Our experienced debt recovery team offers a complete service: from company credit checks, commercial debtor tracking and pre litigation, through to County Court action and insolvency proceedings. While a letter and phone call is all that is needed in 93% of cases, it’s reassuring to know that we offer the full range of debt recovery services and can advise you on the most effective course of enforcement action.
In the vast majority of cases debt recovery is successful following a letter and a phone call from Veritas Legal Services. If this doesn’t happen the next resort is often to use County Court action to recover your debt. During the Veritas Legal pre-litigation process your dedicated account manager will explain your options and clarify any costs. We will only act once you are completely happy with the process and no costs are incurred without your authority.
Sometimes, insolvency proceedings may be your best option. We are experts in recovering debts under the Insolvency Act 1986. We will prepare and serve statutory demands on your behalf and follow these up with either a Bankruptcy or Winding-Up Petition. Again, our focus is on what is in your best interests. We’ll keep you informed and offer practical advice and guidance throughout the process.
Often, the best way to avoid issues with commercial debt collection is to make sure you deal with credit-worthy businesses in the first place. A large contract with an unfamiliar customer can be a huge risk and resulting cashflow issues could sink your business. We offer a professional and cost-effective company credit check service for businesses in Devon, the South West and across the UK.
Businesses trying to recover debts can sometimes find it hard to contact the people who owe them money. E-mails stop getting answered, phone numbers suddenly become unavailable, and so on. As part of our commitment to business debt recovery Veritas Legal has successful experience of commercial debtor tracking. Again, we’ll keep you informed and advise you to ensure that your choice of action makes financial sense for your business.
We accept instructions via our website, fax, email or post. We guarantee to commence recovery action the same day on all new instructions received before 4.30 pm.
All your casework is undertaken by a dedicated account manager who takes the time to understand your business. We act as an extension of YOUR business, treating your customers as we would our own.
We always strive to understand fully the sectors and industries in which our clients operate. We can recover commercial debt for all types of business and have found a niche in the following sectors:
percent of cases recovered in 7 days
percent professional, ethical and efficient.
The debtor pays our fees under The Late Payment of Commercial Debts (Interest) Act 1998