In the small number of cases where a LBA and follow-up telephone call to the Debtor does not produce recovery of the debt, the issue of Legal Recovery Proceedings in Court, very often will force your Debtor to pay. The consequences of a Debtor ignoring a claim served upon them will be the grant by the Court of a Judgment against them for the debt, interest, and Late Payment Compensation where appropriate, together with fixed legal costs incurred as a result of the claim being issued.
Judgment - Once a Judgment has been obtained, unless it is paid within 28 days, it will remain registered against your Debtor for a period of 6 years. This may very seriously affect their credit rating and ability to obtain credit in the future. More importantly, a Judgment will entitle you to take Enforcement Action against your Debtor, by one or more means including:-
We can help you.
For more information please e-mail firstname.lastname@example.org or telephone us on 01543 624053.
Curran & Co, Solicitors, Churchill House, Hyssop Close, Hemlock Way, Cannock, Staffordshire, WS11 7FU.
Copyright ©2018 Curran and Co Solicitors. All Rights Reserved.