Debt Recovery

Our debt recovery services are designed to help businesses and individuals recover outstanding debts efficiently and cost-effectively. We employ a strategic approach that combines negotiation, mediation, and if necessary, litigation to secure the recovery of owed amounts. MSR Solicitors is committed to minimizing financial losses and safeguarding the financial health of our clients.

Types of Debt Recovery Litigation We Handle:

1. Commercial Debt Recovery:

Our firm specializes in assisting businesses in recovering outstanding debts from other businesses or individuals. We understand the critical importance of cash flow for businesses, and our team employs strategic legal approaches to ensure timely recovery. We handle cases involving breach of contract, unpaid invoices, and disputes over goods and services.

Relevant Case Law:

  • Lloyds Bank plc v. Bundy [1975] QB 326: This case established the principle that a party can recover interest as part of the debt recovery process.

Relevant Legislation:

  • Late Payment of Commercial Debts (Interest) Act 1998: We leverage this legislation to secure interest on overdue commercial debts.

2. Consumer Debt Recovery:

MSR Solicitors also provides legal assistance to individuals facing challenges in recovering debts owed to them. Whether it’s an unpaid loan or outstanding credit card debt, our team is on hand to help you secure what is rightfully yours.

Relevant Case Law:

  • Wilson v. First County Trust Ltd (No 2) [2003] UKHL 40: This case clarified the legal principles applicable to consumer credit agreements and default.

Relevant Legislation:

  • Consumer Credit Act 1974: We utilise the provisions of this legislation to protect the rights of consumers and ensure fair debt recovery practices.

3. Insolvency and Bankruptcy Proceedings:

In cases where the debtor is insolvent, our solicitors are well-versed in initiating insolvency and bankruptcy proceedings. We work closely with our clients to explore all available options and guide them through the legal steps required for effective debt recovery in these circumstances.

Relevant Case Law:

  • Re Brightlife Ltd [1987] BCLC 200: This case highlighted the importance of considering the solvency status of a debtor in debt recovery proceedings.

Relevant Legislation:

  • Insolvency Act 1986: We rely on the provisions of this act to navigate insolvency and bankruptcy proceedings.

Why Choose MSR Solicitors for Debt Recovery Litigation:

1. Expertise:

Our solicitors have a wealth of experience in debt recovery litigation, ensuring that you receive the highest standard of legal representation.

2. Tailored Solutions:

We understand that each debt recovery case is unique. Our team works closely with clients to tailor legal strategies that align with their specific circumstances and objectives.

3. Transparent Communication:

MSR Solicitors is committed to open and transparent communication. We keep our clients informed at every stage of the debt recovery process, providing clarity and peace of mind.

If you are facing challenges in debt recovery or seeking proactive legal assistance, contact MSR Solicitors today. Our dedicated team is ready to guide you through the complexities of debt recovery litigation with expertise and professionalism.

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