023-03-22 - URL: https://debt-claims.com/case-studies/bankruptcy/ - Categories: Case Studies Securing an Order for Substituted Service of a Bankruptcy Petition Where a Debtor’s Address was Unknown Challenge We were recently contacted by a private client who was owed around £50,000 in rent, which wase secured under two earlier Court judgments. Despite the orders for payment, the debtor avoided paying our client and had absconded the most recent address that our client held for them. With the debtor’s whereabouts unknown and him being unable to pay, our client intended to present a bankruptcy petition to the Court. With strict rules on personal service for insolvency documents, this would present a challenge. Solution/Our Approach Initially, we drafted a statutory demand and instructed a process server to make attempts to serve. After attending the debtor’s last known address, a neighbour confirmed that the debtor no longer resided there. Our client was also aware of a limited company for which the debtor was a director, however, the registered office was a virtual office. Our process server managed to contact the debtor by phone, who refused to give details of his current address but insisted that he had a mail re-direct from his previous address to his current address and he would receive correspondence accordingly. As such, the statutory demand was served by posting copies to his last known address and care of his company’s office address. The appropriate rules here are contained in the Practice Direction on Insolvency Proceedings, where at paragraph 11. 2 it states that ‘if personal service is not practicable in... --- > In this case study we discuss serving a Statutory Demand and recovering the full debt of £22,000, together with costs and interest. - Published: 2023-01-25 - Modified: 2023-03-22 - URL: https://debt-claims.com/case-studies/serving-a-statutory-demand/ - Categories: Case Studies Serving a Statutory Demand and Recovering the Full Debt of £22,000 Together with Costs and Interest Challenge We were contacted by a commercial client who was owed money for services provided to another business. Despite numerous requests from the client to the debtor, the debtor failed to make payment – despite still trading. Our client wanted a quick and effective way to recover the debt where their costs would also be recoverable. Ultimately, why should a creditor be out of pocket to collect what is owed to them and through no fault of their own. Our Approach After conversations between the client and debtor broke down and after our client considered the various options for recovery (either money claim proceedings or insolvency proceedings) we were instructed via our portal to serve a statutory demand. It took our client less than two minutes to instruct us and once the submission was sent, our statutory demand was immediately drafted and sent to the process server. Our demand was personally served on the debtor within a few days. Following service, the debtor made payment of the invoice sum only, but refused to pay the interests and costs. After reminding the debtor that our client is entitled to its costs, and interest, and that proceedings would follow for these balances if not paid, the debtor made payment in full. Outcome In this case, the statutory demand had the desired effect and resulted in a near-instant payment. Whilst the interest and costs element required a... --- > In this case study, we discuss Debt-Claims securing full payment including all costs following a winding-up petition. - Published: 2023-01-25 - Modified: 2023-03-22 - URL: https://debt-claims.com/case-studies/winding-up/ - Categories: Case Studies Securing Full Payment Including all Costs Following a Winding-Up Petition Challenge Recently, Debt-Claims Solicitors were contacted by a client who was owed a relatively modest sum of £15,000. Our client explained that the debtor claimed to have paid the sum and the debtor attempted to evidence this by way of their bank statement, which showed a debit transaction. Ultimately however, our client had not received payment. To put it simply, proof of payment being sent is not the same as proof of payment received and therefore, the debt remained due and owing. Our Approach We prepared and served a statutory demand, to which there was no response or payment and so a petition was presented. In much the same way, no response or payment was received following service of the petition and so the petition was advertised in the London Gazette. In preparing for the hearing, we reached out to the debtor company so that we could agree the bundle. The debtor maintained that they had made payment and attempted to rely on the bank statement previously mentioned. The debtor incorrectly thought that the petition would simply be dismissed and our client would pay its costs. We maintained that the debt sum was still due, together with the relevant interest and costs. A few days before the hearing, our client finally received payment of the petition debt but not the costs. The debtor company instructed counsel to oppose our costs on the basis that the petition was an abuse of... --- > In this Case Study, we discuss how Debt-Claims solicitors collected £32,000 owed to a client for just £12.50. - Published: 2023-01-24 - Modified: 2023-03-22 - URL: https://debt-claims.com/case-studies/lba/ - Categories: Case Studies How Debt-Claims Solicitors Collected £32,000 Owed to a Client for Just £12. 50 Challenge We were recently instructed by a client who was owed £32,000 for goods and services provided by our client to theirs. Despite repeated requests by our client for payment to be made, the debtor failed to adhere to the terms of the contract and withheld payment, despite having no dispute or defence. Where other law firms and Debt Collection Agencies can charge anywhere between 10 and 20% commission on any balance collected after their instruction (on top of legal fees and disbursements) Debt-Claims’ operate on a fixed low-fee approach. This approach means that irrespective of value, our client only pays a set fee, this reinforces our standards that small as well as big debts deserve equal priority – we would never refuse to take instructions on low value debt on that basis alone. Ultimately, it also means that a successful recovery would be significantly less-expensive for the client. Solution/Our Approach The client registered for our portal and after considering the options available to them, instructed us to send a Letter Before Action. The total registration and instruction process took them less than a few minutes and the instruction was processed and sent to the debtor immediately. Our Letter Before Action set out our client’s position (that money was owed to them) and demanded payment of the same, failing which, Court proceedings would be issued. Whilst our client in this case did not want to claim interest... --- ---