Unpaid invoices and outstanding debts can cause serious financial strain on businesses, disrupting cash flow and affecting long-term stability. If your business is struggling with clients who won’t pay, ignored payment reminders, or overdue accounts, it’s time to take action.
At Ai Law, we specialise in commercial debt recovery and provide effective, legally robust solutions to help businesses recover outstanding debts swiftly and professionally. Whether you are dealing with business-to-business (B2B) debts or consumer (B2C) non-payments, our expert solicitors offer a structured and strategic approach to debt recovery, ensuring you get paid.
Understanding the Debt Recovery Process
Many businesses hesitate to pursue unpaid debts due to concerns over damaging client relationships or uncertainty about legal processes. However, delaying action can make debt recovery more difficult. As debt recovery solicitors, we provide businesses with a clear and effective route to reclaiming what is owed.
1. Pre-Legal Debt Recovery – Encouraging Settlement
Before resorting to court action, we initiate professional yet firm steps to prompt payment:
- Letter Before Action (LBA): A formal legal demand warning of impending legal proceedings if payment is not received
- Late Payment Interest & Compensation: Enforcing entitlements under the Late Payment of Commercial Debts (Interest) Act 1998
- Negotiated Settlements: Where appropriate, we explore mediation and repayment arrangements to recover funds without litigation
Did you know? A well-drafted Letter Before Action is often enough to secure payment without the need for further legal steps.
2. Legal Action – Pursuing a County Court Judgment (CCJ)
If pre-legal measures do not succeed, we swiftly escalate the matter through legal channels:
- Issuing a County Court Claim: A formal legal claim requiring the debtor to respond
- Obtaining a County Court Judgment (CCJ): If the debtor does not contest the claim, we secure a legally binding order for payment
- Defended Claims: Where debts are disputed, we provide specialist litigation support to present your case effectively
3. Enforcement – Ensuring Payment of the Debt
If the debtor still refuses to pay, we take enforcement action, including:
- High Court Enforcement Officers (HCEOs): Empowered to seize goods or assets to satisfy the debt
- Charging Orders: Securing the debt against the debtor’s property
- Winding-Up Petitions & Bankruptcy Proceedings: For serious cases, we can initiate insolvency proceedings against the debtor
Why Instruct Ai Law for Debt Recovery?
Experienced Debt Recovery Solicitors – We act promptly and effectively to recover unpaid debts.
Tailored Legal Strategies – Whether pre-litigation settlement or formal court action, we adopt the best approach for your situation.
Transparent Pricing – We offer fixed fees and no win, no fee options, ensuring cost-effective debt recovery.
Bespoke Corporate Debt Collection Services – We support businesses of all sizes, from SMEs to large corporations.
Recover What You’re Owed – Take Action Today
If you are owed money, do not delay recovery efforts. The longer a debt remains unpaid, the harder it can be to enforce. At Ai Law, we take a proactive and professional approach to debt recovery, ensuring you receive the payments that are rightfully yours.
Need expert debt recovery support? Contact Ai Law today for a confidential consultation and reclaim what is owed to you.