Debt Recovery

Debt Recovery

At Franklins Solicitors, we provide swift, cost-effective debt recovery services that help you protect your cashflow while maintaining commercial relationships wherever possible.

At Franklins Solicitors, we provide swift, cost-effective debt recovery services that help you protect your cashflow while maintaining commercial relationships wherever possible.

Law for life

What is Debt Recovery?

Debt recovery is the legal process of pursuing money owed by individuals, companies, or organisations. It can range from a simple pre-action letter prompting repayment, to full court proceedings and enforcement action if a debtor refuses to pay.

For businesses, debt recovery is not just about collecting money — it’s about protecting your cashflow and reputation while minimising disruption. At Franklins, we take a balanced approach, combining firm action with commercial sensitivity to preserve valuable business relationships where appropriate.

law for life

How We Support with Debt Recovery

New build transactions are fast-paced and time-sensitive, often involving strict developer deadlines, staged payments and government-backed schemes such as Help to Buy. Our specialist team understands these pressures and will guide you through the process from reservation to completion.

We regularly act for buyers referred by national developers, local housing associations and independent mortgage brokers. Whether you’re buying off-plan or moving into a turnkey home, our team ensures that every detail is reviewed and explained.

Types of Debt Recovery We Handle

Our team advises on a wide range of debt recovery matters, including:

  • Overdue Invoices and Unpaid Accounts

  • Recovery of Rent Arrears and Service Charges

  • Enforcement of Judgments (County Court and High Court)

  • Recovery of Commercial Loans and Guarantees

  • Construction Payment Disputes and Retention Sums

  • Recovery Against Insolvent Companies or Individuals

  • Debt Recovery for Landlords, Suppliers, and Service Providers

Speak to our Dispute Resolution Team

Disputes don’t have to derail your business or personal life. Whether you’re chasing debts, facing a landlord and tenant issue, or dealing with a complex shareholder or contract dispute, our solicitors are here to help you find a clear way forward.

Dispute Resolution

Why Choose Franklins Solicitors for
Debt Recovery?

Trusted by Businesses Across Sectors

We act for SMEs, landlords, suppliers, and national companies across a wide range of industries.

Speed and Efficiency

We act promptly, knowing that time is often critical in debt recovery. The earlier action is taken, the higher the chance of recovery.

Clear Communication

We provide straightforward, jargon-free advice so you always understand your options and likely outcomes.

Full-Service Litigation Support

If debts escalate into defended claims, we have the litigation expertise to represent you robustly in court.

Business-Focused Advice

We align our approach with your commercial goals — whether you want to recover money quickly, preserve a relationship, or set a precedent for future dealings.

dISPUTE rESOLUTION

Debt Recovery FAQs

How quickly can you recover a debt?2025-08-22T12:49:01+01:00

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.

Do I always need to go to court?2025-08-22T12:49:34+01:00

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

Can you recover small debts?2025-08-22T12:49:51+01:00

Yes. We handle debts of all sizes, from small unpaid invoices to high-value claims. Our advice will always consider whether recovery is commercially worthwhile.

Do you act for both businesses and individuals?2025-08-22T12:50:40+01:00

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.

Can you add interest and costs to the debt?2025-08-22T12:50:24+01:00

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.

What if the debtor is insolvent?2025-08-22T12:50:07+01:00

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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