Using a Debt Recovery Solicitor
It no longer comes as a shock to discover that our society is enormously dependent on financial credit. Consumer credit is a part of everyday life for many people, helping to smooth the ebbs and flows of income and expenditure.
With the debt tide rising, many debtors are at risk of being taken under. This often makes the recovery process difficult, least to say time and effort that ought to be concentrated on managing your own business. Most businesses spend a significant amount of time attempting to recover payments which in turn becomes a cost to themselves. Often efforts to recoup money are futile as businesses do not always have the skills or expertise to enforce payment.
Our experienced Debt Recovery Solicitors team at Robert Sinclair & Co., are able to offer you a quality service which is both efficient and cost effective.
For Debt Recovery to be successful and profitable, it needs to be handled methodically and proficiently. We recognize that access to cash is key to survival and maintaining control over debt is more crucial than ever. In addition to enforcing the recovery of payment, we provide an alternative dispute resolution which allows businesses to continue their working relations with their debtor, while managing their debt and cash flow.
We provide support to commercial property agents, Flat Management agencies, retail landlords,financial institutions, banks, building contractors, companies and sole traders.
Our Team receives a significant volume of referrals from Solicitors in other jurisdictions to issue proceedings in Northern Ireland and enforce Foreign Judgments.
What We Do
- Letters of Demand to Debtors
- Negotiating settlement and payment plans
- Obtaining Searches and Status reports on debtors prior to issuing proceedings
- The instigation of Debt Recovery Proceedings to obtain judgment
- Issue and service of Statutory Demands
- Drafting and issuing of Bankruptcy & Winding up Petitions
- Repossession of Property for Secured Lenders / Landlords
- Enforcement Proceedings, obtaining security for a debt due
- Alternative Dispute Resolution
Reasons To Have Experienced Debt Recovery Solicitors Help With Debt.
- Improves Cash flow
- Legal expertise
- Can recover debt for you without losing the business relationship with your debtor
- Sets precedents of how you manage your business to others
He conducts the day to day operations of a large mortgage litigation team and has carried this out for 20 years, ensuring that the firm adheres to stringent service level agreements. Edmund has developed a team within lender services to proactively address rehabilitation issues in order to maintain the position of the lender within a difficult property market. He has extensive experience in all areas of recoveries including asset recovery, shortfall recovery and bankruptcy and his clients include lenders and large corporations.
Stemming from his experience in these areas he provides training and seminars on repossession procedures e.g. to Citizens Advice Bureau and debt advice agencies.
Edmund has been instrumental in developing core ICT competencies of the firm.