We recognise how important it is for your business to collect unpaid debts as quickly and efficiently as possible and our team specialises in recovering commercial debts.
Every business is entitled to payment after an invoice has been raised. If this transaction isn’t carried through or ignored, we can initiate debt collection proceedings on your behalf.
The team operate within our award winning Dispute Resolution Isle of Man department and our debt recovery service includes:
- Chasing of debts and pre-action negotiations
- Letters of demand
- Issue and service of court proceedings
- Obtaining Judgment
- Enforcement of Judgments; and (as appropriate):
- Statutory demands followed by bankruptcy or winding up petitions
- Tracing and asset recovery.
The focus for any debt recovery process is to move quickly to maximise the chances of recovery in the most economical way. At Simcocks, we respond quickly, taking a proactive and practical approach appropriate to the individual circumstances.