High Value Debt

The Impact Of Debt

Debtors can have a destructive impact on the running and success of a business. Many businesses collapse because of an inability to recover debt. Businesses should put a debt recovery plan into action to help reduce the risk of bankrupcy. Unfortunately, some debts are irecoverable.

Debt Recovery Action Plan

There’s an Asset Recovery Action Plan drafted by the government, to help with the collapse of businesses, resulting from irecoverable debt. This is a plan to help businesses recover losses. But 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 can include assisting the debtor with a payment plan.

High Value Debt Recovery

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.

Who Are The Debtors

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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