Debt recovery
The process of pursuing payment of money that is overdue, from initial contact through to legal enforcement where necessary.
Related terms
-
Recovery action
Steps taken by a creditor to recover overdue money, from contact and negotiation through to court or enforcement.
-
Enforcement action
A specific step taken to recover a debt, such as instructing enforcement agents, obtaining a charging order or pursuing insolvency proceedings.
-
Enforceable
Capable of being legally upheld or pursued through an appropriate enforcement process.
What’s your next step?
Get in touch with us at Bell & Company today to see how we can help