This depends on the circumstances. In many cases, once our debt recovery solicitors contact someone who owes your business money, they pay straight away. In other cases, for example where we need to take court action, it can take longer.
If we initiate Court proceedings, the Court will usually give a debtor 14 days to make payment or dispute the debt. If they dispute the charge, they will normally be given another 14 days to present their case.
If the debtor disputes the debt and the Court finds in your favour, or the debtor simply fails to respond, the Court will likely issue a County Court Judgement (CCJ) giving the debtor 28 days to pay, or else face the prospect of the CCJ remaining on their records for 6 years.
This means that the majority of debts can be resolved within around 2 months.