Flint Bishop

Failure to provide documentation in debt recovery could prove costly

Pictured above: Richard Anderson


When making a claim against another company or individual, it is important to try to resolve this at the earliest opportunity without the expense and aggravation of having to take it to court.

In fact, parties are encouraged to avoid litigation under rules introduced by the court, known as pre-action protocols.  These require you and the debtor to take steps to exchange information and documentation prior to issuing court proceedings. This allows each party to understand the other's position and to make informed decisions about settlement and how to proceed, in a reasonable and proportionate manner.

Under the practice direction on pre-action conduct, you will need to send a letter of claim to the defendant, setting out the following:

• all documents in support of the claim, including terms and conditions (signed), copy invoices, copy statements, copy letters or e-mails demanding payment;

• details of any admissions made or undertakings given;

• confirmation of how the debtor can contact you to make full payment or to agree a repayment schedule;

• requesting the defendant to give a full response within a reasonable period, say 14 days;

• if the debtor is an individual, you will need to provide a full list of where they can obtain free independent advice and assistance.

If the debt is disputed, it may also be appropriate to refer the action to some form of alternative dispute resolution such as mediation.

The practice direction should also be forwarded to the debtor under the letter of claim, as this sets out what the defendant can do by way of replying to the claimant.  

There is an obligation on the defendant to reply to you.  

The penalties for failure to comply

If either side fails to comply with the practice direction, then the court will take this into account when deciding whether to impose sanctions. The sanctions which the court may impose include:

• staying the proceedings until such steps which ought to have been taken have been taken;

• ordering the party at fault to pay costs, or part of the costs;

• ordering the party at fault to pay those costs on an indemnity basis.

If you are the party at fault, then you may be deprived of interest on all or part of your claim.

If the party at fault is the defendant, they may be ordered to pay interest on all or part of that sum at a higher rate, not exceeding 10% above base rate, than would otherwise have been awarded.

It is therefore vitally important to have all your documentation in order when making a claim for debt recovery - or if you have received a pre-action letter from one of your suppliers chasing payment.

The Beswicks debt recovery team can help you at every stage of the debt recovery process. We can also ensure that your credit control systems and procedures do not put you at risk of bad debtors.

For more information on the pre action protocol procedure or advice on a particular troublesome debt, please contact Richard Anderson on 01782 404722 or email richard.anderson@beswicks.com

For more information on Beswicks Solicitors, view their website here: www.beswicks.com

 

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Article published by Midlands Business News on 25 November, 2010

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