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New Debt Recovery Service launched
12 March 2009
Howell Jones launches a new Debt Recovery Service combining its strong commercial litigation team with a deferred and risk free funding arrangement. The scheme does as it says on the leaflet, fights bad debts and increases cash flow.
Receiverships, administrations and company voluntary arrangements have rocketed by 65 per cent year-on-year, according to The Sunday Times, and the Insolvency Service also reported nearly 52 per cent increase in liquidations for the last quarter of 2008, compared with the same period in 2007. Many SMEs are suffering from the recession and late payments make matters worse and can destroy them by cutting off their cash flow.
As a result here at Howell Jones we have launched a new Commercial Debt Recovery Scheme to help companies fight bad debts and poor cash flow. The scheme is designed to be simple and user-friendly with fixed costs on a sliding scale, depending on the claim. The key benefits include:
• Recovery of debts with the fee only taken once the money is recovered
• The fixed fee includes insurance to protect against opponents’ costs
• Costs recovered may be used towards paying the fee
• The fee itself covers the case from beginning to end. The client knows from Day 1 precisely how much the recovery will cost.
Not only are we offering a no win no fee product, but we guarantee that cases are handled by Commercial Litigation Lawyers and not claims handlers. This means that the claim does not get stuck on a conveyor belt, but that recovery is made as quickly as possible with the lawyers not making idle threats.
The Scheme is managed by Andrew Petchey, who has been in litigation – often at the High Court and Court of Appeal in London – for nearly 20 years.
“There are no catches or hidden charges or penalties,” he says. “And just like other commercial litigation, the advice is pragmatic to get the best and most realistic deal for clients. Our approach is solid and no nonsense. If we say we will sue or wind up unless the debt is paid, that is precisely what we mean!”
Click here for a copy of the leaflet, or email your enquiry to debt@howell-jones.com
