![]() ![]() ![]() Professional debt collectors can do this on your behalf and often, this is enough of an incentive to settle the matter and avoid an expensive court proceeding. When this letter is sent using a debt collectors’ or solicitors’ letterhead, it can be enough to prompt your debtor to settle payment before any court documents are filed.Īnother effective method of finalising outstanding payments is to register the debt against the debtor’s credit rating. This agency can then guide you through the somewhat complex legal process, and advocate on your behalf.īelow, we outline the various legal options available to businesses for debt collection.Ī letter of demand is the final warning before legal proceedings commence. It is recommended that you seek professional help from an experienced debt collection agency with access to legal expertise. Undoubtedly, any legal matter requires a significant commitment of time, cost and energy. You must clearly communicate that failure to pay the debt, in a set time period, will set the legal process in motion. If these activities have failed to resolve your outstanding debt being paid, you must provide your debtor with clear verbal and written communication – warning that legal proceedings are the next course of action. There are a number of legal avenues businesses can take to recovery debt, however before commencing any legal action, it is important that all reasonable steps have been taken to attempt to recover outstanding payments. One of the inevitable realities of business is finding yourself in the difficult position of having a customer who either cannot, or will not pay for the goods or services you have provided. Your Legal Options For Collecting Unpaid Invoices ![]()
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