Recovering debts is an essential part of ensuring financial stability for both businesses and individuals. Whether you’re a business owner looking to maintain cash flow or an individual seeking repayment of personal loans, understanding the debt recovery process is key to protecting your financial interests. At TV Edwards Solicitors, we specialise in commercial debt recovery, leveraging our extensive litigation expertise to deliver consistent, successful outcomes for our clients.

Here, we’ll provide an overview of the debt recovery process in the UK, tailored to meet the needs of businesses and individuals alike, along with insights into how we can support you every step of the way.

The Debt Recovery Process

Debt recovery in the UK follows a structured process, designed to maximise the chances of a successful outcome while keeping costs manageable:

1. Initial Assessment

The first step is a comprehensive assessment of your case. We evaluate the nature of the debt, the debtor’s financial position, and any relevant documentation such as contracts or correspondence.

This stage allows us to determine the most effective recovery strategy.

2. Pre-Action Correspondence

A Letter Before Action (LBA) is sent to the debtor, outlining the amount owed, the basis for the claim, and a deadline for payment (usually 14 days).

The LBA is often sufficient to prompt payment, as it demonstrates your intent to pursue the matter legally.

3. Engaging in Negotiation

Where appropriate, we explore options for negotiation or settlement, which can save time and costs. This approach often involves discussing payment plans or partial settlements to resolve the matter quickly.

4. Issuing Court Proceedings

If the debtor fails to respond or refuses to pay, court proceedings can be initiated.

Claims under £100,000 are typically issued in the County Court, while higher-value or complex claims may proceed in the High Court.

At this stage, we ensure all documentation is prepared meticulously to support your case.

5. Obtaining a Judgment

If the debtor does not contest the claim, a default judgment can often be obtained swiftly.

Where the debtor disputes the claim, we’ll represent you through the litigation process, leveraging our expertise to secure a favourable outcome.

6. Enforcement

A judgment is only effective if it can be enforced. We offer a range of enforcement options, including:

• High Court Enforcement Officers (HCEOs): Ideal for debts over £600.
• Charging Orders: Securing the debt against the debtor’s property.
• Attachment of Earnings: Deductions made directly from the debtor’s salary.
• Third-Party Debt Orders: Freezing funds in the debtor’s bank account.
• Winding-Up Petitions: For companies unable to repay debts

Why Choose TV Edwards Dispute Resolution Team for Debt Recovery?

Debt recovery can be a frustrating process, particularly when amicable efforts fail. However, engaging experienced litigation lawyers can help you recover what’s rightfully yours while ensuring a professional and legally sound approach. At TV Edwards Solicitors, we’ve helped clients recover debts ranging from small invoices to high-value commercial disputes, offering pragmatic, results-driven solutions and earning the trust and loyalty of clients.

With decades of experience in debt recovery litigation, we understand the nuances of the legal system and can tailor our approach to your specific needs—whether you’re dealing with a stubborn debtor or seeking swift resolution for unpaid invoices.

What sets us apart?

• Tailored Strategies: No two debt recovery cases are the same. We design bespoke strategies to maximise your chances of success.
• Commercial Focus: We understand the importance of maintaining business relationships. Wherever possible, we aim for amicable solutions while protecting your interests.
• Transparent Fees: Our services are designed to be cost-effective, with clear pricing structures to ensure you understand the costs involved at every stage.

Testimonials from Satisfied Clients

“Adam was very impressive with how he acted in recovering a large commercial debt for our business. He was attentive to what we wanted to achieve and was robust in his approach to successfully resolving the case on incredibly favourable terms. We would definitely recommend instructing Adam and look forward to working with him again in the future. 5/5 rating for sure. He is our go to man” – [Client].

“Without hesitation, I give Adam Haffenden my highest recommendation. You and your support staff assured us you will help us achieve the best outcome for our business in our arbitration dispute with a large London based housing association. You gave us expert advice and peace of mind regarding our legal position on the matter – you helped our problems go away and delivered a remarkable outcome, that we are truly thankful for. The way you tactically negotiated our position to recover nearly £200,000 from the defendant (including most of our legal costs) using your strategic nouse, was incredible. You instilled a confidence in us that we have never had with any legal representative before. Honestly, you went above and beyond and fought for everything in our case with a tenacious, can-do attitude. I would strongly recommend this firm and especially Adam Haffenden to anyone. Adam, simply outstanding, we shall be coming back in the future for sure” – [Client].

Take Action Today

Debt recovery in the UK can be complex, but with the right legal support, you can recover what’s owed to you while minimising stress and disruption. Whether you’re a business or an individual, our dispute resolution team at TV Edwards Solicitors is here to help.

Contact us today to discuss your debt recovery needs and take the first step toward resolving your outstanding debts. Call 020 3440 8000 or email disputeresolution@tvedwards.com