Solutions that recover your assets while protecting your interests.
We know that recovering debt can be stressful, without the added worry of unknown fees. That’s why we offer Prism Debt Recovery, our fixed-fee, managed debt recovery service. Whether you need one-off help recovering a single debt or ongoing support with your credit control operations, we design our services to be as economical as possible.
Our fixed fee is calculated per action for undefended claims. If a claim is defended, we will charge separately, in addition to any outlays.
Prism Debt Recovery
There can be a number of stages involved in debt recovery and we’ll always work to resolve the situation at the earliest stage possible.
Stages can include:
Pre-action
Assessing the prospects of success by conducting enquiries and advising on next steps, which may include issuing effective demand letters, statutory demands, and short-form demands.
Court action
Sometimes there is no alternative to raising legal proceedings.
For debts under £5,000 we’ll advise on Simple Procedures.
For debts over £5,000, we’ll assist with Ordinary actions.
In either case, we’ll handle all aspects of the process for you, keeping you informed and advising on your options at every stage.
Enforcement / Recovery
If a debt remains unpaid even after successfully obtaining a court judgment, we’ll guide you through the most practical enforcement options available to you.