Debt FAQs

Contact our legal team to discuss your case. We offer an initial consultation to assess your options and recommend the most effective course of action, whether through informal negotiations or legal proceedings.

If informal recovery efforts fail, legal action may be necessary. Options include:

• Issuing a County Court Claim for unpaid debts and then seeking a County Court Judgment (CCJ)
• Enforcing a CCJ through bailiffs or High Court Enforcement Officers, charging orders, or third-party debt orders
• Issuing a Statutory Demand, which could lead to insolvency proceedings.
• In some industries, other processes such as adjudication or arbiration are common. 

If a debtor company has entered administration or liquidation, debt recovery becomes more complex. We can assist in submitting a claim to the appointed administrator or liquidator and exploring options such as director liability claims if misconduct is suspected.

In the UK, generally, a  debt may become "statute-barred" after six years under the Limitation Act 1980. However, the law on the area is complicated and the limitation period could be longer or it could be extended. If you are owed money, and are concerned about limitation, please contact us urgently. 

Yes. The amount of interest depends on the type of contract and your terms and conditions (if any). In certain circumstances, under the Late Payment of Commercial Debts (Interest) Act 1998, businesses can claim interest (currently 8% above the Bank of England base rate) on overdue invoices, plus compensation. Alternatively you may be able to claim contractual interest or interest under the County Court Act or Senior Courts Act.