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Effective and efficient debt recovery is vital to the continuation of any business. The debt recovery process undertaken at mfg Solicitors offers a comprehensive, swift and cost effective service.

Mfg offers a dedicated service focussing exclusively on recovering the debt. We offer a single point of contact for advice and assistance on all aspects of debt recovery and enforcement. Our system is designed to assist you and your business to maintain a healthy cash flow and avoid any financial difficulties which may arise as a result of your debtors defaulting on payment. Whatever the size of your business we can advise you as to the most appropriate method of recovering your debts.

We have particular specialism’s in:

1. Pre-action collection and the issuing of statutory demands,
2. County Court proceedings and enforcement,
3. Bankruptcy,
4. Company winding up,
5. Defended actions.

We at mfg Solicitors would like to be perceived as and extension to your credit control division. We endeavour to build close relationships with our clients, we take the time to understand your business terms and conditions in detail, and to ensure we appreciate the wider commercial environment in which you and your business operate within.

Successful debt recovery requires planned action, ranging from immediate insolvency proceedings for high value debts, to traditional recovery methods i.e. letter before action and court proceedings for medium to low value debts.

Our system enables us to manage, track and report on the progress of bulk instructions as well as individual instructions quickly and efficiently. Should you wish to instruct us we will endeavour to take the first steps in recovering your debt the same day.

If litigation is required, we can assist you to pursue your debt through the courts. Debt recovery actions are issued either in the County Court or High Court. If it is that litigation is undertaken to recover your debt we undertake such work upon an agreed fixed fee rate and we will discuss and agree these with you. We at mfg Solicitors pride ourselves on being open about cost, with no hidden charges, to enable you to manage your debt recovery processes and make the necessary informed commercial decision on whether or not to pursue your debt.

Successful litigation produces a court judgement but this sometimes is just the first hurdle of the debt recovery process. The challenge comes when converting that judgement into cash. The process undertaken in order to do this is known as enforcement. Such processes in this regard usually involve instructing bailiffs or enforcement officers to attend the debtor in order to attempt to make a recovery however there are alternatives that we can advise you upon such as:

1. Insolvency proceedings,
2. Attachment of Earnings,
3. Information Orders,
4. Third Party Debt Orders,
5. Charging Orders.

We pride ourselves on being proactive, updating and communicating with clients at every stage of the debt recovery process and providing advice on the best option available to you when pursuing your debts so ensure that you maximise recovery. Such advice is always given in consideration of the associated costs. Our effective approach assists in recovery, in an attempt to translate the judgment debt into cash.

We offer an online facility to allow our clients the opportunity to provide us with instructions in regards to their debt and to have the debt recovery process initiated the same day. To this end please click here and complete the Debt Recovery Instruction Form, this will allow you to furnish us with the necessary details to allow us to undertake the recovery of your debts.

Click here to view the debt collection process and our fees structure.

Should you have any questions or queries or require any further information please do not hesitate to contact Sam Pedley on 0845 5555 321 or by email on samuel.pedley@mfgsolicitors.com.

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