Our society is enormously dependent on financial credit, this also means that the recovery of debt is often difficult. MKB Law offer a range of dedicated services within the area of debt recovery, specifically: solicitors’ letters before action, telephone collections, asset recovery, recovery of arrears and ejectment proceedings on behalf of landlords. Types of debt action we provide are:
Letter Before Action/Seven Day Letter – this is the normal avenue to resolve disputes and is sent prior to commencing legal action. An Enforcement of Judgments Office search will also be used to ascertain any judgment lodged within the last 6 years.
Legal Proceedings – Small Claims Arbitration Court (debts up to £3,000), County Court (debts up to £30,000) and High Court (utilised to all level of debt and manner of action).
Default Judgment – an application for default judgment is effective where the debtor has failed to either pay or to dispute/defend the action. Such application must be accompanied by a statement of truth (Small Claims) or a sworn affidavit (County or High Court actions).
After Judgment – the EJO may issue orders to attach earnings, direct instalment repayments, charge land, seize goods and appoint receivers on thirds parties who may owe monies to the debtor.
As new consumer markets open to local businesses, we have noted an increase in instructions to pursue recovery action and to attend to Court administrative matters on the UK mainland. MKB Law hold certification for UK jurisdictional issues and have been highly proactive in developing this market.