Are you owed money that you would like to collect?
If so, David R Purvis & Co can take legal action to recover it on your behalf. Note that you can claim a majority of the legal costs and interest on the amount outstanding since the invoice date and the cost of service in the statement of claim.
Often however a debtor will pay on the receipt of a letter from a solicitor. This is inexpensive and the first step in recovering the moneys.
Should proceedings need to be commenced we can:
- Preparing and serve a Statement of Claim.
- Enter Judgment against the debtor.
- Enforce Judgment by way of a Writ(seizure of goods to sell in order to repay the debt), Examination Summons (require the debtor to attend Court to display how they will satisfy the Judgement), and Garnishees Orders ( the Court orders a third party to pay money to a creditor instead of a debtor).
For large debts we can proceed to take the following action:
- Bankruptcy. If an individual is declared bankrupt, a Trustee is appointed to take control of the insolvent person’s estate in order to turn the assets into cash to distribute equally among unsecured creditors (those who do not hold security for payment of the debt).
- Insolvency. When a company is declared insolvent the Court has the power to ‘wind it up’ and appoint a Liquidator, whose responsibility is to turn the assets into cash and distribute it. The creditor and the liquidator firstly recover their costs, followed by certain entitlements to employees. The balance is distributed among unsecured creditors.
In some instances the other party is communicating with you and you want to protect your interests but allow them to pay the moneys owed over a period of time or at some time in the future. In these instances you need some security, we can advise and draft the necessary documents.
Contact us to find out more or to make an appointment.