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Frequently Asked Questions

We have put together a handful of typical questions and answers that we come across on a regular basis:

How do Marks Recoveries & Legal Services ensure that any entitlement to late payment interest, compensation and collection costs is maximised?

Marks Recoveries & Legal Services always ensure that debtors are made aware of their statutory obligations under the late payment legislation that covers business to business transactions.

Can Marks Recoveries & Legal Services review debts that have been previously written off or have been dealt with by another debt collection agency?

Yes, as long as the debt is not statute barred (i.e. not more than 6 years old), we are more than happy to carry out a free review of historic debts and a fresh pair of eyes from the experienced team at Marks Recoveries & Legal Services can produce impressive results.

We are having difficulty with the court system when trying to enforce a County Court Judgment (“CCJ”). Are we throwing good money after bad and should we give up now?

Don’t give up yet, there are shortcomings and pitfalls with the current court system but we can advise on the most effective enforcement

methods.

The debtor company has gone into Administration but can I get my stock back that hasn’t been paid for?

An insolvent debtor does not necessarily mean that you have to write off a debt. If you have robust terms and conditions of business in place, our understanding and application of the insolvency process might enable you to get your stock or money back.

Can a debt be recovered from a European based company?

Yes, it definitely can. There is a common misconception that overseas debts cannot be recovered through the courts of England and Wales. This is certainly not the case and one of the benefits of being a member of the European Union is the fact that other union member countries recognise UK court based judgments and there are mechanisms in place that allow cross-border enforcement.

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