Pictured above: Kax Chana

Nottingham Solicitors Fraser Brown has promoted Kax Chana to Debt Recovery Manager as business in the sector continues to grow. 

While recent reports suggest that as people have been forced to tighten their belts the debt recovery business has declined, Kax says that in her experience the opposite has been true. "There is no doubt the recession has opened people's eyes to debt and as such they are less likely to bury their heads in the sand and ignore their financial problems. But as a result of this both firms and individuals have become much quicker off the mark when it comes to starting debt recovery proceedings - and the process is easier than ever.

"An initial 'letter before action' can cost as little as £10 to send and can often be an inexpensive way of getting things moving. In these still uncertain times people are very wary of letting a situation go on for too long in case the firm or individual in question is declared bankrupt and debts are written off.

Previously working within the Dispute Resolution team, Kax's litigation experience means she will be able to advise both commercial and private clients on the best way to resolve any legal disputes as well as help recover any monies owed to them.

She added, "The amount of debt that both companies and individuals owe is still huge - the average household debt in the UK is more than £8,000, excluding mortgages. The more proactive people are about chasing their debts the greater the likelihood that their cash flow will improve - and often all it takes is a solicitor's letter demanding action for payment to be made."