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Debt Recovery Solicitors in Hull

As a business owner, a failure by your customers to pay their debts to you can have a significant adverse impact upon your cash flow and day-to-day operations, and could ultimately leading to the collapse and failure of your business. Our team of debt recovery solicitors in Hull can provide you with advice and assistance to help you resolve these issues.

If you require the services of, Rollits’ team of expert debt recovery solicitors in Hull can offer you a personalised solution that is customised specifically to your requirements

Our debt recovery solicitors in Hull have considerable experience in dealing with:

Pre-action letters
Mediation or arbitration
Enforcement of judgments
Court action for debt collection
Bankruptcy proceedings
Winding up petitions
Enforcement of judgments
Retention of title

Contact our debt recovery solicitors in Hull

If you’re in need of one of our excellent debt recovery solicitors in Hull, please don’t hesitate to get in contact with our team by calling 01482 323239. Alternatively, you can use the enquiry form on the right of this page.

Our services in Hull

Our debt recovery solicitors work on cases for individuals as well as businesses, offering professional and practical advice related to whatever legal circumstances you find yourself in. We also keep you fully informed at all points and avoid the use of technical legal jargon when explaining things to you.

At Rollits, we understand the value that businesses bring to the community, as well as the economy. This is why we take immense pride in offering a service that is centred around our clients. Rather than merely acting as a service provider, we adopt a partnership approach with your business. Our debt recovery solicitors in Hull have years of experience and work with a wide variety of clients, including SMEs, charities, educational institutions, larger organisations and PLCs.

In terms of working with individuals, we apply the same personalised approach as we do with our corporate clients. Our legal advice will always be specific to your unique circumstances and will be delivered in a professional and practical manner. Our clients truly are at the core of everything we do, and we are committed to building trusted relationships with them and providing clear and focused advice.

Our debt recovery solicitors in Hull provide a computer-led debt recovery service, resulting in a more efficient process, no matter whether you’re dealing with a single debt or multiple debts.

We are absolutely committed to providing our clients with a wide range of debt recovery solutions to meet their unique needs.

What are some of the methods we use for debt collection?

Pre-action letters

To initiate the debt recovery process, our first step is to send a pre-action letter to the debtor, outlining the outstanding amount and highlighting any breach of the agreed payment terms. Receiving a pre-action letter from a firm of solicitors often results in the debtor settling their debt quickly.

Our debt recovery specialists in Hull understand how important it is that you maintain a positive relationship with the debtor when collecting debts. We always strive to assist you in collecting debts, whilst making the effort to preserve your business relationships as much as possible.

Negotiation

When a debtor has communicated their inability to pay a debt, sometimes they will provide valid reasons for not making the payment. In these cases, our debt recovery specialists in Hull are able to facilitate negotiations between both parties, assisting clients in resolving the situation and securing payments on suitable terms, such as through instalments.

Rollits’ debt recovery lawyers possess excellent negotiation skills and have a successful track record of recovering debts in a timely fashion.

Mediation or arbitration

If negotiation between the parties fails to resolve the debt issue, our debt recovery solicitors are able to provide assistance using more formal Alternative Dispute Resolution (ADR) methods such as mediation or arbitration. We do our best to keep these matters amicable and have years of experience supporting businesses and individuals through these processes.

Before starting this process, we will ensure that you understand the stages involved, and are aware of your legal position as well as preparing you for any potential outcomes.

Court action for debt collection

In cases where debt matters are more complicated or contentious, court action may be unavoidable to recover outstanding debts. Our experienced debt recovery solicitors in Hull are well-equipped to handle such situations. We will submit your claim, assist you throughout the debt proceedings, and if a judgment is ultimately obtained, where necessary we will help you to take the necessary enforcement actions to ensure full debt recovery.

We understand that going to court can be daunting, which is why we strive to make the process as stress-free as possible for our clients. Our lawyers will be with you through each step of the process and will ensure that you have a full understanding of your legal position and are fully prepared for any potential outcomes.

Bankruptcy proceedings

Depending on the situation, it may be appropriate to begin bankruptcy proceedings against a personal individual debtor. Initially, it will be necessary to serve a statutory demand. To do so, the sum of the debt must be over £5000 and must be both liquidated and undisputed.

Our debt recovery solicitors in Hull can offer their expertise during any circumstances where you need to begin bankruptcy proceedings

Winding up petition

If a company cannot pay its debts to you, you could apply for a winding petition through the Court. If the petition is granted, the company will be compelled to close down and undergo compulsory liquidation.

Our debt recovery solicitors can assist you in navigating this process as part of our debt recovery service.

This is conditional depending on if the company owes you a minimum of £750 and if you are able to provide the Court evidence demonstrating the company’s inability to pay its debt to you.

Enforcement of judgments

Enforcement of judgments is a legal process that occurs after a Court judgment has been obtained, but the debt remains unpaid.

At Rollits, we offer guidance with various enforcement of judgments, including:

Attachment order on earnings
Third-party debt order
Charging order on a property
Writ of execution or warrant of execution

Our debt recovery solicitors in Hull are experienced in enforcing judgments and can help you recover what you’re owed.

Retention of title

Our specialists can assist you in the drafting retention of title clauses into your professional contracts, which ensures that the seller retains the right to the goods until they have been paid in full, and advise you on the steps that need to be taken to ensure that retention of title clauses are effective. This approach can be beneficial in protecting your businesses from any financial losses.

We can also assist you in enforcing retention of title clauses, and provide you with advice and assistance as to the steps to be taken in the event that a third party fails to pay its debts in relation to goods that have been provided by you.

If you are interested in learning more about how retention of title clauses can benefit your business, please get in touch with one of our excellent debt recovery solicitors for guidance.