Debt Recovery

We are presently acting for a number of companies and institutions world-wide, who have provided goods or services to either European individuals or companies, but then have experienced difficulties in obtaining payment. We have had a tremendous amount of success with these claims.

With a combination of experience, sound knowledge, negotiation and debt recovery skills, we have collected £100,000's in unpaid fees and we are pleased to say that we have developed a growing number of satisfied clients abroad.

We can offer a "no win, no fee" arrangement based upon a percentage of the fees recovered, where we am able to reach a pre-litigation settlement. Therefore, there is no charge if we are unable to recover any monies. Many UK firms would charge on an hourly basis. We do not believe it is sensible to charge at an hourly rate when pursuing monetary claims. Costs could very quickly get out of hand, often equaling or exceeding the amount of the debt! The question of legal fees is extremely important to every creditor, as recovery costs will, of course, eat into the profit they expected to earn from their contract.

In cases where it is not possible to reach an amicable out of court settlement, the next step would be to commence Court proceedings. Whenever you decide to take that course of action, I would advise on a case-by-case analysis on the prospects of success. I offer fixed fee arrangements in cases such as these where it is necessary to commence Court proceedings for the recovery of money.

The procedure for the recovery of debts in the majority of cases is normally simple, quick and effective:

We would ask that you send to us the following papers:-

A copy of your unpaid invoice or invoices (if there are several invoices, a Statement of Account);

Full details of the Debtor's name, address and telephone numbers (if available); and

A copy of any Insurance Certificate and other relevant documents or forms (if appropriate).

For the quickest and most effective results we would request that you send all of the above papers to us by Fax - +44 (0) 1603 663595 or by E-mail - info@milkovics.com so that we can start work on your case immediately.

We would then acknowledge safe receipt and confirm your instructions. We would also contact your debtor seeking payment of the monies due (including accrued interest if appropriate).

We would report to you within 3 months unless we receive a response earlier or if we require further information.

If at that stage, we are unable to obtain payment, we would advise you if it is necessary to issue Court proceedings, and we would let you know what the fees will be.

You would then have a choice whether to proceed further.

We instruct a number of different enquiry agents across the country who operate on a "no trace, no fee" basis, to find absconded debtors or people who have given false details, and/or to provide means reports. These means reports can be extremely useful either before the issue of proceedings where a British tourist is uninsured, to assess whether or not recovery will be possible, or to help decide what enforcement action to take if the debtor has ignored a Court Order for payment (called a Judgment).