Another great result for the Woodstock debt recovery team
c.jermyn • October 25, 2019
Successful settlement of unpaid rent arrears owed to a landlord client
Our debt recovery department, comprised of Frank and Rosie, has recently achieved settlement in respect of a substantial amount of rent arrears owed to one of our landlord clients by a company tenant. In this case, Rosie and Frank used their legal knowledge and experience to encourage the debtor to offer a healthy settlement proposal, which was accepted by our client and is now being paid as agreed.
Being left with significant rent arrears or losses, arising from damage to the property, can be extremely frustrating, particularly when there seems little opportunity to recover the debt. In some cases, it may be best to walk away; however, in most cases, enforcement or settlement can be achieved.
There are various methods available that, when coupled with experience in recovering unpaid debts, can lead to great results recovering sums that would otherwise have been written off. It's about knowing when to push, when to walk away and what options you have available.
You have 6 years to recover money owed to you and, in certain cases, it maybe beneficial to give the debtor a little bit of time to improve their financial position, to allow them to repay sums rightfully due. However, this may not always be the case.
If you have an unpaid judgment or rent arrears, then please do not hesitate to contact our debt recovery team. We are happy to help.
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