Business & Commerce: Litigation to Obtain Monies Owing and Overdue

Question: What are the best steps to recover unpaid debts?

Answer:   Engaging in direct negotiation is often a good starting point for resolving unpaid debts amicably.  If that approach does not work, consider consulting with Theresa Forrest, Licensed Paralegal, who can assist in drafting formal letters to remind debtors of their financial obligations and potential legal actions that may follow.  Her expertise ensures that you effectively navigate the legal avenues available to recover your funds.

Outstanding Debts, Overdue Loans, Unpaid Accounts, etc.

When you are owed money, whether you are a individual person or a business, there are several legal avenues that you may explore to recover the funds due. Initially, direct negotiation is often the preferred method as such offers a chance for an amicable resolution without legal involvement; however, if this approach fails to yield the desired results, it may become necessary to engage the services of a legal professional. An experienced legal professional can assist in drafting and sending formal letters warning of pending litigation which serve as a stern reminder of financial obligations and imminent legal action.

In certain circumstances, Theresa Forrest, Paralegal may work with a collection recovery business as registered with the Collection and Debt Settlement Act, R.S.O. 1990, c. C.14, as well as other debt collection services including private investigators and licensed bailiffs.