To protect your cash flow, you need to ensure that your business can collect bad debt. This is a common area of business activity and there is a well-established legal process for debt collection for businesses.
How can we help?
We have experienced people who are completely at home with the legal processes involved in debt recovery services. Martin Wood FCICM is a past Chair and present Vice-Chair of the regional branches of the Chartered Institute of Credit Management Civil Court User’s Association and can therefore advise on the latest developments in civil law concerning debt recovery and insolvency. He has over 40 years’ experience having worked for international and local law firms and a major international manufacturer. He also ran his own company successfully for 7 years.
We can help you at any stage of this process of recovering a business debt, whether it is helping you write an effective and legally sound letter of demand, or pursuing the matter through the Court system. We are familiar with the process of enforcing Judgment and can manage the process right through to bankruptcy or company winding up proceedings if need be.
We are also well aware of the costs of debt litigation and can advise you on whether it is commercially viable to proceed to Court.
Never letting it happen again
One way to protect against bad debt is to review your contracts, trade agreements and terms of trade. We can help you make sure that your terms are clear and your processes are solid so you can avoid lengthy and costly litigation proceedings in the future.
Contact us at info@devonlaw.co.uk or call us on 015 4883 1514 to discuss the specific details of your business debt.