Debt and Asset Recovery

debt collection and asset recovery

A steady flow of payments from debtors is a necessity for any successful business. From sole traders to multinationals, regular turnover of cash is essential for competitiveness and, in many cases survival. As one of Ireland’s leading law firms specialising in debt recovery, Lavelle understand the importance of the efficient payment of debts and offer a comprehensive service to clients finding themselves with unresolved debt problems.

Whatever the sum involved, we strive to ensure recovery of all monies due and owing to our clients. We are committed to providing you with the best possible service at an affordable cost. We have a wealth of experience in recovering debts and enforcing Judgments for Irish based and international clients. We have expertise in handling high volume case loads for our clients.

We have a state of the art debt recovery software system which allows our clients access to our debt collection system from their own place of business by secure link.

This innovative system allows our clients to:

  • Commence the process themselves by inputting the debtors’ details
  • View the status of their particular debtor files

Our investment in staff and technology means that we are in a position to deliver an efficient and effective service at the most competitive price.

make a payment

We have a specialist security enforcement team. Our team currently acts for a number of mortgage lenders and advise them in mortgage enforcement and possession proceedings.

We work closely with and advise lending institutions on their enforcement options under loan agreements and security documents. We act in a large number of mortgage possession applications on behalf of various lenders in the High Court and Circuit Court. We also advise on the appointment of fixed charge receivers for rent where appropriate.

Our professional negligence team also advise and act for our clients in professional negligence claims and actions to enforce solicitors’ undertakings. This has been effective in perfecting outstanding securities. We assist our clients in relation to reconstitution of security title for the purpose of ensuring enforceability of security.

We represent lending institutions in relation to title insurance arbitration claims. We also advise clients in relation to their legal and commercial options in respect of securitisation of debt and the handling of packages of security and accounts.

Lavelle has begun to offer a Debt Counselling Service for Credit Unions as an alternative to the litigation process. In some instances, instituting legal proceedings is unnecessary and premature and does not serve the interests of either the creditor or the debtor.

Essentially, it is a procedure which focuses on engaging with the debtor to afford them a proper and realistic opportunity to either recommence payments or to enter into a more suitable payment plan. In many cases this will serve as an alternative to court proceedings and will also substantially reduce the costs incurred by both the creditor and the debtor.

Benefits

  • Low Cost
  • Maintains relationship between client and debtor
  • Accounts are managed by Lavelle for a 12 month period to ensure debtor is truly back on track
  • No hidden costs
  • Credit control is outsourced resulting in more efficient time management for client and their staff
  • Helps client understand why their debtors have fallen into arrears which in turn will assist the client in making more informed credit decisions in the future

For more information contact Justin Nevin at jnevin@lavellesolicitors.ie

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“Our outstanding debts are dealt with in a prompt and professional manner leading to recovery of the debt in the majority of cases. Updates are provided immediately on request and the Debt Recovery team are always available to answer queries by phone or email. We would have no hesitation in recommending Lavelle’s debt recovery service to others.”

Clare Davey

, Premier Group

“We have used Lavelle’s debt collection service for quite some time and are more than pleased with the service and we would readily recommend Lavelle’s debt collection service to others.”

Derek Farrell

, Fexco Asset Finance Ltd.