Debt Recovery Archives - Franklins Solicitors https://www.franklins-sols.co.uk/faq_category/debt-recovery-dispute-resolution/ Tue, 24 Feb 2026 18:18:27 +0000 en-GB hourly 1 https://wordpress.org/?v=6.9.4 Do you act for both businesses and individuals? https://www.franklins-sols.co.uk/insights/faqs/do-you-act-for-both-businesses-and-individuals-2/ Fri, 22 Aug 2025 11:50:40 +0000 https://franklins.global-exposure.co.uk/?post_type=avada_faq&p=6399 Yes, although most of our debt recovery work is for businesses, landlords and commercial clients. We also advise individuals in high-value or complex cases.

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]]> Yes, although most of our debt recovery work is for businesses, landlords and commercial clients. We also advise individuals in high-value or complex cases.

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]]> Can you add interest and costs to the debt? https://www.franklins-sols.co.uk/insights/faqs/can-you-add-interest-and-costs-to-the-debt/ Fri, 22 Aug 2025 11:50:24 +0000 https://franklins.global-exposure.co.uk/?post_type=avada_faq&p=6397 In many cases, yes. Depending on the contract or the Late Payment of Commercial Debts legislation, you may be entitled to recover interest and reasonable costs.

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]]> In many cases, yes. Depending on the contract or the Late Payment of Commercial Debts legislation, you may be entitled to recover interest and reasonable costs.

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]]> What if the debtor is insolvent? https://www.franklins-sols.co.uk/insights/faqs/what-if-the-debtor-is-insolvent/ Fri, 22 Aug 2025 11:50:07 +0000 https://franklins.global-exposure.co.uk/?post_type=avada_faq&p=6395 We can advise on insolvency proceedings such as statutory demands, winding-up petitions, or bankruptcy petitions and explore alternative recovery options.

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]]> We can advise on insolvency proceedings such as statutory demands, winding-up petitions, or bankruptcy petitions and explore alternative recovery options.

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]]> Can you recover small debts? https://www.franklins-sols.co.uk/insights/faqs/can-you-recover-small-debts/ Fri, 22 Aug 2025 11:49:51 +0000 https://franklins.global-exposure.co.uk/?post_type=avada_faq&p=6393 We typically accept instructions to recover commercial debts of £10,000 and above. This ensures that formal legal action remains proportionate and commercially sensible when considering court fees, legal costs and the time involved. If the amount owed is below this level, we can still provide initial guidance on the options available to you, including the [...]

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]]> We typically accept instructions to recover commercial debts of £10,000 and above. This ensures that formal legal action remains proportionate and commercially sensible when considering court fees, legal costs and the time involved.

If the amount owed is below this level, we can still provide initial guidance on the options available to you, including the Small Claims Court process or other practical recovery steps. Our focus is always on helping you pursue outstanding sums in a way that is cost-effective and aligned with your wider business objectives.

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]]> Do I always need to go to court? https://www.franklins-sols.co.uk/insights/faqs/do-i-always-need-to-go-to-court/ Fri, 22 Aug 2025 11:49:34 +0000 https://franklins.global-exposure.co.uk/?post_type=avada_faq&p=6391 No. Many debts are resolved through negotiation or settlement agreements without the need for court proceedings.

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]]> No. Many debts are resolved through negotiation or settlement agreements without the need for court proceedings.

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]]> How quickly can you recover a debt? https://www.franklins-sols.co.uk/insights/faqs/how-quickly-can-you-recover-a-debt/ Fri, 22 Aug 2025 11:49:01 +0000 https://franklins.global-exposure.co.uk/?post_type=avada_faq&p=6389 It depends on the circumstances. Many debts are settled after an effective pre-action letter, while others may require court action or enforcement. Acting early increases your chances of recovery.

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]]> It depends on the circumstances. Many debts are settled after an effective pre-action letter, while others may require court action or enforcement. Acting early increases your chances of recovery.

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