Debt Recovery

In recognition of the growth and importance of debt recovery proceedings in the practice, a specialist debt recovery unit was established around 18 years ago. Currently under the direction of a Litigation Partner (Michael Neill) the unit handles a large volume of contested and uncontested debt cases. In addition to our colleagues in Law Net, we have built up a large number of contacts with law firms throughout Great Britain and Ireland from whom we receive agency instructions on a regular basis. The high volume of work enables us to provide a cost effective service.

We have a wide range of clients including a major trade credit insurer, financial institutions, accountants, building contractors, schools and employment agencies.

Notwithstanding a large volume of cases in the debt recovery unit, we strive to provide an individual service to clients dealing with each case on its own merits and circumstances regardless of value or difficulty.

Increasingly our clients are implementing more stringent debt recovery policies – resorting to litigation for the recovery of money, often at a very early stage. At any one time there can be a significant amount of debt litigation files in the firm in relation to any other categories of legal work. The value of claims vary widely but the majority are within the range of £200.00 - £20,000.

Clients expect a prompt, efficient and cost effective service and over the years CFR has built up a reputation for meeting these demands. Indeed, from our own point of view, debt litigation is neither successful (in terms of recovery of money) nor profitable unless it is handled methodically, efficiently and with a clear and detailed knowledge of procedures, the relevant law and the client’s requirements.

We are able to provide a cost effective service in areas where there is a high volume, frequency and turnover of work. In general, we are of a size which enables us to cope with the irregular and unpredictable flows of work without major disruption or difficulty.

We have experience in all Courts from Small Claims Arbitration through County Court to the High Court and we regularly monitor the procedure and costs implications of each Court in order to recover Clients debts as cost effectively as possible. We also have regular dealings in Insolvency proceedings where required.

The Debt Recovery Unit was rated in the top tier by Chambers UK Legal Directory each year from 2005 through to 2008 and has specifically referred to our ability in this area to ‘turn work around swiftly and give excellent feedback on progress’ and offering “good value for money”.