Why the client needed our help
Our client, a well-known invoice finance company, wanted help recovering a significant debt of £163,444.
How we helped
Initially, we issued a letter before action against the debtor. When they refused to respond to this, legal proceedings were issued in the high court. This was then followed by the issue of a statutory demand.
The outcome / significance to the client
The statutory demand brought the debtor to the negotiating table following which a settlement was reached for £59,233.
As credit and collection professionals ourselves, we have to be pretty discerning about the lawyers we retain so it speaks volumes that Francis Wilks & Jones have been our retained solicitors for many years now. Thoroughly professional, the firm has a wide knowledge and experience of the legalities of the debt recovery scene. Sound advice is always available and provides crucial support with some of the more difficult decisions that we have to make.
The Credit Protection Association
