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Debt Recovery & Insolvency

Here at Graphene Legal, we appreciate the adverse impact that outstanding debt can have on your business. Left unattended, debt may have a crippling effect on your business’s cashflow and exacerbate financial pressures, to the extent that your own liabilities become overdue.

In the event that you are unable to meet payment obligations to employees and creditors as a result of outstanding debt, your own reputation and future trading arrangements will be placed in jeopardy.

Not only does debt impact negatively on a business’s cashflow, but recovering it can be extremely stressful. Attempts to secure recovery of delinquent debt requires your additional time and work, time which you and your staff could otherwise spend on income generating tasks. More frustrating still, is that any additional time and effort spent chasing payment effectively diminishes any remaining profit from a potential settlement.

There are various reasons as to why an individual or business may not have repaid you including:-

1. They dispute the amount of debt owed

3. They may be experiencing cash flow difficulties

5. They may be purposely attempting to avoid their financial obligations in an attempt to dishonestly escape liability

2. They may be unsatisfied with work carried out or services provided by you

4. They may have entered insolvency

Given the serious problems that can arise, it is vital that you act quickly and commence the debt recovery process as soon as possible, to ensure that matters do not spiral out of control to an irreversible degree and to ensure that your cashflow is maintained.

Let Graphene Legal manage the entire process of recovering the debts owed to you in a way that is compliant, cost-effective and efficient. Our specialist commercial debt recovery team has a proven track record and provide expert advice and assistance to businesses and individuals.

You can trust our experienced and respected team to identify the debt recovery route that is most appropriate for the requirements of your business, and to work with you right through to resolution. Time is of the essence and the sooner the debt recovery process begins, the better the chance of a successful outcome you have.

OUR SERVICE AREAS

We have a wealth of experience in acting for asset-based lenders, acting for and against directors, creditors & debtors in financially-distressed circumstances. We have the ability to advise clients on all stages of the debt recovery process including:-

Monitoring and collection of payment plans

Negotiation and settlement discussions

Formal & Informal Insolvency

Bankruptcy Procedures

Advising on measures to protect your business against bad debts in the future

Advising at the outset on whether a debt recovery claim is time-barred

Initial tracing and worth investigations to ascertain whether commencing the debt recovery process is viable

Sending initial letters of claim to debtors

Issuing Court Proceedings

Obtaining and Enforcing Court Judgments

Assisting with all methods of enforcement

If you have a debt recovery claim which you are concerned is approaching its expiry date, it is essential you obtain specialist legal advice on your options as soon as possible.

Contact Graphene Legal if you require further information and trusted assistance on how we can help you recover outstanding debts owed to you.