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Many people face the nightmare of unpaid debts from seemingly vanished debtors. These outstanding debts can create a significant financial burden and distress. At Law Clinic, we understand the complexities of debt collection, and we're here to help you recover what's rightfully yours, even when the debtor seems untraceable.
A Client's Challenge: A Disappearing Debtor
Recently, a client approached us with a significant debt owed by a customer. Despite repeated attempts to collect the payment, our client was unable to reach the debtor. The debtor had seemingly vanished, leaving no forwarding address or updated contact information.Â
Step 1: Tracking Down the Debtor
The first step involved locating the debtor's current address. Utilising a reputable online tracing service, we were able to track down the debtor's updated contact information. This crucial step allowed us to move forward with the debt collection process.
Step 2: The Power of a Letter Before Action
With the debtor's address confirmed, our client drafted a robust Letter Before Action (LBA) using the templates within the member's area. This formal letter clearly outlined the outstanding debt and the consequences of non-payment. An LBA template is available to our member's area, but it's crucial to ensure the letter is tailored to the specific circumstances of each case.
Step 3: A Positive Outcome
The LBA served as a powerful reminder of the outstanding debt. Following receipt of the letter, the debtor promptly contacted our client and settled the entire amount owed!
This case exemplifies the effectiveness of a well-crafted Letter Before Action. Often, simply outlining the legal repercussions and potential consequences is enough to prompt debtors to settle their outstanding balances.
We Can Help You Too!
If you're facing unpaid invoices or struggling to collect debts from a missing person, we can help. Our team has extensive experience in debt recovery solutions.
Don't let outstanding debts hold your business back. Contact us today for a free consultation and let's discuss how we can help you recover what'sÂ
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