Recovery action
Steps taken by a creditor to recover overdue money, from contact and negotiation through to court or enforcement.
Related terms
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Debt recovery
The process of pursuing payment of money that is overdue, from initial contact through to legal enforcement where necessary.
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Creditor action
Steps taken by a creditor to recover or protect a debt, ranging from demands and negotiation to court or insolvency proceedings.
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Enforcement action
A specific step taken to recover a debt, such as instructing enforcement agents, obtaining a charging order or pursuing insolvency proceedings.
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