Tracking down your assets
What is involved?
Bankruptcy – Issuing bankruptcy proceedings can be extremely effective in recovering undisputed debts. This involves serving the debtor a statutory demand, then issuing a bankruptcy petition if they do not respond.
Court Proceedings – If there is no response to a Letter Before Action, we can prepare and send proceedings to court within 24 hours. If there is no response, we can apply for a judgment to be entered on your behalf.
Enforcement of Judgments – We will advise on the best method for you. This could include instructing a bailiff, a charging order, a third party debt order, a statutory demand or an attachment of earnings order.
Foreign Debt Collection – We can help you track down debt in Ireland, Scotland and most of Europe.
Pre-Action Collection – On the day you instruct us, we will act fast to send a Letter Before Action that is tailored to your needs. We will also discuss what course of action is suitable if they do not respond.
Winding Up – Before we start this, we usually send a letter demanding payment or a statutory demand. If you don’t receive your debt, we can issue a winding up petition – which they will have to pay for.
Why choose Freeths?
- We treat your debt as if it were money owed to us, and we collect it as quickly as possible
- You can draw on the additional expertise of our Dispute Resolution and Insolvency teams
- We are approachable, friendly and always happy to discuss individual matters
- You can rely on our good use of technology to ensure an efficient and reliable service
- We won’t just collect your debts, we can increase your recoveries by working smarter
It is important to recover debts to avoid financial pressure of your business. We offer a range of services to help you do this and a highly skilled team of commercial debt recovery lawyers. Our expertise includes Bankruptcy, Court Proceedings, Enforcement of Judgments, Foreign Debt Collection, Pre-Action Collection and Winding Up.
For many years we have offered a competitive quality debt recovery service for general debt matters. We also provide a personal service for difficult debts or where insolvency proceedings are appropriate. If required, we will provide periodic reports in relation to bulk recoveries or debt portfolios.
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"Graeme has taken care of our debt collection for some time now and always deals with us quickly, efficiently and most importantly gets the right result every time."
(Mark Hagan, Minstrell Recruitment)
"Iain has acted for me on several occasions when I need to collect outstanding debts, both for my own business and in insolvency cases I am or have been dealing with. I always find him to be practical and down to earth in his approach, and, more often than not, very successful. I have also recommended Iain to clients who speak very highly of him."
"At Freeths, commercial litigator Mike Gilmour focuses on handling insolvency disputes for clients such as Baker Tilly and BDO. Gilmour has particular expertise in bankruptcy."
(The Legal 500)
"Department head Simon Hobbs advises on a full range of insolvency matters but specialises in complex contentious insolvencies. He acts for both corporate and personal clients and has vast experience in relation to liquidation and bankruptcy matters. One client remarks ‘He is highly knowledgeable, approachable and commercial’."
(Chambers & Partners, 2017)
"Zalena’s approach to the work was very professional. She is able to get results where we did not expect it. I will definitely use her again."
(Anthony Moore, College of North West London)
"Wow, I am well impressed! By 11.04 am they had emailed a remittance advice – that must be the fastest payment ever. Keep up the good work!"
- Large scale bulk debt recovery for insolvency practitioners.
- Recovery of insurance premiums for after-the-event insurance providers.
- Management fees, service charge and rent recovery for landlords.
- Recovery of professional fees for accountants and insolvency practitioners.
- Recovery of trade invoices.
- Recovery of shortfalls on lending agreements for banks.
‘Doing the right thing’ is at the heart of Freeths. Find out more about our excellent client service and the strong set of values that guide the way we work.
Talk to us
Freeths are a leading national law firm with 13 offices across the UK. If you have a query about our services or just want to find out more, why not give us a call?
Contact: 03301 001 014