What are typical examples for debt recovery?
Debt recovery usually involves breaches of contractual arrangements by a customer or client or debtor who has failed to make payment for goods or services supplied by a client who is the creditor. A very common example is failure by a bank customer to pay their bank loan or credit card debts. Other examples include trade customers failing to pay suppliers or customers of professional service suppliers who have reneged on their commitment to pay for the services they have received.
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Related FAQs
- What are the advantages of using a law firm over traditional debt collection agencies?
- Is there a minimum debt value worth pursuing using a law firm?
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