Unpaid debts are an issue for almost every business. At BLM we understand that unpaid debts create cash flow difficulties, which may lead to the stagnation of your business and result in what can often be a disproportionate amount of administrative time chasing payment, with few results. Unpaid debts can also impact your own credit rating; damaging your own reputation.
At BLM our Commercial Litigation and Dispute Resolution team recognise the need for businesses to turn unpaid debts into payments quickly. Often the longer a debt is left unpaid, the less likely it is to be collected. At BLM, we believe that efficient debt recovery is a part of an effective credit control process for any business.
Our Commercial Litigation and Dispute Resolution team is well placed to assist in the collection of unpaid debts, and shouldering what can become an administrative burden in chasing debts, freeing up your time and resources to get on with running and building your business.
Our Commercial Litigation and Dispute Resolution team works with a variety of businesses in sectors such as recruitment, manufacturing and engineering, the creative industries and property, and businesses of varying sizes. Our Commercial Litigation and Dispute Resolution team will work alongside you to find the most appropriate solution to recovering a debt, dependent on its size and complexity.
The first step in the debt recovery process is to send a letter before claim. Our Commercial Litigation and Dispute Resolution team can send a letter before action at a fixed fee, low cost, providing a debtor with between 7 to 21 days to pay the debt.
Often a debt recovery letter can prompt payment but where no payment is forthcoming, we will discuss with you the issue of court proceedings or insolvency proceedings. Our team can also advise you of the costs and proportionality of issuing court proceedings, including fixed fees or funding options. Our team will advise you on the processes involved in court proceedings and be with you every step of the way.
BLM’s Commercial Litigation and Dispute Resolution team is based in our Manchester office, but with capability to support clients nationally. The team is comprised of three partners, assisted by a team of senior associates, associates and junior fee earners. Your case will be led by a partner, with the expertise and support of other lawyers to ensure work is carried out as economically as practicable.
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