Debt Recovery

We act for both claimants and defendants in debt cases. The downturn in the global economy has resulted in an enhanced level of activity in this area of practice. Such disputes are often, athough not invariably, susceptible of a negotiated settlement: lenders, in particular those situated in those countries which have witnessed significant decreases in the value of real estate are often quite reluctant to repossess the property and sell it as this will realise a loss which is likely to exacerbate the lender’s own balance sheet deficit. Following the introduction of the Civil Procedure Rules, the process of obtaining judgment for debts is now considerably streamlined. We can in some instances offer fixed price debt recovery actions – subject to status. Enforcing judgments may extend to freezing orders or orders for the sale of property