Non-payment by debtors can be deeply frustrating and worrying, especially if your cashflow is being affected. Delays or refusal to pay can have a corresponding impact on your ability to pay your suppliers, and hence damage your reputation. You may have expended lots of time and effort in trying to find a resolution but still not receive the monies due to you. Whether the money is owed to a business or individual, it is essential that every effort be put into recovering the money you are owed. As a London based specialist in debt recovery and enforcement, we understand what it takes to collect debts in a timely manner.
AQ Archers can recover the funds you are owed by utilising:
Our debt recovery Solicitors will work hard to recover your debt, whether it is from an individual, sole trader, or a company, based in the UK or internationally.
What is the process for recovering a debt?
The first stage of the process is to issue a ‘letter before action’, outlining to your debtor the amount owing and when it must be paid. This is often sufficient to encourage payment, but if it is not successful, the matter can then be referred to the County Court. In some cases, it may be necessary to take other action, such as insolvency or bankruptcy action, or issuing a winding-up petition.
A County Court Judgement (CCJ) will be issued by the Court, which will allow you to take enforcement action to recover what you are owed. A High Court Enforcement Officer will then use the CCJ to recover what is owed from the debtor. If the debtor does not pay, the enforcement officer may seize assets which are then sold to liquidate some or all of the money you are owed.
Why should I use AQ Archers to recover my debts?
AQ Archers have a strong track record of recovering debt even in the most difficult of situations. We understand that having delivered your service or product, any non-payment of debt can significantly impact on you and your business. We find that directly contacting the debtor to negotiate a resolution often leads to the best possible outcome, in terms of speed and amount. Furthermore, we understand the range of strategies available for debt recovery, and will recommend the best course of action based on the circumstances of each case.