How the courts can help you recover your debts

In brief - Legal proceedings to recover a debt should be seen as a last resort

In an age where a significant proportion of small and medium businesses are dealing with issues of cash flow, global economic uncertainty and a lack of demand, non-payment of debts can destroy a business. It is important to know the legal process that you can follow if someone owes you money.

You don't want to start legal action if there is any way to avoid it

It is often cheaper and more practical to try to negotiate a payment plan under which the debt can be paid off in instalments, rather than to bring legal proceedings. This can also be the best method to maintain what in the long run may be a profitable trading partner, customer, or even friend.