IRB Law offers an affordable, professional, and legal method of debt recovery in Singapore. We provide services and advice on debt recovery to individuals and business of all sizes.
The process of debt recovery is unique to each situation and our lawyers will be able to advise you on the appropriate steps as part of your initial consultation. Our goal throughout any engagement is to help you recover the debt. This ideally means we recover early, and without going to court.
If you’re looking to recover a debt from an individual or company, we can help.
The first step is to gain a full understanding of your current situation so we can advise on the appropriate next steps.
At this stage we review the debtor in detail, primarily we want to understand if they have the financial capability to pay back any debt.
This formal document is designed to warn the debtor of potential legal action if the debt is not paid back. It can be later used in court.
We await a response from the debtor after their receipt of the letter of demand. We will support in negotiation between parties where required.
If the letter of demand proves unsuccessful we can then file a claim with the appropriate court. The amount and type of claim will depend on the route taken.
Post any successful court decision, it’s possible the debtor may still not pay up. We will advise on the appropriate next steps to enforce the collection of the debt.
Understand the typical steps that are involved in recovering debts from a debtor.
Read about the key reasons to leverage a legal approach to debt recovery.