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Debt
We make everything clear

Are you experiencing problems paying back money you owe or recovering money that is owed back to you?

Our Insolvency team has over 25 years of experience and provides a wide range of services including advice to individuals and companies who find themselves in financial difficulty or are owed money. If you are owed money or owe someone money, contact us for a free, no obligation consultation on 02890231770 or debt@rgsinclair.co.uk. and we will make everything clear. Read more

Robert G Sinclair Solicitors possesses considerable transaction management skills due to our expertise with large scale contracts with banks and other institutions, including acting for a major UK Bank for 20 years. We also receive instructions from debt recovery agents, construction groups and property managing agents for both residential and commercial properties in recovery of outstanding rent and service charges.

Due to this vast experience, we are able to negotiate to achieve the best possible result for our clients be they financial institutions, private individuals or companies.

Our Solicitors focus on early recovery of debt and it is important from the outset that the most effective method in debt recovery is used both in terms of costs and recovery for our clients. Each instruction is studied carefully before determining the best way forward for our clients in securing the debt. This will be dependent upon the size of the debt, the history around the debt, i.e. is there potentially a valid dispute, and details of the debtor. We negotiate payment plans on behalf of clients who want to offer this service to their clients. This is a lower cost alternative to legal proceedings and one where we make it very clear to the debtor that should they default in any payments then proceedings will follow immediately.

If you are owed money

We will assist you with:

  • Initial advice on debt recovery
  • Letters of demand to debtors
  • Negotiating settlement and payment plans
  • Issuing proceedings to include Small Claims, County Court and High Court
  • Enforcement proceedings through the Enforcement of Judgements Office to include Attachment of Earnings Orders or Orders Charging Land
  • Issuing Statutory Demands
  • Defending applications to set aside Statutory Demand
  • Issuing Bankruptcy Petitions/ Winding Up Petitions
  • Acting on behalf of Management Agents securing
  • Court attendances.

Our Process

We offer advice and assistance to our clients at every stage of the debt recovery process – from the initial letter before action, during legal proceedings and through to the enforcement of a judgement.

For unsecured debts, proceedings are instigated through the Small Claims Court for debts up to £3,000. For debts between £3,000 and £30,000 proceedings are issued by way of Civil Bill. For a debt over £30,000 proceedings are brought in the High Court by Writ of Summons. Alternatively if a debt exceeds the sum of £750 Bankruptcy Proceedings can be commenced by way of Statutory Demand for bankruptcy or for the winding up of a limited company where either a judgement has been obtained or the debt is not disputed.

We acknowledge that the majority of UK Private Sector jobs are created directly by small and medium business enterprises. They are vital to the Northern Irish Economy. Cash flow is one of the single greatest problems that affects these businesses. Late payment of debts can be a serious problem for these businesses. Under the Late Payment of Commercial Debts Interest Act 1998 and The Late Payment of Commercial Debts Regulations 2002 provision has been made for a compensatory award, which is payable per late paid invoice. The compensation entitlement ranges from £40.00 to £100.00 per late paid invoice. We provide help and assistance in calculating whether you may be eligible under this legislation for the compensatory award.

If you owe money

We will assist you with:

  • Advice on all available financial options, including alternatives to bankruptcy
  • Negotiating settlement and payment plans
  • Defending Statutory Demands and Bankruptcy Petitions
  • Drafting application to set aside Statutory Demand
  • Supporting co-owners in relation to joint properties and assets that may be claimed against during insolvency proceedings
  • Mortgage Arrears
  • Debt with Inland Revenue and Customs
  • Rent Arrears
  • Properties in negative equity.

Our Process

Dealing with demands from several creditors can be stressful and we are here to help and advise you how to move forward. At Robert G Sinclair Solicitors we aim to make the situation easier by helping you put a practical debt management plan in place.

We can consult with creditors on your behalf, putting an end to the daily calls and demands. We can contact your creditors, explain the situation and agree with them the amounts you can afford to pay. When you are facing financial difficulties we can explain all the options to you from Bankruptcy to Individual Voluntary Arrangements (IVA).

We are here to alleviate the stress that debt can bring and to establish a way forward for you and guide you towards a long-term solution to allow you manage your debt.

We will take the time to understand you and your debt problems, in order to provide the best advice to you. We strive to make your solution to debt clear.

We make everything clear.

If you are owed money or owe someone money, contact Edmund Sinclair or Rosaleen McGinn for a free, no obligation consultation on 02890231770 or complete the enquiry form and we will call you back.  

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Call us today on 028 9023 1770, or fill in the call back form below, to arrange your free initial consultation.
At your free initial consultation our legal expert will make everything clear from the costs involved to what to expect along the way.
We'll work to get you the best possible result and promise to keep you up-to-date at every stage.