Use the law to recover debts

What can I do if someone won’t pay me what they owe?

“If someone owes you money, it is important you move fast to recover it or you could find yourself becoming just another unsecured creditor of Britain’s growing number of insolvent individuals,” warns Richard Kerry, one of Hatchers’ top litigation lawyers.

“These days many ordinary people, such as self-employed motor mechanics or builders, are increasingly having to write off debts owed to them because their customers have got into financial difficulties,” says Richard, who is based in our Shrewsbury town centre office.

“Thirty thousand people are expected to become insolvent between January and the end of March 2007. By the end of the year the figure will top the 100,000 seen in 2006, due to greater borrowing and higher interest rates and utility bills.

“Once individuals have become bankrupt or entered into an individual voluntary arrangement (IVA) it is not possible to issue proceedings against them to recover the sums they owe, so don’t be fobbed off by bad payers, institute proceedings before it is too late. Debt recovery proceedings are about the most straightforward form of litigation and costs are relatively modest compared with other types of litigation.

“Hatchers is the only Shropshire law firm recommended the by national legal directory The Legal 500 for debt recovery actions and we have an enviable record of recovering the bulk of the judgements our clients obtain.”

If you would like advice on recovering money owed to you, please contact the Hatchers litigation team on 01743 248545 or email r.kerry@hatchers.co.uk