DEBT COLLECTION
We offer legal advices on compliance and ethical standards to creditors for their recovery of outstanding debt
what is Debt Collection?
Debt collection in Ireland involves the legal process of recovering unpaid debts from individuals or businesses.
This process is governed by various laws and regulations, including the Consumer Credit Act 1995 and the Central Bank of Ireland’s Code of Conduct on Mortgage Arrears. Debt collection typically starts with issuing formal demands for payment and may escalate to legal proceedings in the District, Circuit, or High Courts, depending on the debt amount.
We offer services to creditors, ensuring compliance with legal requirements and ethical standards to recover outstanding debts efficiently and effectively. cannot handle. For professional services that you can trust, contact us today to arrange a consultation.
Formal Requests for Payment: Drafting and sending demand letters to debtors to prompt payment and outline potential legal actions if the debt remains unpaid.
Court Claims: Initiating legal action in the appropriate court (District, Circuit, or High Court) to recover outstanding debts, including drafting and filing claims.
Enforcing Court Orders: Assisting in enforcing judgments through various methods, such as wage garnishment, bank account seizures, or property attachment.
Debt Settlement Agreements: Negotiating repayment plans or settlements with debtors to recover the debt in a manageable manner for both parties.
Reorganization Plans: Advising on and implementing debt restructuring solutions for businesses facing financial difficulties, including negotiating with creditors.
Asset Recovery: Handling the legal aspects of repossessing assets secured against the debt, such as vehicles or property.
Regulatory Guidance: Ensuring all debt collection practices comply with relevant laws and regulations, and advising on legal rights and obligations.
OUR DC SERVICES
Debt Collection is one of our most popular legal services, particularly with commercial businesses and landlords. We have successfully recovered hundreds of thousands in debt for our clients.
We have also represented our clients in disputes defending debt claims, successfully allowing them the opportunity to pay debt in a schedule that suits them.
We contract the best legal commercial and property barristers in the country to facilitate our clients in their debt collection cases. As this can be a sensitive area, we highly recommend seeking professional advice from our legal team. Use the button below to fill out our booking form or give us a call.
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CHOOSE IMK LAW
IMK Law is one of the highest rated legal services firms in Ireland. We are famously known for our immigration services but our expertise spans over 15 legal sectors. From the Irish Circuit Court to the European Supreme Court, we have helped thousands of clients with their legal needs.
In short, there is no case we cannot handle. For professional services that you can trust, contact us today to arrange a consultation.
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Call the Office: 01 557 5536, 01 557 6000 or 01 563 7506
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