DEBT RECOVERY
 
 
sewell
 
MISSION AND COMMITMENT
SERVICES AND SOLUTIONS
. DEBT RECOVERY
. DEFENDED CLAIMS
. COMMERCIAL LIGITATION
. INSOLVENCY AND
RESTRUCTURING
. CREDIT MANAGEMENT ADVICE
 
NEWS AND ARTICLES
CONTACT SEWELL LAWYERS
© SEWELL LAWYERS 2008
 
 
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Debt collection is at the centre of Sewell Lawyer's services and Sewell Lawyers provides consistent performance to its clients.

The basic sequence of debt recovery is:

Pre legal demand -> If unpaid -> Claim -> Judgement -> Enforcement

Step 1 - Solicitor's Letter of Demand
These are used to achieve cost effective initial action before the commencement of a claim.

Step 2 - Issuing a Claim
Once your Letter of Demand has expired, you can start legal proceedings by issuing a statement of claim and adding legal costs and interest to this claim. Issuing a claim has an immediate effect by starting a Court timetable.

Step 3 - Judgement and Enforcement
Judgements will affect a debtor's credit rating and may be used to take enforcement action such as:
. Commencement of bankruptcy or winding up proceedings;
. Seizure and sale of the debtor's moveable property;
. Getting the debtor examined at Court;
. Taking action against real property owned by the Debtor

Alternative Approach - Winding-up Proceedings

A powerful alternative to issuing a claim is to start insolvency proceedings against a company debtor. Sewell Lawyers provides advice regarding this alternative and your rights to seek appointment of a liquidator against on insolvent debtor.
 
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