At Butterworths Solicitors we are very much aware of the importance to any business of a good cashflow position. We take it very seriously therefore when a client of ours is not paid for goods or services that they have supplied.
We have designed a solution that we offer to our clients that are in this position. That solution is our “Heavy Duty” Debt Recovery service.
“Heavy Duty” – our Debt Recovery service
Our service is tailored, bespoke, focused and -above all- driven. The process is led by the senior lawyers in our Litigation Team. Our solution isn’t suitable for every debt, but it is absolutely essential where you have a large debt that could cause issues in your business without urgent action.
Where you are at risk of losing a large sum of money, then the swift and unrelenting involvement of our Debt Recovery Team using their “Heavy Duty” service will afford you the best opportunity of reducing the loss you incur. It could be money very well spent.
How does it work?
In our experience, if a company is not paying you they are almost certainly not paying other suppliers either. It is our aim to get you paid ahead of those other suppliers. We achieve it by way of a very aggressive approach that the debtor ignores at their peril.
The first stage in taking action on your behalf is the preparation by us of what is called a Statutory Demand, and then the service of that Statutory Demand on the debtor.
As the Statutory Demand is the first step in any Bankruptcy or Winding-up proceedings, it will be clear to the Debtor from the moment of service of that document on them that you mean business, and that they would do well to put your debt to the front of their payment queue.
The real “teeth” behind the Statutory Demand are the Bankruptcy or Winding-up proceedings themselves, but in our experience the Statutory Demand often has the desired effect and things rarely get to the need for formal proceedings.
Service of Statutory Demand
Bankruptcy or Winding-up proceedings
How much does it cost?
- LETTER OF DEMAND
- ENCLOSED STATUTORY DEMAND
- TAILORED TO YOUR CASE
- PERSONAL SERVICE OF DOCUMENTS
Contact form will be displayed here. To activate it you have to set the "contact form shortcode" parameter in Customizer.