Debt Recovery Services by Resolvu
At Resolvu, we understand that debt recovery can be a complex and challenging process. Our goal is to simplify this process for you by offering a comprehensive range of services that cater to every stage of debt recovery. Whether you’re dealing with a stubborn debtor or navigating legal proceedings, Resolvu provides a strategic, step-by-step approach to ensure the highest chances of success. We combine legal expertise with practical solutions, ensuring that your interests are protected and your financial goals are met efficiently. With Resolvu, you can trust that your debt recovery is in capable hands, delivering results with professionalism and precision. Our commitment is to guide you through the process with clarity and confidence, allowing you to focus on what matters most—your business.
Why Choose Resolvu?
Choosing Resolvu means partnering with a team that consistently delivers results with an impressive 80% success rate at the Letter Before Action stage, showcasing our effectiveness in prompt debt recovery. Our expert legal guidance ensures that every step of the process is handled with precision, from the initial communication to final enforcement. We provide strategic solutions tailored to your specific needs, offering personalized service that goes beyond a one-size-fits-all approach. With clear communication and regular updates, you remain informed and in control throughout the entire process. At Resolvu, we are client-focused, prioritizing your financial success and working tirelessly to achieve the best possible outcomes for you.
The Debt Recovery Process
Our debt recovery process is designed to be both thorough and efficient, guiding you through each necessary step to recover your funds. Our debt recovery process is designed to be both thorough and efficient, guiding you through each necessary step to recover your funds. We begin by carefully assessing the specifics of your case, ensuring that every action we take is tailored to your unique circumstances. From the initial contact with the debtor to the final enforcement of a court judgment, we employ a strategic approach that minimizes delays and maximizes the likelihood of a successful recovery. Our process is transparent, with clear communication at every stage, so you are always informed and in control. Whether it’s issuing legal notices, pursuing court action, or enforcing judgments, our dedicated team leverages its extensive legal expertise to navigate the complexities of debt recovery with precision and determination.
1. Stage One: Pre-Litigation Letters
Letter Before Action (LBA): This is the first step in our debt recovery process. An LBA serves as a formal demand for payment, outlining the consequences of non-payment. This approach is effective, with 80% of cases being resolved without needing further action.
Late Payment Letter: For cases involving late payments, this letter demands payment within a specified time frame and serves as a final notice before legal action is taken.
Pre-Action Protocol Letter: When dealing with individuals or sole traders, a Pre-Action Protocol Letter is necessary. This letter provides detailed information about the debt and gives the debtor a clear deadline to respond.
2. Stage Two: Legal Proceedings
Issuing a Court Claim: If the debtor fails to respond satisfactorily to pre-litigation letters, the next step is to issue a legal claim through the County Court. This formal claim requires the debtor to pay the outstanding debt along with any accrued interest and legal costs within a specified period. This step underscores the seriousness of the situation and is essential for moving forward with legal enforcement.
Obtaining a County Court Judgment (CCJ): Should the debtor still not respond, we will seek a County Court Judgment. A CCJ legally confirms the debtor’s liability and is crucial for enforcing the debt. Once a CCJ is obtained, further legal actions can be taken to recover the debt.
3. Stage Three: Enforcement Actions
Enforcing a CCJ: After securing a CCJ, we will advise on the most effective enforcement methods tailored to your specific case. Enforcement options include:
Transparent and Easy Process
At Resolvu, our services are built on a foundation of transparency and simplicity. Our clients appreciate the clarity and efficiency of our approach, which allows them to focus on their core business while we handle the complexities of debt recovery.
To get started with our services, simply open an account with us. Our team will guide you through the process, from sending initial letters to enforcing judgments. For more information or to speak with one of our advisors, contact us today.
Request A Free Consultation
Let us know what you need by filling out the contact form, and we will get in touch with you as soon as possible
