Commercial Debt Recovery and Collection – News
The solicitors at Lane & Co specialise in business and commercial debt recovery and collection. We have been operating for over 40 years, our clients coming back to us many times so as to recover and collect the monies that are owed to them.
The 4 Stage Business Debt Recovery Process
Our solicitors focus on commercial debt recovery for businesses of all sizes, from SMEs up to PLCs. Each stage represents a step up in the pressure applied for payment.
The process starts with a Letter Before Action to the debtor. This states the value of the debt and the time frame for payment.
If the debt is not paid or a suitable reply received to the Letter Before Action, a County Court Claim may be issued.
- County Court Judgement
If an Acknowledgment or Defence is not received within the Court time frame, a County Court Judgment (CCJ) will be requested
If payment is still not received, a number of different ways to enforce the Judgment can be used.
This section covers the News and Events for this important area.
