Money does make the world go round, and things can get complicated when you are owed money that is not forthcoming. This is where we step in and help you with your debt recovery. While you may think you can handle this on your own, you will soon realise debt recovery is not always as simple as you may think.
By the end of this article, we want you to feel more at ease with the knowledge that someone can help you with the recovery of monies.
Why do you need our debt recovery services?
The answer is simple. Making use of a third party speeds up the process. We have years of experience with cases just like yours and know the exact implementation process. Our team has extensive knowledge of all legal practices, and we will guide you every step of the way. With our team administering and litigating your case, you won’t have to worry about wasting valuable time.
Who is involved in the debt recovery process?
There are generally three common parties involved with most debt recovery cases. Firstly, you have the debtor. The debtor is the individual or company who owes the money through a loan or services/products bought. Secondly, there is the creditor. Again, the creditor is the company, or individual the money is due to. And lastly, you have the third party, the legal representative, who is there to assist in recovering the money.
What does the entire process entail?
Once we have received your case, with instruction, we make use of soft collection and blacklisting strategies, should that not prove satisfactory we would launch straight into litigation with a view to recovering the money from a professionally crafted legal request with a summons and the focus to obtain a judgment against the debtor in order to attach property available for execution sale and recovery of outstanding debt.
Extreme cases
Often it becomes necessary to implement sequestration of natural person or liquidation of a legal entity. This is when a natural person or legal entity must dissolve assets to pay their liabilities due to their liabilities exceeding their assets and not being able to pay their debts. We also our recovery services to liquidators or trustees appointed to administer the estate. You can be assured; we will administer and litigate the entire process on your behalf, implementing all the legal action with a view to retrieving what’s owed to you.
What is the next step?
Contact us to find out how we can assist you in your debt recovery.
At Le Roux Attorneys, we strive to ensure your case is handled with the utmost care.
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