Debt is a fact of business life for many organisations, and while some degree of short term debt may be expected, serious problems can arise where debt is allowed to mount and where appropriate action is not taken quickly enough. Commercial debt recovery solicitors can work according to contracts and invoices that you have supplied, attempt to chase debt without taking legal action, but they can also take customers to court for non-payment of debts.
Invoice payment is vital to the continued success of a business. It means that you receive the money that you are entitled to, having provided a service or product to the customer. It means that you will have the money you need in order to pay your own invoices and without having to take money from elsewhere, and it means that your cash flow will remain positive.
While most customers pay invoices before or when they become due, there are those that will regularly make payment late as well as those that fail to make payment at all. Whether your customers are business entities or individuals, having contracts in place can help set out the steps that will be taken if payment is not made on time, but this still doesn’t help in ensuring that you receive the payment in a timely manner.
In the first instance, solicitors can help to draft contracts and agreements with customers. They can ensure the legality of your invoicing, and they can perform credit or status checks on debtors, typically through a Companies House search or a bankruptcy check. They can also send legal letters and make communication with debtors on your behalf; often, the use of a solicitor can help spur debtors into action because they know that the debt is being taken seriously.
Your business solicitor can help to implement the processes that will help ensure that there is a greater chance of payment being made on time, and they can take legal action to help pursue those debts that remain unpaid. Using a business solicitor to help with debt recovery means that you can enjoy solid cash flow as more invoices will be paid on time.
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No matter what your legal problem or at what stage it is, there is never a better time to call Haworth & Lees Solicitors than right now.
Our team of dedicated and highly professional Solicitors are always available for you. You will not have to deal with a paralegal or a legal case worker as your point of contact will be with a qualified and experienced Solicitor who will know the details and progress of your case.
Haworth & Lees Solicitors are a well established and highly respected firm of Solicitors in Tameside and Cheshire and offer that personal and local service that is always appreciated by our clients.
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