
On the day to day running of a business, the accumulation of debt from customers is inevitable. In some cases, companies shy away from the debt recovery especially when they weigh the aspect of maintaining the commercial relationship with its customers or rather consider the recovery to be a tedious process. Some companies give up on the recovery when their internal efforts to demand for the recovery are unfruitful or in some instances some companies disregard the small claims/debts and are more vigilant to recover high volume debts.
The firm has a Debt Recovery Unit that is endowed with resources, the know-how and experience in executing debt recovery claims and it boasts of over 80% success rate in all its debt collection cases. While a lot of companies use debt collection agencies, it has been our experience that debtors will respond to lawyers when faced with the imminent threat of litigation, insolvency or liquidation. Our experience has been that a demand letter from a lawyer has more weight and will likely produce a positive effect as opposed to a demand from a debt collection agency.
Conversely, we offer our services to debtors to shield them from creditors by negotiating reasonable payment proposal or a debt restructure proposal.
The Firm has successfully represented many of its corporate clients who include among others Top In Town Dry Cleaners, Iungo Capital BV, D.Light Limited, China Telecom (Africa and Middle East) Limited in recovering of debts of up to subject value of Kshs. 1,000,000,000.