Debt Recovery
At Oracle Solicitors, we understand that unpaid debts can have a considerable impact on your company’s cash flow. Our specialists have extensive experience to act quickly and efficiently to obtain monies owed.
Contact us on 020 3051 5060 or leave your message to arrange an appointment to assess and advise you on the best course of action to recover the debt. We understand that each individual and business has different requirements and therefore provide a flexible and effective service tailored to meet your needs.
It is important to call us from the outset so that we may start the process by sending a letter if they do not settle the outstanding debt, or advise to initiate court proceedings to recover what is owed.
Our team has extensive experience acting for clients in many sectors, including construction, recruitment, property management and asset finance.
Our service offering
We offer a range of debt recovery services specifically tailored to meet the needs of businesses:
Debt Collection Letters: We can assist you in crafting effective demand letters that comply with legal requirements and clearly communicate the debt owed and the consequences of non-payment within the UK jurisdiction. Our letters are designed to prompt timely payment and encourage debtors to take your claim seriously.
Negotiation and Settlement: Our legal experts are skilled negotiators familiar with business practices and can engage with debtors to explore settlement options. We strive to reach favourable and fair agreements.
Legal Actions: If amicable resolution attempts prove unsuccessful, our team is prepared to take the appropriate court action. We have extensive experience in pursuing debt recovery, including obtaining judgements and enforcing them to recover outstanding debts.
How can we help
Should you ever require assistance, our experts can offer you advice on all stages of debt recovery and assist you throughout the whole process. Please call 020 3051 5060 or leave your message with your contact details and we will get back to you.
You can see our Debt Recovery pricing here.
We offer a comprehensive service for each client. Our lawyers take time to understand the nature of our clients’ business and their relationship with the debtors in order to provide an effective result.
Credit issues have a significant impact on businesses of all sizes. At Oracle, we understand how important it is to act quickly to recover debts owed because we know how unpaid invoices affect profits, potential profitability, and cash-flow.
Our priority is always to secure your debt and position as a creditor using the most time and cost-efficient methods to recover the outstanding monies. These methods range from issuing a statutory demand to issuing a claim at court against the debtors. At Oracle Solicitors, we seek to provide practical advice tailored to suit your commercial requirements.
FAQs
When pursuing an outstanding debt, there are several factors should be taken into consideration:
Documentation: Ensure that you have proper documentation, such as contracts, invoices, or agreements, clearly outlining the terms of the debt owed.
Legal Requirements: Understanding your rights and obligations, as well as the debtor’s obligations, will help you navigate the process more effectively.
Communication: Maintain clear and professional communication with the debtor. Keep records of all communication to support your case if further legal action becomes necessary.
The debt recovery process duration can vary depending on several factors, including the complexity of the case, the debtor’s willingness to cooperate, and the chosen debt recovery method.
In some instances, debts can be recovered relatively quickly through negotiation or mediation. However, if legal action is required, the process may take longer. It is important to consult with experts like us who can assess your specific situation and provide an estimated timeline based on the circumstances.
Our services
In 2002 Sajjad Shan founded Oracle Solicitors. Under his guidance the firm has grown from strength to strength to become a full-service law firm.
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Aviation House, 125 Kingsway
London WC2B NH
United Kingdom
- (+44) 020-3051-5060
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