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If a person or company owes you money and won't pay, there are ways of recovering the debt. The action you take will depend on the size of the debt and your ability to prove that you are owed the money. Speak to the person who owes you money. You may be able to informally agree a plan to get the money repaid. If that doesn’t work, you can write a letter. Tell them:
It's important to include information like:
You should avoid:
Using mediation to reach agreement over debt disputeIf you are unable to come to an agreement over the debt, you can get help negotiating a solution using a mediation service. In mediation, someone from a mediation service helps two sides find a solution to a dispute. It can be quicker, cheaper and less stressful than going to court. The court will expect you to try to solve the dispute through negotiation or mediation before going to court. If mediation doesn’t work, you can still take a case to court. Using a solicitorIf you’re not able to come to an agreement, it can be helpful to discuss your case with a solicitor who's experienced in debt recovery. For a fee, they can write a letter to the person who owes you money. The letter can tell them that legal action may be taken if they don't pay. A solicitor's letter can produce quick results. Talking with a solicitor can also help define your case in legal terms and help identify further action that may be available to you. Sometimes solicitors will work to a fixed fee. If they are charging an hourly rate, this is usually around £50.oo an hour.
Using a debt recovery agencySome companies specialise in debt recovery and will employ a solicitor to take legal action to recover your debt. They may charge a fixed fee or take an amount of the money they recover on your behalf. It's possible the agency might not use legally trained staff. Recovering debts through the courtsIf you can't reach agreement over the matter in any other way, you may want to make a claim in court. This is normally used as a last resort. It's a good idea to seek independent legal advice first. It's important to remember that:
If win your case, you may have to apply to the Enforcement of Judgments Office EJO) to ask them to try to recover the money on your behalf, as the court won’t enforce a judgment. There are further fees that the EJO will charge you to enforce your judgment. You can find out more information by contacting the EJO at: Claiming onlineWhere the value of the claim does not exceed £3000, you can make a claim online using the Small Claims service.
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The State of Arizona requires all licensed residential contractors to provide financial protection to their customers. The protections apply whether you buy a new home, remodel, build a swimming pool or have a new roof put on your home. In order to obtain a license, a residential contractor must post a cash deposit or surety bond of $4,250.00 to $100,000.00. In addition, a residential contractor must either pay into the Recovery Fund or post a second bond of $200,000.00. The vast majority of residential contractors have chosen to participate in the Fund. Therefore, there are actually two programs offering financial protection. We will explain in some detail how to collect from either one. What is the Recovery Fund?The Recovery Fund is a form of financial protection provided by licensed Arizona residential contractors to residential homeowners. The Recovery Fund is governed by statute and available only to claimants who own and occupy, or intend to occupy, residential property. In some circumstances, the Recovery Fund is also available to lessees of residential real property and homeowners' or unit owners' associations as defined by A.R.S. § 32-1132(B). The Recovery Fund does not accept claims from suppliers, subcontractors, laborers or other commercial entities. Make Sure You Are Eligible Before You File a ClaimIn order to be deemed eligible for recovery from the Fund, you must submit documentation to demonstrate that you meet the following requirements:
Recovery Fund FAQ
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