HomeCase studiesPrivate clientsCommercial litigation and dispute resolutionRecovering a large sum of cash loaned to a family member without a signed agreement

Why the client needed our help

Our client, a private individual, had loaned a large sum of money to a family member without getting them to sign any form of agreement about when and how it would be repaid. Because the money was loaned in cash, there was no paper trail which made the prospect of recovery seem unlikely.

How we helped

Following the issue of an initial demand, we negotiated a settlement with the debtor through which our client could recover a significant amount of the debt claimed (80%) without needing to issue formal court proceedings.

The outcome

The agreed amount was paid to our client in one lump sum, providing them with much-needed financial security during the coronavirus pandemic.

Extremely thorough, professional and speedy, and the fees were much more reasonable than the competition. Highly recommended.

A private client we assisted to recover debts

Key contacts

Shona Houghton

Shona Houghton

Debt Recovery Manager

Anna Beetson

Anna Beetson

Paralegal

Mike Lockton

Mike Lockton

Partner

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