Overseas PreLegal
Chasing debts overseas can sometimes prove a headache. At Lovetts, we will guide you through the process wherever the debtor is located.
Unless you have a complex disputed debt, we recommend starting with our PreLegal service to see if we can negotiate a quick resolution for you. Charges are based on contingency fees. We can access foreign language capabilities and overseas agents who also support our efforts in recovering debts.
Where the debt can’t be recovered through our PreLegal team they will indicate the next step for you - it may be to cut your losses and write the debt off or there may be the possibility that litigation would be successful.
Understanding your contract, the jurisdiction in which we might have to work and obtaining estimates of the likely costs can be covered by our Overseas Debt Strategy Review. We also strongly recommend that you obtain a fresh credit report so that the ability of the debtor to pay is established at the outset. Where the debt is disputed you may need to seek our advice about the strength of your claim. Our Fixed Price Advice service is designed to guide you through the merits of a disputed action.
Where we have to issue the proceedings in a foreign country, the costs are likely to be substantial and you can expect significantly longer court timetables than we are used to in the UK. It is worth mentioning that your Terms of Business may need updating for future sales to safeguard your interests and make overseas recoveries easier.
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