Debt Recovery Lawyers
Our debt recovery solicitors are here to help. Whether you require assistance with business-to-business or consumer debt recovery, Talbots offer a product that is fast and simple, at a competitive price with no hidden charges.
Our specialist Debt Recovery team helps businesses recover what they’re owed through Talbots Collect, our straightforward fixed-fee debt recovery service.
Unpaid invoices can put pressure on your cash flow, take up valuable time and create unnecessary stress for your business.
Talbots Collect is our straightforward, fixed-fee debt recovery service, designed to help businesses recover unpaid debts without unnecessary complexity. With transparent pricing, Volume Discounts and our unique Success Credit model, you can take action to recover what you’re owed while keeping your legal costs clear from the outset.
Whether you have one outstanding invoice or regularly need help recovering debts, our specialist Debt Recovery team can help. Contact us today on 02476 521091, at talbotscollect@talbotslaw.co.uk, or Complete our form below.
How Does Talbots Collect Work?
Talbots Collect is designed to make debt recovery straightforward, with a clear process from the first letter through to further legal action if needed.
1. Tell us about the debt
You provide us with the details of the debt and any relevant information or documentation. We’ll review the circumstances and explain the next steps.
2. We send a fixed-fee Stage 1 Letter
We’ll contact the debtor on your behalf with a formal letter requesting payment. Our Stage 1 Letter is offered at a fixed fee of no more than £100 + VAT, so you know what the initial step will cost before we start.
3. The debtor pays
If the debtor pays following our letter, we’ll help bring the matter to a close. Our Success Credit model means that successful recoveries can help offset the cost of ineffective letters within the same two-week period. There’s no limit to the Success Credit available, meaning you could pay £0 for Stage 1 Letters depending on your recovery rate.
4. Further action if necessary
If the debtor still doesn’t pay, we can advise you on the next steps, including negotiation and settlement where possible, and, if necessary, legal proceedings or insolvency action to enforce payment.
Recovering multiple debts?
If you regularly need to recover debts, our Volume Discounts can help reduce the cost of debt recovery when you send us higher volumes of cases. This makes Talbots Collect particularly well suited to businesses managing a regular stream of unpaid invoices.
Why Choose Talbots’ Debt Recovery Lawyers?
Whilst our debt recovery lawyers are specialist in their field, we’re business people first.
With experience spanning across a wide range of industries and sectors, we know the importance of cashflow, and the interruption that can be caused to your business by unreliable customers who don’t pay on time. That’s why we’ll always do everything in our power to ensure our clients receive their well-deserved payment.
The dedicated debt recovery lawyer assigned to your matter will pursue your debts tactfully, but firmly, and will be able to advise you at each stage of the recovery process, including if legal proceedings or insolvency action become necessary. Our debt recovery lawyers have the expertise to advise you every step of the way.
Debt Recovery FAQs
What if my debtor refuses to pay?
If your debtor refuses to pay or disputes their bill, our debt recovery solicitors will encourage direct contact with the customer and actively offer suggestions that satisfy you as well as them, working together to find compromise.
If your customer says they cannot afford to pay, we’ll liaise with them to agree settlement terms if possible, and advise you on your available options including legal proceedings and insolvency action.
Read our debt recovery brochure to find out more.
How does the fixed-fee structure work?
You pay a fixed fee based on the stage of recovery and the number of instructions you provide in a two-week period. Fees are lower the more instructions you send, and our ‘Success Credit’ system helps offset the cost of unsuccessful recoveries. There are no hidden costs, Talbots Collect unique fee structure is straight-forward and transparent. Find out more.
What is ‘Volume Discount’?
We want to work with you and support your business for the long-term, which is why we reward client loyalty by reducing our fixed-fee charges depending on the number of instructions you send us in a two-week period. We call this our Volume Discount. Find out more.
What is 'Success Credit'?
Success Credit is made up of a proportion of all legal costs and late payment compensation recovered under any Successful Letters sent during a two-week period.
More Successful Letters = More Success Credit.
We apply the Success Credit against the cost of any Ineffective Letters sent during the same two-week period. This reduces the overall sum payable by you.
There is no limit to the amount of Success Credit that can be applied, so depending on the number of successful recoveries made, it could mean that you pay nothing at all for the Stage 1 Letters we send. Find out more.
What is the debt recovery procedure?
The debt recovery procedure usually begins with a formal letter of claim to the debtor. This is followed by negotiation and settlement where possible, and, if necessary, legal proceedings or insolvency action to enforce payment.
At Talbots Law, our process is straightforward. We begin by reviewing your T&Cs and copy invoices to confirm the identity and address of the debtor and advise you on any additional interest or legal costs you are able to recover from them.
It’s a good idea to have evidence of their original agreement of payment – this could be a signed contract, or even a purchase order. If you can also provide evidence of the terms and conditions that they agreed to before entering into the agreement, even better. We also recommend that you find proof of the completed service or product that they received.
Next, we write a formal letter to the debtor requesting payment by a certain date, stating that if the payment is not made by this date, you will take legal action. We’ll take care of the letter, sending it directly from Talbots Law to reinforce the urgency to your customer.
If we can assist in recovering debt from your customer outside of court, we will. Our team of debt recovery lawyers have a diplomatic but direct approach, allowing you and your customer to discuss the situation openly while encouraging the debtor to make the payment. We try to keep things simple – after all, we know you don’t want to be involved in a long-running legal battle. Through firm negotiation, our debt recovery team succeed in collecting late payments for our clients, giving them one less thing to worry about.
How long does debt recovery take?
There isn’t a single timeframe because it depends on the circumstances and whether the debtor pays, disputes the debt or further legal action is required.
Straightforward debts can sometimes be resolved quickly, while matters involving disputes or court proceedings will usually take longer.
Our Debt Recovery Team are here to help
Contact us for a confidential, no obligation chat.
You deserve to be paid what you’re owed, when you’re owed it.
With quick and effective recovery services starting from just £100, our team of debt recovery solicitors at Talbots Law are here to help. Our long track record of successful recovery is the reason we’re the recovery partner of companies across the country and means you can get back to focusing on running your business.
Our Debt Recovery Account Managers
Director & Solicitor
Adam is the Deputy Head of our Dispute Resolution team, an experienced commercial litigator who helps our clients with a wide range of complex disputes.
Associate Solicitor
Working from our Stourbridge and Wolverhampton offices, Lucky has a wealth of experience specialising in instituting debt recovery proceedings.
Our Insolvency Team
Director & Solicitor
Stuart is a member of our Dispute Resolution team based at our Stourbridge office, specialising in personal and corporate insolvency.
Director & Chartered Legal Executive (FCILEx)
Martin specialises in Restructuring and Insolvency in our Dispute Resolution team, based at our Coventry office.
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