Debtors are not criminals and criminals are not debtors. A criminal or hacker doesn’t fall under the “debtor” category. What both groups have in common is their destructive impact on the running and success of a business. Many businesses have shut down because of an inability to put a debt recovery plan into action. Equally, criminals like hackers bring down businesses because the money can be irecoverable.
The government set up the Asset Recovery Action Plan to help combat organised crime. This action plan helps in the recovery of assets and business owners recover their losses. But when it comes to debtors, a lawyer can help businesses and individuals with an action plan. Lawyers can create a range of strategies to help clients achieve a successful outcome. The outcome could actually include assisting the debtor with a payment plan.
If you need a client to pay a high value debt, it would be prudent to firstly have a lawyer write a letter. You and your lawyer can create a strategy that includes writing a letter before taking legal action via the courts. You can also get your lawyer to negotiate with your client and try to settle the case off court. If this doesn’t work, then the lawyer would begin litigation procedings.
When it comes to high value debt recovery, debtors can be other businesses and individuals, including high profile entities. High market businesses attract high end business owners and individuals. Often non-payment is due to disatisfaction with services or negligence. When the problem is a lack of funds, lawyers can help draft a plan to help with the debt recovery. Disatisfaciton with services or “forgetting to pay the bill” is what sometimes leads to litigation.
We can help you settle a case without a formal legal action. But if comes to it, we’re highly qualified to help you with high value debt recovery through the courts. Please give us a call for a no commitment initial consultation. SG
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