Debt Recovery

Debt Recovery Solicitor

The team of debt recovery solicitors at Bridge McFarland LLP understands the impact that debt can have on businesses. Our highly skilled solicitors act for owner-managed companies and SMEs in recovering businesses to ensure future stability.

Debt Solicitors Near Me

Bridge McFarland LLP, based in Hull, Grimsby, Market Rasen and Lincoln, offer a comprehensive range of debt recovery services, including the following:

• Letters before action
• Issuing legal proceedings
• Enforcement of judgements (CCJs)
• Statutory demands
• Liquidation
• Bankruptcy proceedings

If you are uncertain about what the next steps are regarding debt recovery, please call our friendly team today on 0800 987 8800.

Debt Recovery Solicitors Lincolnshire

When working with you relating to debt recovery, Bridge McFarland LLP will offer the best possible outcomes, having invested ourselves in your company. In most cases, we can resolve the issue outside of court. However, in cases where this is impossible, we work closely with you, advising you on the most appropriate action.

We work carefully to recover debts quickly and cost-effectively.

Our debt recovery service offers you optimal solutions for the issues relating to your business’s finances.

Debt Recovery Process

There are four key elements to the debt recovery process. We have briefly outlined the steps below.

1. Letter before action

A letter before action (LBA) states what is owed from the debtor to your business, how long your debtor has to pay it and informs the debtor of the consequences of non-payment.

2. Legal action

If the LBA does not resolve the debt, the next step is to take legal action. This involves issuing court proceedings at the county court.

3. Judgement

A county court judgement confirms that the debtor is liable to pay your debt.

4. Enforcement

Once a county court judgement has been obtained, the debt is able to be ‘enforced’. There are a number of ways in which this can be done.

If you are uncertain of this process or need to speak to a solicitor regarding the debt recovery process, get in touch today.

Get in touch with our Solicitors for Debt Recovery

The debt recovery team at Bridge McFarland LLP offers unrivalled and innovative funding options for your business’s debt recovery services.

To find out more about our fees relating to debt recovery, please click here.

Debt Recovery Frequently Asked Questions