Debt Recovery

As more and more businesses are finding it hard to collect on invoices owing to them as the companies their supplying are still finding the trading conditions difficult. Businesses are now employing debt recovery firms to recover their bad debts. At Debt Assist we have handled many cases like this and always stress that negotiation of debts and payments is the key to resolving the situation.

Debt recovery firms start with a demand letter to businesses for monies owed. This can then lead onto The District Court for debts up to €6,350 , The Circuit Court for debts up to €38,090 and the High Court for debts above this. After a Judgment is made Creditors can send default judgments to the Sheriff have them published and registered as charges against property. If a debtor than defaults on a instalment order made by the court, there is provision in law to have the debtor sent to prison.

Debt Assist has a team of in-house Solicitors and Accountants who have vast experience in dealing with this sort of problem we can negotiate between creditors and debtors to come to a solution everyone is happy with rather than going down the road of litigation. Not only will this rob your company of a customer for life who may well be able to pay their debts in full at a later stage when trading conditions improve it also can have a negative affect in attracting new customers in the short to medium term. Call Debt Assist on 1890 87 67 27 or visit us at http://www.debtassist.ie/ and see how we can use our experience to get your companies cashflow moving again without all the costs associated with litigation.