If a business or individual owes your business and defaults in repayment of it, there are a number of steps you may be able to take to recover it. (LACHLAN MCKNIGHT | JULY 26, 2013)
1) Send a letter of demand
2) Work with a solicitor or debt collection agency
3) Negotiate repayment of the debt
4) Participate in ADR
Rocketlawyer.com offers free legal help and information. This article has some really good insight on how to choose a good collection agency. To read the full article please click here.
Five Tips for Hiring a Debt Recovery or Debt Collection Agency. While there are smart ways to avoid the debt collection process, sometimes you have to hire a professional. After all, you have your business to run and dealing with delinquent accounts can be draining on your resources, time, and patience. Continue reading