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DEBT RECOVERY

Debt Recovery: Take Control of Your Financial Future

Do growing bills overwhelm you and leave you unsure of where to turn? Recovering outstanding debt can seem intimidating, but with the correct direction you can reclaim what is owing and protect your financial future. Having more than 12 years of experience in legal services and conflict resolution, RakLAW is ready to help you at every level in debt recovery.

Four Stages of Debt Recovery

1. Letter Before Action (LBA)

It is best to send a formal Letter Before Action to the debtor before initiating any legal action. This letter serves as an official notice of the outstanding debt and often encourages settlement without further escalation. Our staff can assist you in creating a compelling financial remedies notice to initiate the recovery process.

2. Legal Action

If the debtor fails to respond satisfactorily to the Letter Before Action, the next step is to commence legal procedures by submitting a County Court claim. This involves sending the relevant court paperwork and demanding that the debtor repay the debt, along with any interest and related expenses, within a specified period. Our professionals will guide you through the legal claim process with precision and efficiency.

3. County Court Ruling (CCJ)

If the matter proceeds, obtaining a County Court Judgement confirms that the debtor has defaulted on their obligations. A CCJ not only supports your claim but also provides the legal basis for further enforcement proceedings. Our team is adept at utilising CCJs to improve your chances of a successful recovery.

4. Administration of Enforcement

Once a CCJ has been secured, enforcement actions can be initiated to recover the outstanding amount. This may involve seizing assets, obtaining deductions from income, or negotiating a structured payment plan that suits your situation. For comprehensive support during this stage, you might wish to consider our civil litigation services.

Managing Debt Collection Agencies

If your debt has been assigned to a debt collection agency, it is important to understand your rights and responsibilities. These agencies, which act on behalf of creditors, are strictly regulated and may contact you via phone, email, post, or text. Engaging productively with them can help you negotiate a reasonable repayment schedule. RakLAW can help you assess your situation, create a workable budget, and negotiate fair terms with any collection agency.

Understanding Debt Recovery Law

Navigating the legal terrain of debt recovery can be challenging. Whether your situation involves late commercial payments, interest recovery, or pursuing a court order for unpaid debt, you need the correct legal guidance. Our extensive knowledge in debt recovery law ensures that your rights are protected and that you recover the full amount due.

Our Commitment to You

At RakLAW, our primary goal is to provide thorough legal support throughout the debt recovery process. Our knowledgeable staff is dedicated to helping you achieve a positive outcome that restores your financial situation. With our personalised approach and comprehensive understanding of debt recovery law, you can be confident that your case is in capable hands.

Contact RakLAW now for a free consultation if you are ready to proceed with recovering your debts. Let us guide you through the complexities of debt recovery and work towards a favourable resolution for your financial future.

Ready to talk? Book a free 15mins Consultation

Frequently Asked Questions

Candidates for a UK family visa must have a qualifying relationship with a UK resident—that of a spouse, partner, child, parent, or relative requiring long-term care. Candidates also have to pass specific English language Test and financial requirements. On the official UK government website, one may get all the necessary information.

Usually, applications for UK family visas are made online via the official gov.uk website. Steps include completing the application form, supplying required proof of the relationship and fulfilling other criteria, and paying the relevant fees. The UK government website offers thorough direction but if you are unclear or need legal guidance and support, feel free to give us a call on 0203 345 2000.

Sponsors of the spouse or partner visa application have to show a minimum annual income, which is £29,000 per year as of the most recent changes. This number is subject to change hence it is advisable to refer to the most recent policies on the website of the UK government.

Yes, assuming you still fit the eligibility criteria, you can seek to extend your stay. Or you can change to another family visa category if you are already in the UK on a family visa. Applications have to be made before your present visa runs out.

Further information can be found on the official gov.uk website otherwise if you are looking for legal guidance and support throughout the entire visa process, feel free to give us a call on 0203 345 2000 or complete a call back request form on this page.

Get in Touch

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RakLAW Solicitor Ltd is regulated and authorised by Solicitors Regulation Authority, SRA No. 8007405 and is a company registered in England & Wales under company number 14835989 Registered Office: 1 Canada Square, London E14 5AA