Debt recovery that won’t cost you grey hairs
Recovering your business debt should be as painless as possible. Our specialist debt recovery team works quickly and efficiently to resolve the situation, whether in the UK or internationally. Where litigation is necessary our dispute resolution team can act for claimant or defendant.
We have developed an effective recovery service for business debts of all values, which we’ll tailor around your credit control department and business needs. Our services range from County Court proceedings, through to proceedings for bankruptcy, winding up and bulk debts. You’ll find more information below.
Bulk debts and international debt recovery
We have created Sherrards Recover, which can enhance your existing credit control procedures or lighten your workload by acting as your credit control department. Sherrards Recover is a fixed-fee service for uncontested claims.
By using our experience and relationships with lawyers across the world, our international team can advise you on the best options for recovering debts in a variety of jurisdictions. We can also help if your business in England or Wales has had a foreign judgment against you.
Instigating proceedings to recover your debt
We’ll give you advice on recovering your debt through County Court proceedings, starting with a formal demand for the monies due to you, in line with the Civil Procedure Rules (CPR) pre-action protocols. If this does not result in payment, we’ll then guide you through the process of issuing court proceedings to obtain a judgment against the debtor.
Sometimes your best option when other routes to recover a debt have failed, is to begin winding up proceedings against a business. We will take you through the process; often presenting a winding up petition will result in payment being made. If necessary, we will help you obtain the order to wind up the debtor company.
If you are pursuing money owed by an individual, there is the option of starting bankruptcy proceedings against them. We will support you throughout the process, from making a formal demand for the monies due, serving a statutory demand, through to presenting a bankruptcy petition and obtaining the order.
Disputed claims and litigation
Our team regularly acts for the claimant or defendant in dispute proceedings in the County Courts and High Court. Our experience and knowledge will help you give you confidence, whether you are making or contesting the claim.
Should litigation be necessary, our commercial dispute resolution team has a reassuring track record. They will act for you whether you are being pursued for a debt or pursuing one, explaining the process step by step and committing to the best possible result for your business. They can also help you pre-empt the issue by advising on managing and structuring your business to protect against litigious claims.
We are always transparent about costs for debt recovery, and you can find more information about court fees and our fees here.
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