Debt Recovery & Financial Disputes
Unpaid debts can place pressure on businesses and individuals, particularly where attempts to obtain payment have been unsuccessful. Taking the right legal action can help creditors understand how they may pursue money owed while giving debtors an opportunity to address disputed claims.
SWM Solicitors provides advice on debt recovery and financial disputes, including unpaid invoices, commercial debts, loan disputes, payment disputes, statutory demands and enforcement.
When Payment Does Not Arrive
Commercial Debt Recovery
Businesses may encounter situations where customers, clients or commercial counterparties fail to pay money that is due.
Business Debt Recovery
Unpaid debts can affect cash flow and the wider operation of a business.
Unpaid Invoices
Invoices can become disputed or simply remain unpaid despite reminders.
When the Debt Itself Is Disputed
Loan Disputes
Disagreements concerning loans can involve questions about repayment, contractual terms, interest or whether money remains owing.
Payment Disputes
Payment disputes can arise between businesses, individuals and commercial counterparties for many different reasons.
Formal Steps to Recover Money
Statutory Demands
A statutory demand is a formal demand for payment that can have serious consequences.
Before taking or responding to this type of action, obtaining legal advice can help you understand the implications and the options available.
When a Judgment Has Already Been Obtained
Enforcement of Judgments
Obtaining a judgment does not always mean that payment will follow automatically.
Where a judgment debt remains unpaid, enforcement options may be available. We can advise on the appropriate steps based on the circumstances.
Choosing the Right Approach
Debt recovery is not always about immediately starting court proceedings. The circumstances of the debt, the evidence available and whether the amount is disputed can all influence the appropriate approach.
Our solicitors can help you assess the position before deciding what action should be taken.
Resolving Financial Disputes
Where the amount owed or the basis of the debt is disputed, negotiation may provide an opportunity to resolve the matter without a full hearing.
Where an agreement cannot be reached, we can advise on formal proceedings and the steps required to pursue or defend the claim.
Clear Advice on Money Disputes
Financial disputes can become complicated where there are multiple agreements, payments or parties involved.
We take a practical approach to identifying the key issues and explaining the legal options in clear terms.