When you’re running a business, having capital tied up in debts can negatively affect your cash flow and your day-to-day operations. Bad debts can slow down and eventually cause a business to fail. To resolve such issues, our debt recovery solicitors can offer expert assistance.
At Rollits, we have much experience in offering professional and fast debt collection for a diverse range of companies. Our experts are able to deal with all types of debt recovery matters, from straightforward issues to complex cases.
We provide a personalised service, ensuring that we address your concerns and requirements at every stage. Our solicitors are able to provide computer-led debt recovery, which ensures more efficient processes, whether for single debts or multiple debts.
Contested matters are dealt with by experienced commercial litigators, and commercial debts and unpaid invoices are recovered for clients using the most appropriate methods.
At Rollits, we can support clients with all areas of debt recovery, to include:
- Pre-action letters
- Mediation or arbitration
- Enforcement of judgments
- Court action for debt collection
- Insolvency proceedings
- Winding up petitions
- Retention of title
- Debt payment collection
“When working in partnership with Rollits, as I do for many projects and campaigns, I trust them to give me an honest response on every occasion. They are genuine in their passion for the city, region and its prosperity, and self-interest is always over-shadowed by their desire to prioritise community, and opportunity for the next generation. I feel that Rollits always strive to make a difference on projects and partnerships of all scales.”
“J R Rix & Sons Ltd are a diverse company with business interests that span fuel distribution, manufacturing holiday homes, cars sales and property. Rollits are professional and approachable and we have great confidence in the wide range of legal advice that they have provided us with for many years.”Rory Clarke - Managing Director, J. R. Rix & Sons Ltd
Get in touch with our debt recovery solicitors in Hull and York today
To discuss your debt recovery requirements, please get in touch with our lawyers specialising in corporate law. From our offices in both Hull and York, we support clients in the region and the North, as well as across the rest of the UK.
Our debt collection expertise
When attempting to recover debts on your behalf, the first step we’ll take is sending a pre-action letter to the debtor. Using this correspondence, we’ll confirm what is owed and which of the established payment terms have not been followed.
In many cases, receiving a pre-action letter from a solicitor encourages the debtor to pay promptly. Our lawyers can help you to collect your debts and maintain a good relationship with the individual or company as far as possible.
In some cases, the person or business may communicate that they can’t pay the debt. They may claim that they have a valid reason for not making the payment. In such cases, our lawyers will facilitate negotiation between both parties. We can support clients in resolving the situation and securing payment on appropriate terms, for example, payment via instalments.
At Rollits, our lawyers are highly skilled in debt negotiation processes. We have an excellent track record of swiftly recovering debts and helping clients to avoid instances of payment refusal.
Where issues cannot be solved via negotiation, our debt dispute lawyers can support clients using ADR methods such as mediation or arbitration. We’ve supported many businesses and individuals throughout these procedures and will always attempt to keep matters as amicable as possible.
Before your alternative dispute resolution process begins, we will ensure that you appreciate the stages involved, know your legal standing, and are prepared for potential outcomes.
Where either of these options are unsuccessful in resolving your debt dispute, our debt recovery lawyers can offer recommendations on the appropriate next steps.
Where matters are complex or conflict stricken, we may have to resort to Court action in order to recover your debts.
Our skilled debt recovery for business lawyers will submit your claim, represent you, and obtain the necessary enforcement actions. Moving through steps like these allows us to ensure that your debt is recovered in full.
We appreciate that the idea of Court processes can sound intimidating and always ensure to make the procedures as stress-free as we can. If you have any questions about Court processes for debt recovery, please contact our debt collectors in Hull.
Depending on the circumstances of the case, you may wish to begin bankruptcy proceedings against a debtor. Initially it will be necessary to serve a statutory demand. To do so, the sum of the debt must be over £5,000 and be both undisputed and liquidated.
If you are in a position where you need to may need to begin bankruptcy proceedings against a debtor, our lawyers can offer full guidance on this. We will always protect your best interests and offer personalised recommendations at each stage.
If a company owes you money and cannot pay, you have the option to apply to the Court to gain a winding up petition. If the petition is granted, the company will be ordered to close, also known as compulsory liquidation.
As part of our debt recovery service, we can support you throughout the procedure so long as the following circumstances are present:
- The company owes you a sum of £750 or more
- You can provide evidence that the company cannot pay you
Enforcement of judgments refers to Court orders used to recover debts where more informal debt recovery processes have failed. Both insolvency proceedings and winding up petitions are examples of enforcement of judgments.
Our debt recovery solicitors can also support you with enforcements of judgments such as:
- Writ of execution or warrant of execution
- Charging order on a property
- Attachment order on earnings
- Third party debt order
At Rollits, we can offer various recommendations to help protect your company from debt and cash flow issues.
For instance, our solicitors can help you in drafting retention of title clauses into your professional contracts. A retention of title clause means that the seller retains the right to the goods until they’ve received payment in full.
If you would like to learn more about retention of title, please contact our debt recovery solicitors today for a discussion of your options.
Why choose our debt recovery lawyers?
We have amassed an excellent reputation over the years for collecting debts, and this is down to the personal service from our committed debt recovery team. We take the time to get to know you and your business, building relationships that bring value to your organisation.
Our firm has over 180 years of experience. When you work with us, you’ll benefit from our extensive knowledge across both the legal and commercial sectors. We always offer tailor-made advice. We will communicate in a direct and friendly manner and avoid any legal jargon that may cause confusion.
Our debt collection service fees
Our debt recovery team at Rollits offer competitive prices, reflecting the top-quality legal service that we offer. Our fees depend on the debt recovery issue you need support with, as well as the level of legal expertise required.
Certain action can be undertaken on your behalf on a fixed fee basis. If your needs are more complex, you will be offered an hourly rate.
Get in touch with our debt recovery solicitors in Hull and York today
To discuss your debt recovery requirements, get in touch with our lawyers specialising in dispute resolution matters. From our offices in both Hull and York, we support clients in the region and the North, as well as across the rest of the UK.